In the last three months, 13 analysts have published ratings on APA APA, offering a diverse range of perspectives from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 1 | 8 | 1 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 2 | 0 | 2 | 0 | 0 |
| 2M Ago | 0 | 0 | 1 | 0 | 0 |
| 3M Ago | 1 | 1 | 4 | 1 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $44.08, a high estimate of $61.00, and a low estimate of $36.00. Observing a downward trend, the current average is 12.47% lower than the prior average price target of $50.36.
Exploring Analyst Ratings: An In-Depth Overview
The standing of APA among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below 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 |
|---|---|---|---|---|---|
| Mark Lear | Piper Sandler | Lowers | Neutral | $36.00 | $42.00 |
| Paul Cheng | Scotiabank | Lowers | Sector Perform | $37.00 | $43.00 |
| Neal Dingmann | Truist Securities | Raises | Buy | $61.00 | $59.00 |
| Charles Meade | Johnson Rice | Announces | Hold | $40.00 | - |
| 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 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to APA. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of APA compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of APA's stock. This comparison reveals trends in analysts' expectations over time.
Capture valuable insights into APA's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on APA analyst ratings.
Get to Know APA Better
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).
Understanding the Numbers: APA's Finances
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: APA's revenue growth over a period of 3 months has faced challenges. As of 30 September, 2023, the company experienced a revenue decline of approximately -20.06%. This indicates a decrease in the company's top-line earnings. When compared to others in the Energy sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: APA's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 19.89% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): APA's ROE stands out, surpassing industry averages. With an impressive ROE of 51.37%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): APA's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 3.43% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: APA's debt-to-equity ratio surpasses industry norms, standing at 5.28. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
How Are Analyst Ratings Determined?
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.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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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