The Latest Analyst Ratings For APA
Portfolio Pulse from Benzinga Insights
Analysts have provided diverse opinions on APA (NASDAQ:APA) with 11 analysts offering ratings ranging from bullish to bearish. Over the past quarter, sentiments have shifted, with the current average 12-month price target for APA being $45.64, down 11.38% from the previous $51.50. Analysts from firms like Raymond James, UBS, Wells Fargo, Citigroup, RBC Capital, Piper Sandler, Benchmark, Mizuho, Susquehanna, and Bernstein have adjusted their ratings and price targets, mostly lowering them. APA, an independent exploration and production company, has faced a revenue decline of -20.06% over the past 3 months but has strong profitability indicators such as a net margin of 19.89% and ROE of 51.37%. However, the company has a high debt-to-equity ratio of 5.28, indicating potential financial strain.
January 05, 2024 | 6:00 pm
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Analysts have lowered their price targets for APA, indicating a bearish sentiment. The company has strong profitability metrics but is challenged by a significant revenue decline and high debt levels.
The lowering of price targets by multiple analysts suggests a negative outlook for APA's stock price in the short term. The company's strong profitability metrics such as net margin and ROE are positive indicators, but the recent revenue decline and high debt-to-equity ratio may overshadow these strengths and contribute to potential stock price decline.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100