APA (APA) Gets a Hold from UBS

In a report released on March 19, Josh Silverstein from UBS maintained a Hold rating on APA, with a price target of $44.00. The company’s shares closed last Friday at $38.06.

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Silverstein covers the Energy sector, focusing on stocks such as Ovintiv, Devon Energy, and APA. According to TipRanks, Silverstein has an average return of 12.2% and a 65.67% success rate on recommended stocks.

In addition to UBS, APA also received a Hold from Barclays’s Betty Jiang in a report issued today. However, on March 21, TipRanks – OpenAI reiterated a Buy rating on APA (NASDAQ: APA).

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

Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of APA in relation to earlier this year. Earlier this month, Matthew Regis Bob, a Director at APA sold 23,000.00 shares for a total of $833,290.00.