APA (NASDAQ:APA) Given New $20.00 Price Target at Citigroup

APA (NASDAQ:APA - Free Report) had its price target cut by Citigroup from $24.00 to $20.00 in a research report sent to investors on Monday,Benzinga reports. They currently have a neutral rating on the stock.

Several other research analysts have also weighed in on the company. Susquehanna dropped their price target on APA from $33.00 to $31.00 and set a "positive" rating on the stock in a research report on Monday, March 3rd. Piper Sandler dropped their target price on APA from $26.00 to $23.00 and set a "neutral" rating on the stock in a research report on Tuesday, December 17th. JPMorgan Chase & Co. dropped their target price on APA from $23.00 to $20.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Wells Fargo & Company lowered APA from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $42.00 to $25.00 in a research report on Tuesday, December 17th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $32.00 target price on shares of APA in a research report on Thursday, January 23rd. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $28.60.

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APA Stock Down 0.8 %

NASDAQ:APA traded down $0.16 during trading hours on Monday, hitting $20.42. 1,692,897 shares of the company's stock traded hands, compared to its average volume of 6,434,367. The firm has a market cap of $7.43 billion, a P/E ratio of 2.88 and a beta of 3.26. APA has a twelve month low of $17.66 and a twelve month high of $36.05. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.24 and a current ratio of 1.24. The stock's fifty day moving average price is $22.03 and its two-hundred day moving average price is $23.14.

APA (NASDAQ:APA - Get Free Report) last posted 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). The business had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.31 billion. APA had a net margin of 24.36% and a return on equity of 27.86%. On average, research analysts expect that APA will post 4.03 earnings per share for the current fiscal year.

APA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Tuesday, April 22nd will be given a $0.25 dividend. The ex-dividend date is Tuesday, April 22nd. This represents a $1.00 annualized dividend and a dividend yield of 4.90%. APA's dividend payout ratio is currently 44.25%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Brown Brothers Harriman & Co. boosted its position 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. TD Private Client Wealth LLC lifted its holdings in APA by 84.1% during the third 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 in the last quarter. Riverview Trust Co lifted its holdings in APA by 5,718.2% during the fourth quarter. Riverview Trust Co now owns 1,280 shares of the company's stock worth $30,000 after acquiring an additional 1,258 shares in the last quarter. Wilmington Savings Fund Society FSB lifted its holdings in 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 in the last quarter. Finally, Runnymede Capital Advisors Inc. bought a new position in APA during the fourth quarter worth about $35,000. 83.01% of the stock is currently owned by institutional investors.

APA Company Profile

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.