APA (NASDAQ:APA) Price Target Raised to $45.00

APA (NASDAQ:APAFree Report) had its price target hoisted by Raymond James from $44.00 to $45.00 in a report released on Thursday,Benzinga reports. The firm currently has a strong-buy rating on the stock.

APA has been the subject of several other reports. Royal Bank of Canada restated a “sector perform” rating and issued a $32.00 target price on shares of APA in a report on Thursday. Wells Fargo & Company lowered shares of APA from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $42.00 to $25.00 in a report on Tuesday, December 17th. Bernstein Bank reduced their target price on shares of APA from $30.00 to $28.00 in a research note on Friday, October 18th. JPMorgan Chase & Co. dropped their price target on shares of APA from $29.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday, November 13th. Finally, Mizuho cut their price target on shares of APA from $25.00 to $24.00 and set an “underperform” rating for the company in a report on Monday, December 16th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $30.65.

Check Out Our Latest Stock Report on APA

APA Price Performance

APA stock opened at $23.32 on Thursday. APA has a 1 year low of $20.32 and a 1 year high of $36.04. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a market capitalization of $8.63 billion, a PE ratio of 3.29 and a beta of 3.16. The business has a 50 day simple moving average of $22.77 and a 200-day simple moving average of $25.33.

APA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Wednesday, January 22nd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $1.00 annualized dividend and a dividend yield of 4.29%. APA’s dividend payout ratio is presently 14.12%.

Insider Activity at APA

In related news, Director Juliet S. Ellis bought 4,391 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average cost of $22.78 per share, with a total value of $100,026.98. Following the purchase, the director now directly owns 12,436 shares of the company’s stock, valued at $283,292.08. This trade represents a 54.58 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On APA

A number of hedge funds have recently bought and sold shares of the stock. TD Private Client Wealth LLC lifted its position in shares of APA by 84.1% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company’s stock worth $29,000 after purchasing an additional 540 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in APA by 93.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,614 shares of the company’s stock worth $37,000 after buying an additional 780 shares during the last quarter. Huntington National Bank boosted its position in shares of APA by 48.8% during the 3rd quarter. Huntington National Bank now owns 1,710 shares of the company’s stock worth $42,000 after acquiring an additional 561 shares in the last quarter. Eastern Bank increased its holdings in shares of APA by 355.0% in the 4th quarter. Eastern Bank now owns 2,275 shares of the company’s stock valued at $53,000 after acquiring an additional 1,775 shares during the last quarter. Finally, Blue Trust Inc. raised its position in shares of APA by 164.2% during the 3rd quarter. Blue Trust Inc. now owns 2,581 shares of the company’s stock worth $63,000 after acquiring an additional 1,604 shares in the last quarter. Institutional investors and hedge funds own 83.01% of the company’s stock.

APA Company Profile

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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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Analyst Recommendations for APA (NASDAQ:APA)

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