Newbridge Financial Services Group Inc. Has $146,000 Stock Holdings in APA Co. (NASDAQ:APA)

Newbridge Financial Services Group Inc. lifted its holdings in shares of APA Co. (NASDAQ:APA) by 49.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,250 shares of the company’s stock after buying an additional 1,400 shares during the period. Newbridge Financial Services Group Inc.’s holdings in APA were worth $146,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Lido Advisors LLC raised its holdings in shares of APA by 1.2% in the 3rd quarter. Lido Advisors LLC now owns 21,901 shares of the company’s stock valued at $900,000 after purchasing an additional 266 shares during the period. DNB Asset Management AS raised its holdings in APA by 0.6% in the 4th quarter. DNB Asset Management AS now owns 49,846 shares of the company’s stock valued at $1,788,000 after acquiring an additional 308 shares during the period. HB Wealth Management LLC raised its holdings in APA by 5.0% in the 4th quarter. HB Wealth Management LLC now owns 6,528 shares of the company’s stock valued at $234,000 after acquiring an additional 309 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in APA by 1.5% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 25,029 shares of the company’s stock valued at $898,000 after acquiring an additional 358 shares during the period. Finally, Quent Capital LLC raised its holdings in APA by 64.0% in the 4th quarter. Quent Capital LLC now owns 961 shares of the company’s stock valued at $34,000 after acquiring an additional 375 shares during the period. 83.01% of the stock is currently owned by institutional investors and hedge funds.

APA Stock Down 0.6 %

Shares of NASDAQ APA traded down $0.18 during trading on Tuesday, hitting $30.72. 5,111,977 shares of the company traded hands, compared to its average volume of 6,654,572. The business’s fifty day moving average is $32.54 and its 200 day moving average is $33.15. APA Co. has a fifty-two week low of $28.90 and a fifty-two week high of $46.15. The firm has a market capitalization of $11.40 billion, a price-to-earnings ratio of 3.44 and a beta of 3.29. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.16 and a current ratio of 1.16.

APA (NASDAQ:APA) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.12). APA had a net margin of 34.04% and a return on equity of 45.32%. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the prior year, the company posted $1.19 EPS. APA’s revenue for the quarter was down 2.8% on a year-over-year basis. Equities research analysts predict that APA Co. will post 4.64 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on APA shares. Susquehanna increased their price target on shares of APA from $54.00 to $57.00 and gave the company a “positive” rating in a report on Tuesday, May 7th. Piper Sandler lowered their target price on shares of APA from $35.00 to $33.00 and set a “neutral” rating on the stock in a report on Tuesday, May 14th. Roth Mkm raised their target price on shares of APA from $37.00 to $39.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Raymond James lowered their target price on shares of APA from $44.00 to $43.00 and set a “strong-buy” rating on the stock in a report on Wednesday, January 24th. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $28.00 target price on shares of APA in a report on Monday, April 15th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $42.25.

APA Profile

APA Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids. It has oil and gas operations in the United States, Egypt, and North Sea. The company also has exploration and appraisal activities in Suriname, as well as holds interests in projects located in Uruguay and internationally.