Piper Sandler reaffirmed their neutral rating on shares of APA (NASDAQ:APA - Free Report) in a report issued on Thursday morning, Marketbeat reports. Piper Sandler currently has a $21.00 price objective on the stock, up from their previous price objective of $19.00.
A number of other equities research analysts have also recently weighed in on APA. Raymond James Financial restated an "outperform" rating and set a $25.00 price objective (up from $23.00) on shares of APA in a research note on Friday, May 30th. JPMorgan Chase & Co. lifted their price objective on shares of APA from $19.00 to $20.00 and gave the company a "neutral" rating in a research note on Friday, July 11th. Royal Bank Of Canada set a $22.00 price objective on shares of APA and gave the company a "sector perform" rating in a research note on Monday. Morgan Stanley lifted their price objective on shares of APA from $20.00 to $21.00 and gave the company an "underweight" rating in a research note on Friday, May 23rd. Finally, Wells Fargo & Company cut their price objective on shares of APA from $23.00 to $20.00 and set an "equal weight" rating on the stock in a research note on Monday, June 16th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $24.53.
Read Our Latest Report on APA
APA Stock Down 0.1%
Shares of APA stock traded down $0.02 during mid-day trading on Thursday, reaching $18.82. 5,361,436 shares of the company were exchanged, compared to its average volume of 7,258,354. The company has a market capitalization of $6.81 billion, a P/E ratio of 6.77, a P/E/G ratio of 6.08 and a beta of 1.25. The business's 50 day simple moving average is $18.61 and its 200 day simple moving average is $19.65. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.89 and a current ratio of 0.89. APA has a fifty-two week low of $13.58 and a fifty-two week high of $33.41.
APA (NASDAQ:APA - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $1.06 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.23. The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.17 billion. APA had a net margin of 9.75% and a return on equity of 23.22%. The firm's revenue was up 35.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.78 earnings per share. Research analysts predict that APA will post 4.03 earnings per share for the current year.
APA Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Tuesday, July 22nd will be issued 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 5.31%. APA's payout ratio is presently 35.97%.
Hedge Funds Weigh In On APA
Several institutional investors and hedge funds have recently bought and sold shares of APA. Dimensional Fund Advisors LP grew its stake in APA by 46.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,080,787 shares of the company's stock valued at $190,876,000 after acquiring an additional 2,894,543 shares in the last quarter. Freestone Grove Partners LP purchased a new position in APA during the 4th quarter valued at about $30,767,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in APA by 29.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,297,871 shares of the company's stock valued at $122,328,000 after acquiring an additional 1,195,212 shares in the last quarter. Nuveen LLC bought a new stake in shares of APA in the 1st quarter valued at approximately $22,533,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of APA by 8.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 13,932,980 shares of the company's stock valued at $292,871,000 after buying an additional 1,046,893 shares in the last quarter. Hedge funds and other institutional investors own 83.01% of the company's stock.
APA Company Profile
(
Get Free Report)
APA 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
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
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
