Morgan Stanley Sticks to Their Sell Rating for APA (APA)
Morgan Stanley analyst Devin McDermott maintained a Sell rating on APA today and set a price target of $37.90.
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McDermott covers the Energy sector, focusing on stocks such as Expand Energy, APA, and Devon Energy. According to TipRanks, McDermott has an average return of 11.2% and a 59.27% success rate on recommended stocks.
APA has an analyst consensus of Hold, with a price target consensus of $35.31.
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.
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