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Benchmark Co. Gives a Buy Rating to APA (APA)

Tipranks - Tipranks - Fri Mar 6, 6:47AM CST

In a report released today, Subash Chandra from Benchmark Co. assigned a Buy rating to APA, with a price target of $40.00.

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Chandra covers the Energy sector, focusing on stocks such as Antero Resources, Sable Offshore, and APA. According to TipRanks, Chandra has an average return of 10.5% and a 50.28% success rate on recommended stocks.

In addition to Benchmark Co., APA also received a Buy from William Blair’s Neal Dingmann in a report issued on February 26. However, today, UBS maintained a Hold 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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