Shares of APA Co. (NASDAQ:APA - Get Free Report) reached a new 52-week low during trading on Friday . The stock traded as low as $14.86 and last traded at $15.46, with a volume of 5252151 shares changing hands. The stock had previously closed at $17.74.
Analyst Upgrades and Downgrades
Several analysts have weighed in on the company. Piper Sandler dropped their price target on APA from $26.00 to $23.00 and set a "neutral" rating on the stock in a research note on Tuesday, December 17th. Raymond James downgraded APA from a "strong-buy" rating to an "outperform" rating and reduced their price objective for the company from $45.00 to $32.00 in a research note on Monday, March 10th. Morgan Stanley set a $22.00 target price on APA and gave the stock an "underweight" rating in a report on Wednesday, March 26th. Susquehanna dropped their price objective on shares of APA from $33.00 to $31.00 and set a "positive" rating for the company in a report on Monday, March 3rd. Finally, JPMorgan Chase & Co. decreased their price target on shares of APA from $23.00 to $20.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $27.68.
Read Our Latest Stock Report on APA
APA Trading Up 19.1 %
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 capitalization of $6.08 billion, a P/E ratio of 2.36 and a beta of 2.74. The business has a fifty day moving average price of $20.37 and a 200 day moving average price of $22.41.
APA (NASDAQ:APA - Get Free Report) last announced its quarterly earnings data 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). The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.31 billion. APA had a net margin of 24.36% and a return on equity of 27.86%. On average, analysts expect that APA Co. 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. Stockholders of record on Tuesday, April 22nd will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.98%. The ex-dividend date is Tuesday, April 22nd. APA's dividend payout ratio is presently 44.25%.
Institutional Trading of APA
Several hedge funds and other institutional investors have recently made changes to their positions in the company. ProShare Advisors LLC increased its position in shares of APA by 0.4% during the fourth quarter. ProShare Advisors LLC now owns 113,913 shares of the company's stock valued at $2,630,000 after acquiring an additional 449 shares in the last quarter. Van ECK Associates Corp boosted its position in APA by 0.6% in the fourth quarter. Van ECK Associates Corp now owns 77,110 shares of the company's stock worth $1,780,000 after purchasing an additional 469 shares during the last quarter. Nissay Asset Management Corp Japan ADV increased its holdings in APA by 1.1% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 46,063 shares of the company's stock valued at $1,018,000 after buying an additional 517 shares during the last quarter. TD Private Client Wealth LLC boosted its stake in shares of APA by 84.1% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company's stock worth $29,000 after acquiring an additional 540 shares during the last quarter. Finally, Asset Management One Co. Ltd. grew its position in shares of APA by 0.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 138,991 shares of the company's stock valued at $3,070,000 after acquiring an additional 544 shares during the period. 83.01% of the stock is currently owned by institutional investors.
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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