Shares of APA Co. (NASDAQ:APA - Get Free Report) have earned a consensus rating of "Hold" from the nineteen ratings firms that are presently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $25.21.
Several analysts have weighed in on the company. Citigroup upped their target price on APA from $15.00 to $18.00 and gave the company a "neutral" rating in a report on Monday, May 19th. The Goldman Sachs Group reissued a "sell" rating and issued a $23.00 target price on shares of APA in a report on Wednesday, March 19th. JPMorgan Chase & Co. lowered their target price on APA from $23.00 to $20.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. Morgan Stanley upped their target price on APA from $20.00 to $21.00 and gave the company an "underweight" rating in a report on Friday, May 23rd. Finally, Raymond James reissued an "outperform" rating and issued a $25.00 target price (up previously from $23.00) on shares of APA in a report on Friday, May 30th.
Check Out Our Latest Analysis on APA
APA Trading Up 3.6%
Shares of APA stock opened at $18.50 on Friday. The business's fifty day moving average price is $16.57 and its 200 day moving average price is $20.18. APA has a 1-year low of $13.58 and a 1-year high of $33.41. The firm has a market capitalization of $6.69 billion, a PE ratio of 2.61 and a beta of 1.18. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.24 and a quick ratio of 1.24.
APA (NASDAQ:APA - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $1.06 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.23. APA had a return on equity of 27.86% and a net margin of 24.36%. The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the prior year, the company posted $0.78 earnings per share. APA's quarterly revenue was up 35.1% on a year-over-year basis. As a group, sell-side analysts forecast that APA will post 4.03 EPS for the current fiscal year.
APA Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Tuesday, July 22nd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, July 22nd. This represents a $1.00 annualized dividend and a yield of 5.41%. APA's dividend payout ratio (DPR) is presently 35.97%.
Hedge Funds Weigh In On APA
Large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its position in APA by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 9,507,956 shares of the company's stock worth $219,016,000 after buying an additional 200,770 shares during the period. US Bancorp DE increased its stake in APA by 2.2% during the fourth quarter. US Bancorp DE now owns 47,719 shares of the company's stock worth $1,102,000 after acquiring an additional 1,010 shares during the last quarter. Tobam increased its stake in APA by 354.7% during the fourth quarter. Tobam now owns 15,124 shares of the company's stock worth $349,000 after acquiring an additional 11,798 shares during the last quarter. New York State Teachers Retirement System increased its stake in APA by 7.7% during the fourth quarter. New York State Teachers Retirement System now owns 400,409 shares of the company's stock worth $9,245,000 after acquiring an additional 28,664 shares during the last quarter. Finally, D.A. Davidson & CO. acquired a new stake in APA during the fourth quarter worth about $487,000. 83.01% of the stock is currently owned by hedge funds and other institutional investors.
APA Company Profile
(
Get Free ReportAPA 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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider APA, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and APA wasn't on the list.
While APA currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
