Denali Advisors LLC Has $655,000 Stock Holdings in APA Corporation $APA

Denali Advisors LLC grew its holdings in APA Corporation (NASDAQ:APA) by 175.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,125 shares of the company’s stock after acquiring an additional 12,819 shares during the period. Denali Advisors LLC’s holdings in APA were worth $655,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of APA. Hollencrest Capital Management lifted its stake in shares of APA by 520.8% in the 1st quarter. Hollencrest Capital Management now owns 596 shares of the company’s stock valued at $25,000 after purchasing an additional 500 shares during the last quarter. Cedar Mountain Advisors LLC bought a new position in shares of APA in the 1st quarter valued at approximately $28,000. Summit Securities Group LLC raised its stake in shares of APA by 115.1% in the 4th quarter. Summit Securities Group LLC now owns 1,327 shares of the company’s stock valued at $32,000 after acquiring an additional 710 shares in the last quarter. MidFirst Bank acquired a new stake in APA in the 2nd quarter worth approximately $33,000. Finally, Gables Capital Management Inc. acquired a new stake in APA in the 2nd quarter worth approximately $36,000. Institutional investors and hedge funds own 83.01% of the company’s stock.

Wall Street Analyst Weigh In

APA has been the topic of several analyst reports. Sanford C. Bernstein increased their price target on APA from $37.00 to $40.00 and gave the company a “market perform” rating in a report on Wednesday, May 20th. Mizuho upgraded shares of APA to a “strong sell” rating in a research note on Friday, July 31st. Truist Financial upped their price target on shares of APA from $38.00 to $39.00 and gave the company a “hold” rating in a report on Monday, August 10th. Stephens increased their target price on APA from $43.00 to $47.00 in a research note on Wednesday, June 10th. Finally, BMO Capital Markets lowered their target price on APA from $47.00 to $45.00 and set a “market perform” rating on the stock in a report on Wednesday, May 13th. Ten research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $41.50.

APA Stock Performance

NASDAQ:APA opened at $44.39 on Friday. APA Corporation has a 1 year low of $19.96 and a 1 year high of $45.66. The firm has a 50 day moving average of $35.85 and a 200-day moving average of $35.74. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $15.55 billion, a P/E ratio of 9.38 and a beta of 0.35.

APA (NASDAQ:APA) last released its quarterly earnings results on Wednesday, August 5th. The company reported $1.89 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter last year, the company earned $0.87 earnings per share. As a group, sell-side analysts anticipate that APA Corporation will post 5.27 EPS for the current fiscal year.

APA Company 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.