J.P. Morgan Reaffirms Their Hold Rating on APA (APA)
J.P. Morgan analyst Arun Jayaram maintained a Hold rating on APA yesterday and set a price target of $38.00. The company’s shares closed yesterday at $41.32.
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Jayaram covers the Energy sector, focusing on stocks such as Conocophillips, Murphy Oil, and Exxon Mobil. According to TipRanks, Jayaram has an average return of 14.6% and a 63.29% success rate on recommended stocks.
In addition to J.P. Morgan, APA also received a Hold from Roth MKM’s Leo Mariani in a report issued on March 24. However, on March 21, TipRanks – Google reiterated a Buy rating on APA (NASDAQ: APA).
Based on APA’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.99 billion and a net profit of $279 million. In comparison, last year the company earned a revenue of $2.71 billion and had a net profit of $354 million
Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of APA in relation to earlier this year. Earlier this month, Matthew Regis Bob, a Director at APA sold 23,000.00 shares for a total of $833,290.00.
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