APA (NASDAQ:APA - Free Report) had its target price lowered by Royal Bank of Canada from $27.00 to $24.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a sector perform rating on the stock.
Other equities research analysts have also issued research reports about the stock. 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 reissued a "sell" rating and set a $23.00 price target on shares of APA in a report on Wednesday, March 19th. Citigroup cut their price objective on shares of APA from $24.00 to $20.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. Mizuho decreased their price target on APA from $25.00 to $24.00 and set an "underperform" rating for the company in a research note on Monday, December 16th. Finally, JPMorgan Chase & Co. dropped their price target 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. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, APA has an average rating of "Hold" and an average price target of $26.47.
Check Out Our Latest Research Report on APA
APA Stock Down 2.0 %
Shares of APA stock traded down $0.31 during mid-day trading on Friday, reaching $14.89. 10,446,501 shares of the company were exchanged, compared to its average volume of 6,775,402. APA has a fifty-two week low of $13.58 and a fifty-two week high of $33.88. 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 company has a market capitalization of $5.42 billion, a P/E ratio of 2.10 and a beta of 2.74. The business's 50 day simple moving average is $19.95 and its 200 day simple moving average is $22.20.
APA (NASDAQ:APA - Get Free Report) last issued 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). The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.31 billion. APA had a return on equity of 27.86% and a net margin of 24.36%. Research analysts predict that APA will post 4.03 earnings per share for the current year.
APA Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Tuesday, April 22nd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $1.00 annualized dividend and a yield of 6.72%. APA's dividend payout ratio (DPR) is currently 44.25%.
Institutional Trading of APA
Several institutional investors and hedge funds have recently bought and sold shares of APA. Dimensional Fund Advisors LP boosted its position in APA by 33.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,186,244 shares of the company's stock worth $142,823,000 after purchasing an additional 1,540,055 shares during the period. Freestone Grove Partners LP acquired a new position in APA in the 4th quarter valued at about $30,767,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in APA by 29.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,297,871 shares of the company's stock worth $122,328,000 after acquiring an additional 1,195,212 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of APA by 29.4% during the fourth quarter. Bank of New York Mellon Corp now owns 4,092,666 shares of the company's stock worth $94,500,000 after acquiring an additional 929,770 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of APA by 7.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 12,886,087 shares of the company's stock valued at $297,540,000 after purchasing an additional 894,574 shares during the last quarter. Institutional investors own 83.01% of the company's stock.
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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