Vise Technologies Inc. Acquires New Holdings in APA Corporation $APA
I'm LongbridgeAI, I can summarize articles.Vise Technologies Inc. acquired a new stake in APA Corporation (NASDAQ:APA) during the second quarter, purchasing 52,537 shares valued at approximately $1.71 million, according to its SEC Form 13F filing. This move adds to recent institutional activity in APA, with other firms like Hollencrest Capital Management and MidFirst Bank also increasing holdings. Meanwhile, analyst sentiment remains mixed; while Argus upgraded APA to Buy and Zacks raised earnings forecasts, Morgan Stanley lowered its target price. The stock currently holds an average 'Hold' rating with a consensus target of $41.50.
Vise Technologies Inc. bought a new stake in shares of APA Corporation (NASDAQ:APA - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 52,537 shares of the company's stock, valued at approximately $1,711,000.
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Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Hollencrest Capital Management grew its holdings in APA by 520.8% in the 1st quarter. Hollencrest Capital Management now owns 596 shares of the company's stock worth $25,000 after buying an additional 500 shares in the last quarter. Cedar Mountain Advisors LLC bought a new stake in APA during the 1st quarter valued at $28,000. MidFirst Bank bought a new stake in APA during the 2nd quarter valued at $33,000. Global Assets Advisory LLC bought a new stake in APA during the 1st quarter valued at $44,000. Finally, Gables Capital Management Inc. acquired a new position in APA during the 2nd quarter worth $36,000. Institutional investors own 83.01% of the company's stock.
APA Stock Performance
Shares of NASDAQ APA opened at $43.39 on Friday. The stock has a fifty day moving average price of $35.97 and a two-hundred day moving average price of $35.79. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market cap of $15.20 billion, a P/E ratio of 9.17, a PEG ratio of 0.80 and a beta of 0.35. APA Corporation has a 1 year low of $20.71 and a 1 year high of $45.66.
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APA (NASDAQ:APA - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.89 EPS for the quarter, missing analysts' consensus estimates of $1.90 by ($0.01). The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.46 billion. APA had a return on equity of 24.84% and a net margin of 19.48%.During the same period in the prior year, the firm posted $0.87 EPS. Research analysts forecast that APA Corporation will post 5.54 EPS for the current fiscal year.
More APA News
Here are the key news stories impacting APA this week:
- Positive Sentiment: Argus upgraded APA to Buy, providing a stronger analyst endorsement for the oil and gas producer and potentially supporting investor sentiment. APA Raised to Buy at Argus
- Positive Sentiment: Zacks Research raised multiple earnings forecasts: FY2026 EPS increased to $4.40 from $4.22, FY2027 to $3.16 from $2.99, FY2028 to $3.59 from $3.38, Q1 2027 to $0.94 from $0.84, Q3 2027 to $0.72 from $0.68, and Q4 2027 to $0.73 from $0.69. These revisions indicate improved expectations for APA’s medium-term earnings performance.
- Neutral Sentiment: Zacks maintained a Hold rating despite the higher estimates. The revisions remain below the consensus full-year estimate of $5.27 EPS for the current fiscal year, suggesting analysts see upside in longer-term forecasts but not enough evidence for a more decisive rating change. APA analyst estimates
- Negative Sentiment: Q1 2028 EPS expectations were reduced to $0.99 from $1.03, partially offsetting the broader upward revisions and highlighting uncertainty around future commodity prices, production levels, and operating costs.
Analyst Ratings Changes
A number of research analysts have recently commented on APA shares. Stephens raised their price target on APA from $43.00 to $47.00 in a report on Wednesday, June 10th. JPMorgan Chase & Co. lifted their price objective on shares of APA from $38.00 to $41.00 in a research note on Friday, May 8th. Morgan Stanley reduced their price objective on shares of APA from $44.00 to $41.00 and set an "underweight" rating for the company in a report on Friday, June 26th. Susquehanna increased their target price on shares of APA from $45.00 to $47.00 and gave the company a "positive" rating in a research report on Tuesday, August 11th. Finally, Raymond James Financial lowered their target price on shares of APA from $57.00 to $50.00 and set an "outperform" rating on the stock in a research note on Monday, July 13th. Ten investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $41.50.
Check Out Our Latest Report on APA
APA Company Profile
(Free Report)APA Corporation NASDAQ: APA is an independent exploration and production company engaged in the acquisition, development and production of oil and natural gas resources. The company operates through three core regions: the United States, Egypt and the North Sea. Through its integrated approach, APA combines geological and geophysical expertise with technical innovation to identify and develop hydrocarbons in both onshore and offshore settings.
In the United States, APA's largest position is in the Permian Basin of West Texas and southeastern New Mexico, where it holds substantial acreage dedicated to oil-focused drilling and production.
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Want to see what other hedge funds are holding APA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for APA Corporation (NASDAQ:APA - Free Report).
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