In a report released today, Biju Perincheril from Susquehanna maintained a Buy rating on APA (APA – Research Report), with a price target of $57.00. The company’s shares opened today at $29.93.
According to TipRanks, Perincheril is a 5-star analyst with an average return of 9.6% and a 50.58% success rate. Perincheril covers the Energy sector, focusing on stocks such as APA, Coterra Energy, and Hess.
In addition to Susquehanna, APA also received a Buy from Truist Financial’s Neal Dingmann in a report issued yesterday. However, on the same day, Scotiabank maintained a Hold 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 $1.89 billion and a net profit of $1.77 billion. In comparison, last year the company earned a revenue of $2.38 billion and had a net profit of $443 million
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APA (APA) Company Description:
Apache Corp. operates as an energy company, which engages in the exploration, development, and production of natural gas, crude oil, and natural gas liquids. The company was founded by Truman Anderson, Raymond Plank, and Charles Arnao on December 6, 1954 and is headquartered in Houston, TX.
Read More on APA:
- Apache Corporation Tree Grant Program Opens U.S. Applications for 2024-2025 Planting Season
- Apache call volume above normal and directionally bullish
- APA Corp. price target lowered to $32 from $34 at Mizuho
- APA Corp. price target lowered to $38 from $40 at Barclays
- APA Corp. reports Q1 adjusted EPS 78c, consensus 94c
