APA Group (APAJF) Receives a Buy from Jarden

In a report released on May 19, Nik Burns from Jarden maintained a Buy rating on APA Group (APAJF – Research Report), with a price target of A$8.85. The company’s shares closed last Monday at $5.31.

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Burns covers the Energy sector, focusing on stocks such as Amplitude Energy, Beach Energy , and Carnarvon Energy Limited. According to TipRanks, Burns has an average return of -0.6% and a 47.17% success rate on recommended stocks.

Currently, the analyst consensus on APA Group is a Moderate Buy with an average price target of $5.16.

Based on APA Group’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.62 billion and a net profit of $18 million. In comparison, last year the company earned a revenue of $1.5 billion and had a net profit of $1.04 billion

Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of APAJF in relation to earlier this year.