APA (APA) Receives a Hold from Citi
Citi analyst Scott Gruber maintained a Hold rating on APA on March 27 and set a price target of $45.00. The company’s shares closed last Friday at $44.39.
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Gruber covers the Energy sector, focusing on stocks such as Comstock Resources, Patterson-UTI, and Weatherford International. According to TipRanks, Gruber has an average return of 13.4% and a 57.97% success rate on recommended stocks.
Currently, the analyst consensus on APA is a Hold with an average price target of $32.84, representing a -26.02% downside. In a report released today, TipRanks – Anthropic also reiterated a Hold rating on the stock with a $47.00 price target.
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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