APA Co. (NASDAQ:APA) Receives $28.60 Average Price Target from Brokerages

APA Co. (NASDAQ:APA) has received an average recommendation of “Hold” from the nineteen analysts that are currently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $28.20.

APA has been the topic of a number of research reports. Susquehanna dropped their target price on APA from $33.00 to $31.00 and set a “positive” rating on the stock in a report on Monday, March 3rd. Morgan Stanley set a $22.00 target price on shares of APA and gave the stock an “underweight” rating in a research report on Wednesday. The Goldman Sachs Group restated a “sell” rating on shares of APA in a report on Wednesday, March 19th. UBS Group dropped their price target on shares of APA from $28.00 to $27.00 and set a “neutral” rating on the stock in a research note on Monday, December 9th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $32.00 price objective on shares of APA in a research report on Thursday, January 23rd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. GSA Capital Partners LLP bought a new position in shares of APA in the third quarter worth about $281,000. Natixis Advisors LLC grew its holdings in APA by 15.1% in the 3rd quarter. Natixis Advisors LLC now owns 101,334 shares of the company’s stock valued at $2,478,000 after buying an additional 13,266 shares during the last quarter. Quest Partners LLC bought a new position in APA in the 3rd quarter worth approximately $344,000. Pathstone Holdings LLC lifted its holdings in shares of APA by 2.7% during the third quarter. Pathstone Holdings LLC now owns 68,074 shares of the company’s stock worth $1,665,000 after buying an additional 1,771 shares during the last quarter. Finally, Caprock Group LLC boosted its position in shares of APA by 21.9% in the third quarter. Caprock Group LLC now owns 12,828 shares of the company’s stock valued at $314,000 after acquiring an additional 2,305 shares during the period. 83.01% of the stock is currently owned by institutional investors and hedge funds.

APA Trading Up 1.0 %

NASDAQ APA opened at $21.10 on Monday. The firm’s 50 day moving average price is $21.73 and its two-hundred day moving average price is $22.96. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.24 and a current ratio of 1.24. APA has a twelve month low of $17.66 and a twelve month high of $36.05. The stock has a market cap of $7.68 billion, a price-to-earnings ratio of 2.98 and a beta of 3.26.

APA (NASDAQ:APA) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.18). The business had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.31 billion. APA had a net margin of 24.36% and a return on equity of 27.86%. Equities analysts anticipate that APA will post 4.03 EPS for the current year.

APA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Tuesday, April 22nd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date is Tuesday, April 22nd. APA’s payout ratio is 44.25%.

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.