APA (NASDAQ:APA) Price Target Increased to $54.00 by Analysts at Susquehanna

APA (NASDAQ:APA) had its price target boosted by Susquehanna from $50.00 to $54.00 in a research note released on Monday morning, Benzinga reports. Susquehanna currently has a positive rating on the stock.

APA has been the topic of a number of other research reports. Roth Mkm increased their price objective on shares of APA from $37.00 to $39.00 and gave the stock a buy rating in a report on Tuesday, April 2nd. JPMorgan Chase & Co. increased their price objective on shares of APA from $38.00 to $40.00 and gave the stock a neutral rating in a report on Thursday, April 11th. Piper Sandler increased their price objective on shares of APA from $33.00 to $35.00 and gave the stock a neutral rating in a report on Friday. Truist Financial dropped their price objective on shares of APA from $59.00 to $53.00 and set a buy rating on the stock in a report on Friday, April 5th. Finally, Scotiabank reaffirmed a sector perform rating and issued a $37.00 price objective (down previously from $43.00) on shares of APA in a report on Tuesday, January 16th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, APA presently has a consensus rating of Hold and a consensus price target of $42.10.

APA Trading Up 0.3 %

APA stock opened at $32.47 on Monday. The firm’s 50-day moving average is $32.41 and its 200-day moving average is $34.57. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.02 and a current ratio of 1.02. APA has a 1 year low of $29.47 and a 1 year high of $46.15. The company has a market cap of $9.78 billion, a P/E ratio of 3.50 and a beta of 3.27.

APA (NASDAQ:APA) last posted its quarterly earnings results on Thursday, February 22nd. The company reported $1.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.18). APA had a return on equity of 62.64% and a net margin of 34.95%. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter in the previous year, the business posted $1.48 earnings per share. The company’s quarterly revenue was down 12.3% compared to the same quarter last year. On average, equities analysts expect that APA will post 4.85 earnings per share for the current year.

APA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Monday, April 22nd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend is Friday, April 19th. APA’s payout ratio is 10.78%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. American National Bank boosted its holdings in shares of APA by 208.5% in the first quarter. American National Bank now owns 725 shares of the company’s stock worth $25,000 after buying an additional 490 shares during the period. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of APA in the third quarter worth about $34,000. Quent Capital LLC boosted its holdings in shares of APA by 64.0% in the fourth quarter. Quent Capital LLC now owns 961 shares of the company’s stock worth $34,000 after buying an additional 375 shares during the period. Rakuten Securities Inc. acquired a new position in shares of APA in the fourth quarter worth about $34,000. Finally, Principal Securities Inc. acquired a new position in shares of APA in the fourth quarter worth about $39,000. 83.01% of the stock is currently owned by institutional investors and hedge funds.

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.