APA (APA) – Investment Analysts’ Weekly Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of APA (NASDAQ: APA) in the last few weeks:

• 10/18/2024 – APA had its price target lowered by analysts at Susquehanna from $52.00 to $48.00. They now have a “positive” rating on the stock.
• 10/18/2024 – APA had its price target lowered by analysts at JPMorgan Chase & Co. from $36.00 to $27.00. They now have a “neutral” rating on the stock.
• 10/18/2024 – APA had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $26.00 to $25.00.
• 10/18/2024 – APA had its price target lowered by analysts at Citigroup Inc. from $32.00 to $29.00.
• 10/18/2024 – APA had its price target lowered by analysts at Bernstein Bank from $30.00 to $28.00.
• 10/15/2024 – APA had its price target lowered by analysts at Piper Sandler from $29.00 to $28.00. They now have a “neutral” rating on the stock.
• 10/10/2024 – APA had its price target lowered by analysts at Scotiabank from $30.00 to $27.00. They now have a “sector perform” rating on the stock.
• 10/9/2024 – APA had its price target raised by analysts at Truist Financial Co. from $34.00 to $36.00. They now have a “buy” rating on the stock.
• 10/7/2024 – APA had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $30.00 to $26.00. They now have a “sell” rating on the stock.
• 10/3/2024 – APA had its price target lowered by analysts at Barclays PLC from $35.00 to $30.00. They now have an “equal weight” rating on the stock.
• 10/1/2024 – APA had its price target lowered by analysts at Wells Fargo & Company from $49.00 to $47.00. They now have an “overweight” rating on the stock.
• 9/30/2024 – APA had its price target lowered by analysts at Evercore ISI from $39.00 to $33.00. They now have an “in-line” rating on the stock.
• 9/30/2024 – APA had its price target lowered by analysts at Truist Financial Co. from $46.00 to $34.00. They now have a “buy” rating on the stock.
• 9/18/2024 – APA had its price target lowered by analysts at UBS Group AG from $35.00 to $29.00. They now have a “neutral” rating on the stock.
• 9/17/2024 – APA had its “sector perform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $41.00 price target on the stock.
• 9/16/2024 – APA had its price target lowered by analysts at Mizuho from $35.00 to $28.00. They now have an “underperform” rating on the stock.
• 9/12/2024 – APA had its price target lowered by analysts at JPMorgan Chase & Co. from $36.00 to $27.00. They now have a “neutral” rating on the stock.
• 9/12/2024 – APA had its “in-line” rating reaffirmed by analysts at Evercore ISI. They now have a $39.00 price target on the stock.
• 9/11/2024 – APA had its “equal weight” rating reaffirmed by analysts at Barclays PLC. They now have a $35.00 price target on the stock.
• 9/9/2024 – APA had its price target lowered by analysts at Citigroup Inc. from $33.00 to $32.00. They now have a “neutral” rating on the stock.
• 9/5/2024 – APA had its “sector perform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $41.00 price target on the stock.
• 9/4/2024 – APA had its price target lowered by analysts at Susquehanna from $57.00 to $52.00. They now have a “positive” rating on the stock.

APA Trading Up 0.3 %

APA stock traded up $0.07 during mid-day trading on Tuesday, hitting $25.18. 3,610,909 shares of the stock were exchanged, compared to its average volume of 6,198,418. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.04. APA Co. has a 12 month low of $22.72 and a 12 month high of $41.86. The firm’s fifty day simple moving average is $26.35 and its two-hundred day simple moving average is $28.95. The stock has a market capitalization of $9.35 billion, a price-to-earnings ratio of 2.82 and a beta of 3.23.

APA (NASDAQ:APA) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $1.17 EPS for the quarter, topping the consensus estimate of $0.95 by $0.22. The company had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.28 billion. APA had a net margin of 32.66% and a return on equity of 35.95%. The company’s quarterly revenue was up 41.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.85 EPS. Analysts forecast that APA Co. will post 3.97 EPS for the current year.

APA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Tuesday, October 22nd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.97%. The ex-dividend date of this dividend is Tuesday, October 22nd. APA’s payout ratio is currently 11.19%.

Institutional Trading of APA

Hedge funds have recently bought and sold shares of the business. Covestor Ltd lifted its stake in APA by 75.4% during the 1st quarter. Covestor Ltd now owns 1,093 shares of the company’s stock valued at $38,000 after acquiring an additional 470 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in APA by 386.7% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,358 shares of the company’s stock valued at $40,000 after acquiring an additional 1,079 shares in the last quarter. Rothschild Investment LLC bought a new position in APA during the 2nd quarter valued at $42,000. GPS Wealth Strategies Group LLC lifted its stake in APA by 1,325.0% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 1,710 shares of the company’s stock valued at $50,000 after acquiring an additional 1,590 shares in the last quarter. Finally, Carolina Wealth Advisors LLC bought a new position in APA during the 2nd quarter valued at $57,000. Institutional investors and hedge funds own 83.01% of the company’s stock.

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.