APA Co. (NASDAQ:APA - Get Free Report) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $13.58 and last traded at $16.71, with a volume of 16521780 shares. The stock had previously closed at $14.03.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on the company. Piper Sandler reduced their target price on APA from $26.00 to $23.00 and set a "neutral" rating for the company in a report on Tuesday, December 17th. The Goldman Sachs Group reiterated a "sell" rating and set a $23.00 target price on shares of APA in a research note on Wednesday, March 19th. Susquehanna reduced their price target on shares of APA from $33.00 to $31.00 and set a "positive" rating for the company in a research report on Monday, March 3rd. JPMorgan Chase & Co. lowered their price objective on shares of APA from $23.00 to $20.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Finally, Mizuho reduced their target price on shares of APA from $25.00 to $24.00 and set an "underperform" rating for the company in a research report on Monday, December 16th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $26.58.
Read Our Latest Analysis on APA
APA Price Performance
The stock's 50 day moving average price is $19.95 and its 200-day moving average price is $22.20. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $5.49 billion, a PE ratio of 2.12 and a beta of 2.74.
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 the consensus estimate of $2.31 billion. As a group, equities analysts forecast that APA Co. will post 4.03 EPS for the current year.
APA Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Tuesday, April 22nd will be issued a dividend of $0.25 per share. The ex-dividend date is Tuesday, April 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 6.63%. APA's dividend payout ratio is currently 44.25%.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its holdings in shares of APA by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 9,507,956 shares of the company's stock valued at $219,016,000 after buying an additional 200,770 shares during the period. Janney Montgomery Scott LLC lifted its holdings in APA by 22.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 65,071 shares of the company's stock valued at $1,503,000 after acquiring an additional 12,077 shares during the period. US Bancorp DE boosted its position in APA by 2.2% in the 4th quarter. US Bancorp DE now owns 47,719 shares of the company's stock worth $1,102,000 after purchasing an additional 1,010 shares in the last quarter. Baader Bank Aktiengesellschaft grew its stake in shares of APA by 175.8% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 23,500 shares of the company's stock worth $543,000 after purchasing an additional 14,980 shares during the period. Finally, PVG Asset Management Corp purchased a new position in shares of APA during the 3rd quarter valued at approximately $757,000. 83.01% of the stock is owned by institutional investors and hedge funds.
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.
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