Johnson Rice began coverage on shares of Apergy (NYSE:APY) in a research report report published on Thursday, MarketBeat.com reports. The firm issued an accumulate rating and a $38.00 price target on the stock.
APY has been the subject of a number of other research reports. Zacks Investment Research lowered Apergy from a hold rating to a sell rating in a report on Thursday, January 3rd. Citigroup reduced their price target on shares of Apergy from $47.00 to $46.00 and set a buy rating for the company in a research report on Friday, November 2nd. Bank of America initiated coverage on shares of Apergy in a report on Monday, December 3rd. They issued a buy rating and a $40.00 price objective for the company. Wolfe Research started coverage on shares of Apergy in a research report on Wednesday, October 10th. They set an outperform rating for the company. Finally, Cowen reaffirmed a hold rating and set a $40.00 price objective on shares of Apergy in a research report on Monday, December 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $42.75.
APY traded down $0.27 during midday trading on Thursday, reaching $31.36. 508,158 shares of the company’s stock traded hands, compared to its average volume of 666,270. Apergy has a 52 week low of $25.85 and a 52 week high of $46.11. The company has a quick ratio of 1.46, a current ratio of 2.47 and a debt-to-equity ratio of 0.71.
Apergy (NYSE:APY) last released its quarterly earnings results on Wednesday, October 31st. The company reported $0.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.05. The firm had revenue of $316.47 million for the quarter, compared to the consensus estimate of $321.60 million. Apergy had a return on equity of 10.99% and a net margin of 11.29%. Research analysts anticipate that Apergy will post 1.43 EPS for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN acquired a new stake in shares of Apergy in the second quarter worth $7,780,000. Sei Investments Co. acquired a new stake in Apergy during the second quarter worth $646,000. SG Americas Securities LLC acquired a new stake in Apergy during the second quarter worth $618,000. Russell Investments Group Ltd. acquired a new stake in Apergy during the second quarter worth $4,102,000. Finally, Schwab Charles Investment Management Inc. acquired a new stake in Apergy during the second quarter worth $11,877,000. Institutional investors own 91.56% of the company’s stock.
Apergy Corporation provides engineered equipment and technologies that help companies drill for and produce oil and gas worldwide. The company operates through Production & Automation Technologies and Drilling Technologies segments. The Production & Automation Technologies segment offers artificial lift equipment and solutions, including rod pumping systems, electric submersible pump systems, progressive cavity pumps, and drive systems and plunger lifts, as well as automation equipment, software, and industrial Internet of things solutions for downhole monitoring, wellsite productivity enhancement, and asset integrity management.
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