Scotiabank analyst Paul Cheng maintained a Hold rating on APA (APA – Research Report) today and set a price target of $37.00. The company’s shares opened today at $31.19.
Cheng covers the Energy sector, focusing on stocks such as APA, Chevron, and Exxon Mobil. According to TipRanks, Cheng has an average return of 2.9% and a 48.21% success rate on recommended stocks.
In addition to Scotiabank, APA also received a Hold from Piper Sandler’s Mark Lear in a report issued today. However, on the same day, Bank of America Securities reiterated a Buy rating on APA (NASDAQ: APA).
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Based on APA’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.31 billion and a net profit of $459 million. In comparison, last year the company earned a revenue of $2.89 billion and had a net profit of $422 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:
- APA Corporation Announces Fourth-Quarter and Full-Year 2023 Financial and Operational Results
- Early notable gainers among liquid option names on February 21st
- Is APA a Buy, Before Earnings?
- Apache to pay $4M in civil penalties over clean air rule violations
- APA Corporation Declares Cash Dividend on Common Shares
