APA (APA) Receives a Sell from Goldman Sachs
In a report released yesterday, Neil Mehta from Goldman Sachs maintained a Sell rating on APA, with a price target of $31.00. The company’s shares closed yesterday at $35.97.
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According to TipRanks, Mehta is a 5-star analyst with an average return of 11.0% and a 62.16% success rate. Mehta covers the Energy sector, focusing on stocks such as Permian Resources, Ovintiv, and Suncor Energy.
In addition to Goldman Sachs, APA also received a Sell from Morgan Stanley’s Devin McDermott in a report issued on April 17. However, yesterday, Truist Financial maintained a Hold 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.
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