APA (NASDAQ:APA) Price Target Lowered to $28.00 at UBS Group

APA (NASDAQ:APA - Free Report) had its price target decreased by UBS Group from $29.00 to $28.00 in a research note published on Monday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Wells Fargo & Company reduced their price objective on APA from $49.00 to $47.00 and set an "overweight" rating for the company in a research note on Tuesday, October 1st. Mizuho decreased their price target on shares of APA from $35.00 to $28.00 and set an "underperform" rating for the company in a research note on Monday, September 16th. Susquehanna lowered their price objective on shares of APA from $52.00 to $48.00 and set a "positive" rating on the stock in a report on Friday, October 18th. Bernstein Bank decreased their target price on shares of APA from $30.00 to $28.00 in a research report on Friday, October 18th. Finally, Royal Bank of Canada dropped their price target on shares of APA from $34.00 to $32.00 and set a "sector perform" rating on the stock in a research report on Monday, November 11th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $32.81.

APA Stock Up 0.4 %

NASDAQ:APA traded up $0.08 during trading hours on Monday, reaching $22.46. The company had a trading volume of 5,568,216 shares, compared to its average volume of 6,266,814. The business's 50-day simple moving average is $24.46 and its two-hundred day simple moving average is $27.60. APA has a twelve month low of $21.15 and a twelve month high of $37.82. The firm has a market cap of $8.31 billion, a price-to-earnings ratio of 3.17 and a beta of 3.24. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.03.

APA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Tuesday, October 22nd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.45%. The ex-dividend date of this dividend is Tuesday, October 22nd. APA's dividend payout ratio (DPR) is 14.12%.

Institutional Investors Weigh In On APA

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in APA. Sunpointe LLC lifted its stake in APA by 2.8% during the second quarter. Sunpointe LLC now owns 13,297 shares of the company's stock worth $391,000 after purchasing an additional 362 shares during the last quarter. GAMMA Investing LLC lifted its holdings in APA by 12.0% in the second quarter. GAMMA Investing LLC now owns 3,558 shares of the company's stock worth $105,000 after buying an additional 380 shares during the period. Citizens Financial Group Inc. RI grew its stake in APA by 6.7% in the second quarter. Citizens Financial Group Inc. RI now owns 6,860 shares of the company's stock worth $202,000 after purchasing an additional 429 shares during the period. Covestor Ltd increased its stake in shares of APA by 75.4% in the 1st quarter. Covestor Ltd now owns 1,093 shares of the company's stock worth $38,000 after acquiring an additional 470 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of APA by 7.1% during the second quarter. Signaturefd LLC now owns 7,108 shares of the company's stock valued at $209,000 after purchasing an additional 472 shares during the last quarter. 83.01% of the stock is currently owned by institutional investors.

About APA

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.