RBC Capital Reaffirms Their Hold Rating on APA (APA)

In a report released today, Scott Hanold from RBC Capital maintained a Hold rating on APA, with a price target of $45.00.

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Hanold covers the Energy sector, focusing on stocks such as Northern Oil And Gas, EQT, and APA. According to TipRanks, Hanold has an average return of 24.5% and a 70.23% success rate on recommended stocks.

APA has an analyst consensus of Hold, with a price target consensus of $35.53.

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 32 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. Last month, Matthew Regis Bob, a Director at APA sold 23,000.00 shares for a total of $833,290.00.