APA (NASDAQ:APA - Free Report) had its price objective trimmed by Barclays from $27.00 to $25.00 in a research note published on Tuesday,Benzinga reports. The firm currently has an equal weight rating on the stock.
Several other research firms have also recently weighed in on APA. Citigroup reduced their price objective on APA from $24.00 to $20.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Piper Sandler reduced their target price on shares of APA from $26.00 to $23.00 and set a "neutral" rating for the company in a report on Tuesday, December 17th. UBS Group cut their price objective on shares of APA from $28.00 to $27.00 and set a "neutral" rating for the company in a research report on Monday, December 9th. Mizuho decreased their target price on APA from $25.00 to $24.00 and set an "underperform" rating on the stock in a research report on Monday, December 16th. Finally, The Goldman Sachs Group dropped their price target on APA from $25.00 to $22.00 and set a "sell" rating for the company in a report on Friday, January 3rd. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, APA has a consensus rating of "Hold" and an average price target of $28.60.
Check Out Our Latest Stock Analysis on APA
APA Trading Up 0.2 %
Shares of APA traded up $0.04 during trading hours on Tuesday, reaching $20.61. The stock had a trading volume of 12,391,746 shares, compared to its average volume of 6,479,166. The firm has a 50-day moving average of $21.97 and a 200 day moving average of $23.08. 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 company has a market cap of $7.50 billion, a P/E ratio of 2.91 and a beta of 3.26. APA has a 52 week low of $17.66 and a 52 week high of $36.05.
APA (NASDAQ:APA - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.79 earnings per share 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 company had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.31 billion. On average, sell-side analysts expect that APA will post 4.03 earnings per share for the current fiscal year.
APA Announces Dividend
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 paid a $0.25 dividend. The ex-dividend date is Tuesday, April 22nd. This represents a $1.00 annualized dividend and a yield of 4.85%. APA's dividend payout ratio is currently 44.25%.
Institutional Investors Weigh In On APA
Institutional investors and hedge funds have recently modified their holdings of the company. Janney Montgomery Scott LLC lifted its stake in APA by 22.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 65,071 shares of the company's stock worth $1,503,000 after purchasing an additional 12,077 shares in the last quarter. US Bancorp DE grew its position 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 buying an additional 1,010 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in APA by 4.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,991,513 shares of the company's stock worth $293,312,000 after acquiring an additional 485,291 shares during the last quarter. Baader Bank Aktiengesellschaft raised its holdings in shares of APA by 175.8% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 23,500 shares of the company's stock valued at $543,000 after acquiring an additional 14,980 shares in the last quarter. Finally, HITE Hedge Asset Management LLC bought a new stake in shares of APA during the 3rd quarter valued at about $7,238,000. 83.01% of the stock is owned by hedge funds and other institutional investors.
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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