APA Co. (NASDAQ:APA) Given Average Rating of “Buy” by Brokerages

APA Co. (NASDAQ:APAGet Rating) has received an average rating of “Buy” from the twenty-one analysts that are presently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $41.66.

Several research analysts have commented on the company. MKM Partners raised their price objective on APA from $38.00 to $44.00 and gave the company a “buy” rating in a research report on Wednesday, February 23rd. Susquehanna decreased their price target on APA from $43.00 to $42.00 and set a “positive” rating for the company in a research note on Thursday, February 24th. Stifel Europe lifted their price target on APA from $33.00 to $37.00 in a research note on Tuesday, January 4th. Barclays started coverage on APA in a research note on Wednesday. They issued an “overweight” rating and a $53.00 target price for the company. Finally, Scotiabank boosted their price objective on APA from $36.00 to $38.00 in a research report on Thursday, January 13th.

In other APA news, insider P Anthony Lannie sold 40,800 shares of the firm’s stock in a transaction dated Monday, March 7th. The shares were sold at an average price of $39.90, for a total transaction of $1,627,920.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Chansoo Joung purchased 40,000 shares of the business’s stock in a transaction on Friday, February 25th. The shares were acquired at an average price of $32.92 per share, with a total value of $1,316,800.00. The disclosure for this purchase can be found here. 1.05% of the stock is owned by insiders.

Several institutional investors have recently modified their holdings of the stock. CVA Family Office LLC bought a new position in shares of APA during the fourth quarter worth $30,000. First Mercantile Trust Co. bought a new stake in APA in the 3rd quarter valued at $31,000. Ahrens Investment Partners LLC bought a new stake in APA in the 4th quarter valued at $35,000. Outfitter Financial LLC acquired a new stake in APA in the 4th quarter valued at $48,000. Finally, MUFG Securities EMEA plc acquired a new position in shares of APA during the 3rd quarter worth about $53,000. 86.58% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ APA opened at $43.61 on Thursday. The business has a 50-day moving average price of $37.64 and a 200 day moving average price of $31.16. The stock has a market cap of $15.13 billion, a PE ratio of 16.84, a price-to-earnings-growth ratio of 0.12 and a beta of 4.43. APA has a 52-week low of $15.55 and a 52-week high of $43.99.

APA (NASDAQ:APAGet Rating) last issued its earnings results on Sunday, February 20th. The company reported $1.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.14). APA had a negative return on equity of 552.09% and a net margin of 12.44%. During the same period in the previous year, the company earned ($0.05) EPS. As a group, research analysts forecast that APA will post 7.89 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 23rd. Investors of record on Friday, April 22nd will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Thursday, April 21st. APA’s dividend payout ratio is presently 19.31%.

APA Company Profile (Get Rating)

APA Corporation, through its subsidiaries, explores for, develops, and produces oil and gas properties. It has operations in the United States, Egypt, and the United Kingdom, as well as has exploration activities offshore Suriname. The company also operates gathering, processing, and transmission assets in West Texas, as well as holds ownership in four Permian-to-Gulf Coast pipelines.

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Analyst Recommendations for APA (NASDAQ:APA)

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