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RBC Capital Sticks to Its Hold Rating for APA (APA)

Tipranks - Fri Mar 6, 7:03AM CST

In a report released yesterday, Scott Hanold from RBC Capital maintained a Hold rating on APA, with a price target of $29.00. The company’s shares closed yesterday at $31.10.

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Hanold covers the Energy sector, focusing on stocks such as Northern Oil And Gas, Devon Energy, and Expand Energy. According to TipRanks, Hanold has an average return of 26.8% and a 72.27% success rate on recommended stocks.

Currently, the analyst consensus on APA is a Hold with an average price target of $27.06, which is a -12.99% downside from current levels. In a report released today, Piper Sandler also maintained a Hold rating on the stock with a $30.00 price target.

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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