Analysts Set APA Co. (NASDAQ:APA) Price Target at $30.65

APA Co. (NASDAQ:APA) has been assigned an average rating of “Hold” from the nineteen research firms that are currently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $29.80.

A number of equities research analysts have commented on APA shares. Susquehanna reduced their price objective on APA from $33.00 to $31.00 and set a “positive” rating for the company in a research note on Monday. Raymond James increased their price target on shares of APA from $44.00 to $45.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 23rd. Mizuho decreased their price target on shares of APA from $25.00 to $24.00 and set an “underperform” rating for the company in a research note on Monday, December 16th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $32.00 price objective on shares of APA in a research note on Thursday, January 23rd. Finally, Truist Financial lowered their target price on APA from $36.00 to $33.00 and set a “buy” rating on the stock in a research note on Friday, November 8th.

Insider Activity at APA

In other news, Director Juliet S. Ellis bought 4,391 shares of APA stock in a transaction that occurred on Thursday, December 12th. The shares were acquired at an average price of $22.78 per share, with a total value of $100,026.98. Following the completion of the purchase, the director now directly owns 12,436 shares in the company, valued at $283,292.08. The trade was a 54.58 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 1.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On APA

A number of hedge funds and other institutional investors have recently modified their holdings of APA. Brown Brothers Harriman & Co. raised its holdings in shares of APA by 1,087.9% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,176 shares of the company’s stock valued at $27,000 after buying an additional 1,077 shares in the last quarter. TD Private Client Wealth LLC grew its position in APA by 84.1% during the third quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company’s stock valued at $29,000 after acquiring an additional 540 shares during the last quarter. Riverview Trust Co raised its stake in shares of APA by 5,718.2% during the fourth quarter. Riverview Trust Co now owns 1,280 shares of the company’s stock worth $30,000 after acquiring an additional 1,258 shares in the last quarter. Wilmington Savings Fund Society FSB lifted its holdings in shares of APA by 77.9% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company’s stock worth $31,000 after acquiring an additional 586 shares during the last quarter. Finally, Runnymede Capital Advisors Inc. bought a new stake in shares of APA in the 4th quarter worth approximately $35,000. 83.01% of the stock is currently owned by hedge funds and other institutional investors.

APA Stock Performance

NASDAQ:APA opened at $18.89 on Thursday. The company has a 50 day simple moving average of $22.93 and a two-hundred day simple moving average of $23.90. 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 fifty-two week low of $18.66 and a fifty-two week high of $36.04. The company has a market capitalization of $6.99 billion, a PE ratio of 2.67 and a beta of 3.15.

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

APA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Tuesday, April 22nd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 5.29%. The ex-dividend date is Tuesday, April 22nd. APA’s payout ratio is 44.25%.

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.