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Morgan Stanley Reaffirms Their Sell Rating on APA (APA)

Tipranks - Tipranks - Sat Feb 28, 8:04AM CST

Morgan Stanley analyst Devin McDermott maintained a Sell rating on APA today and set a price target of $22.00.

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According to TipRanks, McDermott is a 5-star analyst with an average return of 12.3% and a 60.08% success rate. McDermott covers the Energy sector, focusing on stocks such as Devon Energy, Chevron, and Exxon Mobil.

In addition to Morgan Stanley, APA also received a Sell from Mizuho Securities’s William Janela in a report issued yesterday. However, on the same day, TipRanks – OpenAI reiterated a Buy rating on APA (NASDAQ: APA).

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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

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