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Piper Sandler Sticks to Their Hold Rating for APA (APA)

Tipranks - Tipranks - Thu Jan 22, 6:24AM CST

In a report released today, Mark Lear from Piper Sandler maintained a Hold rating on APA, with a price target of $23.00.

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Lear covers the Energy sector, focusing on stocks such as Coterra Energy, Devon Energy, and APA. According to TipRanks, Lear has an average return of 3.0% and a 52.22% success rate on recommended stocks.

In addition to Piper Sandler, APA also received a Hold from Barclays’s Betty Jiang in a report issued on January 7. However, on January 16, Bank of America Securities reiterated a Sell rating on APA (NASDAQ: APA).

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Based on APA’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.12 billion and a net profit of $205 million. In comparison, last year the company earned a revenue of $2.53 billion and had a GAAP net loss of $223 million

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