APA Co. (NASDAQ:APA) Receives $42.05 Average PT from Analysts

Shares of APA Co. (NASDAQ:APA) have earned an average recommendation of “Hold” from the nineteen analysts that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $42.05.

Several brokerages have issued reports on APA. Roth Mkm boosted their target price on APA from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Barclays reduced their target price on shares of APA from $40.00 to $38.00 and set an “equal weight” rating for the company in a research note on Thursday. JPMorgan Chase & Co. boosted their price target on shares of APA from $38.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Wells Fargo & Company initiated coverage on shares of APA in a report on Wednesday, April 24th. They issued an “overweight” rating and a $55.00 price objective for the company. Finally, Raymond James lowered their target price on shares of APA from $44.00 to $43.00 and set a “strong-buy” rating on the stock in a report on Wednesday, January 24th.

APA Price Performance

Shares of NASDAQ:APA opened at $29.26 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 1.42. The stock has a market cap of $8.81 billion, a PE ratio of 3.27 and a beta of 3.29. The stock’s fifty day simple moving average is $32.52 and its two-hundred day simple moving average is $34.07. APA has a 1-year low of $28.90 and a 1-year high of $46.15.

APA (NASDAQ:APA) last posted its earnings results on Thursday, May 2nd. The company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.12). The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.89 billion. APA had a return on equity of 45.32% and a net margin of 34.04%. APA’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.19 EPS. As a group, analysts forecast that APA will post 5.03 EPS for the current fiscal year.

APA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Monday, April 22nd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.42%. The ex-dividend date is Friday, April 19th. APA’s dividend payout ratio (DPR) is currently 11.19%.

Institutional Trading of APA

Several large investors have recently added to or reduced their stakes in the stock. Lido Advisors LLC grew its holdings in shares of APA by 1.2% during the 3rd quarter. Lido Advisors LLC now owns 21,901 shares of the company’s stock worth $900,000 after acquiring an additional 266 shares during the period. DNB Asset Management AS raised its holdings in APA by 0.6% in the fourth quarter. DNB Asset Management AS now owns 49,846 shares of the company’s stock worth $1,788,000 after purchasing an additional 308 shares in the last quarter. HB Wealth Management LLC lifted its position in APA by 5.0% during the fourth quarter. HB Wealth Management LLC now owns 6,528 shares of the company’s stock valued at $234,000 after buying an additional 309 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of APA by 1.5% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 25,029 shares of the company’s stock valued at $898,000 after buying an additional 358 shares in the last quarter. Finally, Quent Capital LLC boosted its holdings in shares of APA by 64.0% during the 4th quarter. Quent Capital LLC now owns 961 shares of the company’s stock valued at $34,000 after buying an additional 375 shares in the last quarter. Institutional investors own 83.01% of the company’s stock.

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.