APA (APA) Gets a Hold from Barclays

In a report released today, Betty Jiang from Barclays maintained a Hold rating on APA, with a price target of $35.00.

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According to TipRanks, Jiang is a 4-star analyst with an average return of 4.6% and a 50.00% success rate. Jiang covers the Energy sector, focusing on stocks such as Diamondback, Exxon Mobil, and APA.

In addition to Barclays, APA also received a Hold from RBC Capital’s Scott Hanold in a report issued on April 15. However, on the same day, William Blair maintained 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 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.