MicroVision MOVIA lidar gains support on NVIDIA DRIVE AGX platform
In a recent transaction, Joung Chansoo, a director at APA Corp (NASDAQ:APA), purchased 75,000 shares of the company, amounting to a total value of approximately $1.37 million. The timing appears strategic, as InvestingPro data shows the stock trading near its 52-week low, with a current market capitalization of $6.46 billion and an attractive P/E ratio of 7.91. The shares were acquired at a weighted average price of $18.2482 per share. This acquisition increases Chansoo’s total holdings to 140,285 shares. The transaction was executed in multiple trades, with prices ranging from $18.13 to $18.405 per share. According to InvestingPro analysis, APA currently appears undervalued, offering a compelling 4.71% dividend yield. For deeper insights into APA’s valuation and 16 additional ProTips, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Apache Corp . is drawing attention with several key developments. Benchmark analysts have reiterated their Buy rating on Apache, maintaining a price target of $33.00, while projecting a first-quarter earnings per share (EPS) of $0.90 and earnings before interest, taxes, depreciation, and amortization (EBITDA) of $1.33 billion. This projection is slightly above the consensus EPS of $0.77 but slightly below the consensus EBITDA of $1.36 billion. Meanwhile, Raymond (NSE:RYMD) James has downgraded Apache from Strong Buy to Outperform, adjusting the price target to $32.00 from $45.00, citing recent cost-cutting measures and a lack of immediate growth drivers as factors. Evercore ISI has also modified its outlook, reducing Apache’s price target from $30.00 to $25.00 while maintaining an In Line rating, highlighting the company’s focus on cost reductions and strategic operations in the Permian and Egypt.
Additionally, CFRA has adjusted its rating for Apache from Strong Sell to Sell, maintaining a $19.00 price target, with a revised 2025 EPS estimate of $3.52. This change reflects expectations for cost-saving initiatives and a recent gas price agreement in Egypt. Apache’s fourth-quarter EPS of $0.79 fell short of consensus by $0.16, yet CFRA anticipates a 3% increase in production for 2025, despite a planned 17% reduction in capital expenditure. These recent developments underscore the varied analyst perspectives on Apache’s financial and operational strategies.
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