11 analysts have expressed a variety of opinions on APA APA over the past quarter, offering a diverse set of opinions from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 2 | 6 | 1 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 1 | 0 | 0 |
| 2M Ago | 1 | 1 | 4 | 1 | 0 |
| 3M Ago | 0 | 1 | 1 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for APA, presenting an average target of $45.64, a high estimate of $53.00, and a low estimate of $37.00. Observing a downward trend, the current average is 11.38% lower than the prior average price target of $51.50.
Deciphering Analyst Ratings: An In-Depth Analysis
In examining recent analyst actions, we gain insights into how financial experts perceive APA. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| John Freeman | Raymond James | Lowers | Strong Buy | $44.00 | $61.00 |
| Josh Silverstein | UBS | Lowers | Neutral | $41.00 | $48.00 |
| Roger Read | Wells Fargo | Lowers | Overweight | $52.00 | $53.00 |
| Scott Gruber | Citigroup | Lowers | Neutral | $37.00 | $52.00 |
| Scott Hanold | RBC Capital | Maintains | Sector Perform | $50.00 | - |
| Mark Lear | Piper Sandler | Lowers | Neutral | $42.00 | $48.00 |
| Subash Chandra | Benchmark | Lowers | Buy | $43.00 | $46.00 |
| Nitin Kumar | Mizuho | Lowers | Underperform | $42.00 | $49.00 |
| Josh Silverstein | UBS | Lowers | Neutral | $48.00 | $53.00 |
| Biju Perincheril | Susquehanna | Lowers | Positive | $53.00 | $54.00 |
| Bob Brackett | Bernstein | Lowers | Market Perform | $50.00 | $51.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to APA. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of APA compared to the broader market.
- Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.
To gain a panoramic view of APA's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on APA analyst ratings.
All You Need to Know About APA
Based in Houston, APA is an independent exploration and production company. It operates primarily in the U.S., Egypt, the North Sea, and Suriname. At year-end 2022, proved reserves totaled 890 million barrels of oil equivalent, with net reported production of 400 thousand boe/day that year (64% of which was oil and natural gas liquids, with the remainder natural gas).
Financial Milestones: APA's Journey
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Decline in Revenue: Over the 3 months period, APA faced challenges, resulting in a decline of approximately -20.06% in revenue growth as of 30 September, 2023. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Energy sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 19.89%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 51.37%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): APA's ROA stands out, surpassing industry averages. With an impressive ROA of 3.43%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: With a high debt-to-equity ratio of 5.28, APA faces challenges in effectively managing its debt levels, indicating potential financial strain.
The Basics of Analyst Ratings
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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