Shares of APA Co. (NYSE:APA – Get Rating) dropped 9% during mid-day trading on Thursday . The company traded as low as $31.22 and last traded at $31.32. Approximately 235,972 shares were traded during mid-day trading, a decline of 97% from the average daily volume of 9,372,102 shares. The stock had previously closed at $34.43.
Analyst Upgrades and Downgrades
APA has been the topic of a number of research analyst reports. Barclays upped their target price on shares of APA from $53.00 to $56.00 and gave the company an “overweight” rating in a report on Friday, April 22nd. Piper Sandler dropped their target price on shares of APA from $54.00 to $47.00 and set a “neutral” rating on the stock in a report on Friday, July 22nd. MKM Partners reiterated a “buy” rating and issued a $45.00 price target on shares of APA in a research note on Wednesday, July 20th. Morgan Stanley upped their price target on shares of APA from $41.00 to $57.00 and gave the company an “overweight” rating in a research note on Friday, April 22nd. Finally, Susquehanna Bancshares decreased their price target on shares of APA from $52.00 to $49.00 and set a “positive” rating on the stock in a research note on Friday. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $51.08.
APA Trading Up 3.5 %
The company has a 50-day moving average of $38.48.
APA Company Profile
APA Corporation, through its subsidiaries, explores for, develops, and produces oil and gas properties. It has operations in the United States, Egypt, and the United Kingdom, as well as has exploration activities offshore Suriname. The company also operates gathering, processing, and transmission assets in West Texas, as well as holds ownership in four Permian-to-Gulf Coast pipelines.
- Get a free copy of the StockNews.com research report on APA (APA)
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