APA (NASDAQ:APA - Free Report) had its target price lifted by Piper Sandler from $33.00 to $35.00 in a report released on Friday morning, Benzinga reports. They currently have a neutral rating on the stock.
Other equities research analysts have also issued research reports about the company. JPMorgan Chase & Co. upped their target price on APA from $38.00 to $40.00 and gave the company a neutral rating in a research report on Thursday, April 11th. Johnson Rice cut shares of APA from a buy rating to a hold rating and set a $40.00 target price for the company. in a report on Friday, January 5th. Barclays began coverage on shares of APA in a research report on Wednesday, April 10th. They set an equal weight rating and a $40.00 target price for the company. The Goldman Sachs Group cut their price target on APA from $35.00 to $31.00 and set a sell rating on the stock in a research report on Tuesday, March 26th. Finally, Royal Bank of Canada reissued a sector perform rating and issued a $45.00 price objective on shares of APA in a report on Monday, April 8th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of Hold and an average price target of $41.90.
View Our Latest Stock Report on APA
APA Stock Down 0.2 %
APA traded down $0.07 during trading on Friday, hitting $32.36. The stock had a trading volume of 4,814,358 shares, compared to its average volume of 6,899,692. The stock has a 50 day simple moving average of $32.37 and a two-hundred day simple moving average of $34.67. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.02 and a current ratio of 1.02. APA has a twelve month low of $29.47 and a twelve month high of $46.15. The company has a market capitalization of $9.74 billion, a PE ratio of 3.49 and a beta of 3.27.
APA (NASDAQ:APA - Get Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $1.15 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.18). APA had a net margin of 34.95% and a return on equity of 62.64%. The company had revenue of $2.17 billion during the quarter, compared to analysts' expectations of $2.07 billion. During the same period in the previous year, the business earned $1.48 earnings per share. The business's revenue for the quarter was down 12.3% compared to the same quarter last year. On average, research analysts predict that APA will post 4.85 earnings per share for the current year.
APA Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Monday, April 22nd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date is Friday, April 19th. APA's dividend payout ratio is presently 10.78%.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of APA. Lido Advisors LLC raised its holdings in shares of APA by 1.2% during the third quarter. Lido Advisors LLC now owns 21,901 shares of the company's stock valued at $900,000 after acquiring an additional 266 shares during the last quarter. DNB Asset Management AS lifted its stake in shares of APA by 0.6% in the fourth quarter. DNB Asset Management AS now owns 49,846 shares of the company's stock worth $1,788,000 after buying an additional 308 shares in the last quarter. HB Wealth Management LLC boosted its position in APA by 5.0% during the fourth quarter. HB Wealth Management LLC now owns 6,528 shares of the company's stock worth $234,000 after acquiring an additional 309 shares during the last quarter. Horizon Investments LLC boosted its position in APA by 7.1% during the second quarter. Horizon Investments LLC now owns 4,902 shares of the company's stock worth $166,000 after acquiring an additional 323 shares during the last quarter. Finally, Harbour Investments Inc. grew its stake in APA by 30.7% during the 2nd quarter. Harbour Investments Inc. now owns 1,453 shares of the company's stock valued at $50,000 after acquiring an additional 341 shares in the last quarter. Institutional investors and hedge funds own 83.01% of the company's stock.
About APA
(
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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.
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