APA Co. (NASDAQ:APA) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of APA Co. (NASDAQ:APAGet Rating) have earned a consensus rating of “Moderate Buy” from the seventeen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $50.63.

A number of brokerages have recently issued reports on APA. KeyCorp lifted their price target on APA from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note on Monday, April 4th. Morgan Stanley upped their price objective on shares of APA from $41.00 to $57.00 and gave the company an “overweight” rating in a report on Friday, April 22nd. Susquehanna Bancshares upped their price objective on APA from $42.00 to $52.00 in a report on Monday, April 25th. Barclays lowered their price target on APA from $62.00 to $55.00 and set an “overweight” rating for the company in a report on Tuesday, July 12th. Finally, The Goldman Sachs Group dropped their target price on APA from $52.00 to $41.00 and set a “neutral” rating for the company in a research report on Tuesday, July 5th.

Insiders Place Their Bets

In related news, insider P Anthony Lannie sold 86,750 shares of the firm’s stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $41.26, for a total value of $3,579,305.00. Following the completion of the transaction, the insider now owns 58,844 shares of the company’s stock, valued at approximately $2,427,903.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.88% of the stock is currently owned by insiders.

Institutional Investors Weigh In On APA

A number of large investors have recently added to or reduced their stakes in APA. Kestra Advisory Services LLC boosted its position in shares of APA by 13.3% during the fourth quarter. Kestra Advisory Services LLC now owns 31,819 shares of the company’s stock worth $856,000 after purchasing an additional 3,724 shares in the last quarter. National Bank of Canada FI bought a new stake in shares of APA in the 4th quarter valued at about $1,969,000. CVA Family Office LLC bought a new stake in shares of APA in the 4th quarter worth approximately $30,000. Oak Thistle LLC bought a new stake in shares of APA in the fourth quarter valued at approximately $237,000. Finally, Consilium Wealth Advisory LLC bought a new stake in shares of APA during the fourth quarter valued at about $1,435,000. Institutional investors own 84.08% of the company’s stock.

APA Price Performance

Shares of APA opened at $32.41 on Friday. APA has a twelve month low of $15.55 and a twelve month high of $51.95. The company has a 50 day moving average of $40.28 and a two-hundred day moving average of $38.28. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 6.77. The company has a market cap of $10.96 billion, a price-to-earnings ratio of 4.63, a price-to-earnings-growth ratio of 0.18 and a beta of 4.06.

APA (NASDAQ:APAGet Rating) last posted its earnings results on Wednesday, May 4th. The company reported $1.92 earnings per share for the quarter, missing the consensus estimate of $2.08 by ($0.16). APA had a net margin of 30.21% and a return on equity of 11,632.79%. The firm had revenue of $2.67 billion for the quarter, compared to analysts’ expectations of $2.44 billion. During the same period last year, the firm earned $0.91 earnings per share. APA’s revenue for the quarter was up 42.7% compared to the same quarter last year. As a group, analysts predict that APA will post 10.34 earnings per share for the current fiscal year.

APA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 22nd. Investors of record on Friday, July 22nd will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend is Thursday, July 21st. APA’s dividend payout ratio is currently 7.14%.

About APA

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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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