Citizens Financial Group Inc. RI Acquires Shares of 15,666 APA Corporation $APA

Citizens Financial Group Inc. RI acquired a new position in APA Corporation (NASDAQ:APA) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 15,666 shares of the company’s stock, valued at approximately $510,000.

Other large investors have also recently made changes to their positions in the company. Hollencrest Capital Management raised its position in shares of APA by 520.8% during the 1st quarter. Hollencrest Capital Management now owns 596 shares of the company’s stock valued at $25,000 after buying an additional 500 shares in the last quarter. Cedar Mountain Advisors LLC bought a new position in shares of APA in the 1st quarter valued at about $28,000. Summit Securities Group LLC grew its position in APA by 115.1% in the fourth quarter. Summit Securities Group LLC now owns 1,327 shares of the company’s stock worth $32,000 after acquiring an additional 710 shares in the last quarter. MidFirst Bank bought a new stake in APA during the second quarter worth approximately $33,000. Finally, Camelot Portfolios LLC bought a new stake in APA during the fourth quarter worth approximately $37,000. 83.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on APA shares. Roth Capital set a $39.00 price objective on APA in a research report on Thursday, August 6th. Sanford C. Bernstein boosted their target price on APA from $37.00 to $40.00 and gave the company a “market perform” rating in a research report on Wednesday, May 20th. Argus raised APA from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Wednesday. JPMorgan Chase & Co. increased their price target on APA from $38.00 to $41.00 in a report on Friday, May 8th. Finally, KeyCorp set a $46.00 price target on APA in a research report on Wednesday, August 12th. Ten equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, APA has a consensus rating of “Hold” and a consensus target price of $41.50.

APA Stock Up 2.5%

Shares of NASDAQ:APA opened at $43.45 on Thursday. The firm has a market capitalization of $15.22 billion, a PE ratio of 9.19 and a beta of 0.35. The business has a 50 day simple moving average of $35.69 and a two-hundred day simple moving average of $35.61. APA Corporation has a 1 year low of $19.96 and a 1 year high of $45.66. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.95 and a quick ratio of 0.95.

APA (NASDAQ:APA) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $1.89 earnings per share for the quarter, missing the consensus estimate of $1.90 by ($0.01). APA had a return on equity of 24.84% and a net margin of 19.48%.The business had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.46 billion. During the same quarter in the previous year, the company posted $0.87 earnings per share. On average, equities analysts predict that APA Corporation will post 5.25 EPS for the current year.

APA Profile

APA Corporation (NASDAQ: APA) is an independent exploration and production company engaged in the acquisition, development and production of oil and natural gas resources. The company operates through three core regions: the United States, Egypt and the North Sea. Through its integrated approach, APA combines geological and geophysical expertise with technical innovation to identify and develop hydrocarbons in both onshore and offshore settings.

In the United States, APA’s largest position is in the Permian Basin of West Texas and southeastern New Mexico, where it holds substantial acreage dedicated to oil-focused drilling and production.