13 analysts have expressed a variety of opinions on APA APA over the past quarter, offering a diverse set of opinions from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 6 | 1 | 4 | 1 | 1 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 0 | 1 | 1 | 1 |
| 2M Ago | 1 | 0 | 0 | 0 | 0 |
| 3M Ago | 3 | 1 | 3 | 0 | 0 |
Analysts have recently evaluated APA and provided 12-month price targets. The average target is $43.54, accompanied by a high estimate of $61.00 and a low estimate of $31.00. This current average represents a 6.08% decrease from the previous average price target of $46.36.
Deciphering Analyst Ratings: An In-Depth Analysis
An in-depth analysis of recent analyst actions unveils how financial experts perceive APA. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Leo Mariani | Roth MKM | Raises | Buy | $39.00 | $37.00 |
| Neil Mehta | Goldman Sachs | Lowers | Sell | $31.00 | $35.00 |
| Neal Dingmann | Truist Securities | Maintains | Buy | $59.00 | - |
| William Janela | Mizuho | Lowers | Underperform | $34.00 | $36.00 |
| Mark Lear | Piper Sandler | Lowers | Neutral | $33.00 | $36.00 |
| Neal Dingmann | Truist Securities | Lowers | Buy | $59.00 | $64.00 |
| Biju Perincheril | Susquehanna | Lowers | Positive | $50.00 | $53.00 |
| John Freeman | Raymond James | Lowers | Strong Buy | $43.00 | $44.00 |
| Mark Lear | Piper Sandler | Lowers | Neutral | $36.00 | $42.00 |
| Paul Cheng | Scotiabank | Lowers | Sector Perform | $37.00 | $43.00 |
| John Freeman | Raymond James | Lowers | Strong Buy | $44.00 | $61.00 |
| Neal Dingmann | Truist Securities | Raises | Buy | $61.00 | $59.00 |
| Charles Meade | Johnson Rice | Announces | Hold | $40.00 | - |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to APA. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of APA compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of APA's stock. This comparison reveals trends in analysts' expectations over time.
Capture valuable insights into APA's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on APA analyst ratings.
About APA
Based in Houston, APA is an independent exploration and production company. It operates primarily in the US, Egypt, the North Sea, and Suriname. At year-end 2023, proved reserves totaled 807 million barrels of oil equivalent, with net reported production of 405 thousand boe/day that year (64% of which was oil and natural gas liquids, with the remainder natural gas).
Key Indicators: APA's Financial Health
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Decline in Revenue: Over the 3 months period, APA faced challenges, resulting in a decline of approximately -12.34% in revenue growth as of 31 December, 2023. This signifies a reduction in the company's top-line earnings. When compared to others in the Energy sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 81.82%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): APA's ROE excels beyond industry benchmarks, reaching 94.99%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 12.32%, the company showcases effective utilization of assets.
Debt Management: APA's debt-to-equity ratio surpasses industry norms, standing at 2.0. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
Understanding the Relevance of Analyst Ratings
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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