APA Co. (NASDAQ:APA) Receives $32.81 Consensus PT from Analysts

Shares of APA Co. (NASDAQ:APA) have been given a consensus rating of “Hold” by the twenty brokerages that are covering the company, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $32.81.

Several research analysts have issued reports on the stock. Susquehanna lowered their price objective on shares of APA from $52.00 to $48.00 and set a “positive” rating on the stock in a research report on Friday, October 18th. Barclays cut their target price on APA from $30.00 to $27.00 and set an “equal weight” rating for the company in a research note on Friday, November 8th. Wells Fargo & Company decreased their price target on APA from $49.00 to $47.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 1st. UBS Group cut their price objective on APA from $29.00 to $28.00 and set a “neutral” rating for the company in a research report on Monday, November 18th. Finally, Evercore ISI decreased their target price on shares of APA from $39.00 to $33.00 and set an “in-line” rating on the stock in a research report on Monday, September 30th.

Institutional Investors Weigh In On APA

Hedge funds have recently modified their holdings of the stock. Synovus Financial Corp grew its holdings in APA by 144.3% during the 3rd quarter. Synovus Financial Corp now owns 30,925 shares of the company’s stock valued at $756,000 after purchasing an additional 18,268 shares in the last quarter. Tidal Investments LLC boosted its position in APA by 154.2% in the 3rd quarter. Tidal Investments LLC now owns 62,400 shares of the company’s stock valued at $1,526,000 after buying an additional 37,855 shares during the last quarter. PVG Asset Management Corp purchased a new position in APA in the 3rd quarter valued at about $757,000. Sanctuary Advisors LLC grew its stake in shares of APA by 23.0% during the third quarter. Sanctuary Advisors LLC now owns 11,678 shares of the company’s stock valued at $266,000 after acquiring an additional 2,185 shares in the last quarter. Finally, TD Private Client Wealth LLC increased its position in shares of APA by 84.1% during the third quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company’s stock worth $29,000 after acquiring an additional 540 shares during the last quarter. 83.01% of the stock is currently owned by hedge funds and other institutional investors.

APA Price Performance

APA stock opened at $22.67 on Tuesday. The business has a 50 day simple moving average of $24.31 and a 200-day simple moving average of $27.32. The company has a market capitalization of $8.39 billion, a P/E ratio of 3.20 and a beta of 3.24. APA has a twelve month low of $21.15 and a twelve month high of $37.82. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.03.

APA Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Tuesday, October 22nd were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.41%. The ex-dividend date was Tuesday, October 22nd. APA’s payout ratio is 14.12%.

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.