Susquehanna Lowers APA (NASDAQ:APA) Price Target to $30.00

APA (NASDAQ:APA - Free Report) had its price target cut by Susquehanna from $31.00 to $30.00 in a research report released on Tuesday morning, MarketBeat reports. They currently have a positive rating on the stock.

A number of other research analysts have also recently commented on the company. Raymond James cut APA from a "strong-buy" rating to an "outperform" rating and reduced their price objective for the stock from $45.00 to $32.00 in a research note on Monday, March 10th. Barclays dropped their price objective on shares of APA from $27.00 to $25.00 and set an "equal weight" rating on the stock in a research note on Tuesday, March 18th. The Goldman Sachs Group reaffirmed a "sell" rating and set a $23.00 price target on shares of APA in a report on Wednesday, March 19th. JPMorgan Chase & Co. cut their price objective on shares of APA from $23.00 to $20.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. Finally, Morgan Stanley set a $20.00 target price on APA and gave the company an "underweight" rating in a research note on Tuesday, April 15th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $25.79.

APA Trading Up 0.6 %

APA stock traded up $0.09 during trading on Tuesday, reaching $16.35. 4,636,640 shares of the stock traded hands, compared to its average volume of 6,851,839. The firm has a market capitalization of $5.91 billion, a PE ratio of 2.31 and a beta of 2.74. APA has a 52-week low of $13.58 and a 52-week high of $33.41. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.24 and a quick ratio of 1.24. The business's 50 day moving average price is $18.71 and its 200-day moving average price is $21.58.

APA (NASDAQ:APA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.18). APA had a net margin of 24.36% and a return on equity of 27.86%. The business had revenue of $2.50 billion during the quarter, compared to analysts' expectations of $2.31 billion. As a group, sell-side analysts forecast that APA will post 4.03 earnings per share for the current year.

APA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Tuesday, April 22nd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.12%. The ex-dividend date is Tuesday, April 22nd. APA's dividend payout ratio is presently 44.25%.

Hedge Funds Weigh In On APA

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Brown Brothers Harriman & Co. lifted its holdings in shares of APA by 1,087.9% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,176 shares of the company's stock worth $27,000 after purchasing an additional 1,077 shares during the last quarter. Riverview Trust Co lifted its stake in APA by 5,718.2% in the fourth quarter. Riverview Trust Co now owns 1,280 shares of the company's stock valued at $30,000 after buying an additional 1,258 shares during the last quarter. Golden State Wealth Management LLC boosted its holdings in shares of APA by 2,709.8% during the first quarter. Golden State Wealth Management LLC now owns 1,433 shares of the company's stock valued at $30,000 after acquiring an additional 1,382 shares during the period. Wilmington Savings Fund Society FSB grew its position in shares of APA by 77.9% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company's stock worth $31,000 after acquiring an additional 586 shares during the last quarter. Finally, Rakuten Securities Inc. lifted its position in APA by 499.2% in the 1st quarter. Rakuten Securities Inc. now owns 1,546 shares of the company's stock valued at $32,000 after purchasing an additional 1,288 shares during the last quarter. 83.01% of the stock is currently owned by institutional investors and hedge funds.

About APA

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.