APA (NASDAQ:APA) Given New $31.00 Price Target at Susquehanna

APA (NASDAQ:APA - Free Report) had its price target trimmed by Susquehanna from $33.00 to $31.00 in a research report sent to investors on Monday,Benzinga reports. The brokerage currently has a positive rating on the stock.

A number of other analysts have also issued reports on APA. Wells Fargo & Company lowered shares of APA from an "overweight" rating to an "equal weight" rating and cut their price target for the stock from $42.00 to $25.00 in a research note on Tuesday, December 17th. Raymond James boosted their price target on shares of APA from $44.00 to $45.00 and gave the stock a "strong-buy" rating in a research note on Thursday, January 23rd. Royal Bank of Canada reiterated a "sector perform" rating and set a $32.00 price target on shares of APA in a research note on Thursday, January 23rd. JPMorgan Chase & Co. cut their price target on shares of APA from $29.00 to $25.00 and set a "neutral" rating on the stock in a research note on Wednesday, November 13th. Finally, Barclays cut their target price on shares of APA from $30.00 to $27.00 and set an "equal weight" rating on the stock in a research note on Friday, November 8th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $29.80.

APA Trading Down 0.2 %

NASDAQ APA traded down $0.03 during trading hours on Monday, reaching $18.54. The company had a trading volume of 14,014,160 shares, compared to its average volume of 8,072,458. The stock has a 50-day moving average of $22.80 and a 200 day moving average of $23.79. APA has a 1-year low of $17.66 and a 1-year high of $36.04. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $6.86 billion, a P/E ratio of 2.62 and a beta of 3.26.

APA (NASDAQ:APA - Get Free Report) last posted its earnings results on Wednesday, February 26th. The company reported $0.79 EPS for the quarter, missing analysts' consensus estimates of $0.97 by ($0.18). The company had revenue of $2.50 billion during 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%. As a group, research analysts anticipate that APA will post 4.03 earnings per share for the current fiscal year.

APA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Tuesday, April 22nd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 5.39%. The ex-dividend date is Tuesday, April 22nd. APA's dividend payout ratio (DPR) is 44.25%.

Insider Activity

In other news, Director Juliet S. Ellis acquired 4,391 shares of the firm's stock in a transaction dated Thursday, December 12th. The stock was acquired at an average cost of $22.78 per share, with a total value of $100,026.98. Following the completion of the acquisition, the director now owns 12,436 shares of the company's stock, valued at $283,292.08. The trade was a 54.58 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.30% of the company's stock.

Institutional Investors Weigh In On APA

Several large investors have recently modified their holdings of APA. abrdn plc lifted its holdings in shares of APA by 48.6% during the third quarter. abrdn plc now owns 72,994 shares of the company's stock worth $1,810,000 after purchasing an additional 23,881 shares during the period. Gladstone Institutional Advisory LLC acquired a new stake in shares of APA during the third quarter worth $214,000. Janney Montgomery Scott LLC lifted its holdings in shares of APA by 5.0% during the third quarter. Janney Montgomery Scott LLC now owns 52,994 shares of the company's stock worth $1,296,000 after purchasing an additional 2,500 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in shares of APA by 112.9% during the third quarter. Harbor Capital Advisors Inc. now owns 31,465 shares of the company's stock worth $770,000 after purchasing an additional 16,689 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in shares of APA by 18.5% during the third quarter. Van ECK Associates Corp now owns 76,641 shares of the company's stock worth $1,877,000 after purchasing an additional 11,964 shares during the period. 83.01% of the stock is owned by institutional investors and hedge funds.

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.