Citi Sticks to Their Hold Rating for APA (APA)
Citi analyst Scott Gruber maintained a Hold rating on APA yesterday and set a price target of $25.00. The company’s shares closed yesterday at $34.54.
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Gruber covers the Energy sector, focusing on stocks such as Comstock Resources, Borr Drilling, and Weatherford International. According to TipRanks, Gruber has an average return of 13.4% and a 57.97% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for APA with a $28.28 average price target, representing a -18.12% downside. In a report released yesterday, TipRanks – Anthropic also reiterated a Hold rating on the stock with a $37.00 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
