Investment Analysts’ Weekly Ratings Updates for APA (APA)

A number of firms have modified their ratings and price targets on shares of APA (NASDAQ: APA) recently:

• 10/1/2024 – APA had its price target lowered by analysts at Wells Fargo & Company from $49.00 to $47.00. They now have an “overweight” rating on the stock.
• 9/30/2024 – APA had its price target lowered by analysts at Evercore ISI from $39.00 to $33.00. They now have an “in-line” rating on the stock.
• 9/30/2024 – APA had its price target lowered by analysts at Truist Financial Co. from $46.00 to $34.00. They now have a “buy” rating on the stock.
• 9/18/2024 – APA had its price target lowered by analysts at UBS Group AG from $35.00 to $29.00. They now have a “neutral” rating on the stock.
• 9/17/2024 – APA had its “sector perform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $41.00 price target on the stock.
• 9/16/2024 – APA had its price target lowered by analysts at Mizuho from $35.00 to $28.00. They now have an “underperform” rating on the stock.
• 9/12/2024 – APA had its price target lowered by analysts at JPMorgan Chase & Co. from $36.00 to $27.00. They now have a “neutral” rating on the stock.
• 9/12/2024 – APA had its “in-line” rating reaffirmed by analysts at Evercore ISI. They now have a $39.00 price target on the stock.
• 9/11/2024 – APA had its “equal weight” rating reaffirmed by analysts at Barclays PLC. They now have a $35.00 price target on the stock.
• 9/9/2024 – APA had its price target lowered by analysts at Citigroup Inc. from $33.00 to $32.00. They now have a “neutral” rating on the stock.
• 9/5/2024 – APA had its “sector perform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $41.00 price target on the stock.
• 9/4/2024 – APA had its price target lowered by analysts at Susquehanna from $57.00 to $52.00. They now have a “positive” rating on the stock.
• 8/15/2024 – APA had its price target lowered by analysts at Piper Sandler from $34.00 to $29.00. They now have a “neutral” rating on the stock.
• 8/14/2024 – APA had its price target lowered by analysts at Wells Fargo & Company from $50.00 to $49.00. They now have an “overweight” rating on the stock.
• 8/6/2024 – APA had its price target lowered by analysts at UBS Group AG from $38.00 to $35.00. They now have a “neutral” rating on the stock.

APA Price Performance

Shares of APA opened at $25.66 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.04. APA Co. has a twelve month low of $22.72 and a twelve month high of $43.58. The stock has a market capitalization of $9.52 billion, a P/E ratio of 2.87 and a beta of 3.24. The company has a 50 day moving average of $27.33 and a 200-day moving average of $29.75.

APA (NASDAQ:APA) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.22. APA had a net margin of 32.66% and a return on equity of 35.95%. The firm had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same period in the previous year, the business earned $0.85 EPS. The company’s revenue was up 41.6% compared to the same quarter last year. As a group, equities research analysts forecast that APA Co. will post 4.04 EPS for the current fiscal year.

APA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Tuesday, October 22nd will be issued a dividend of $0.25 per share. The ex-dividend date is Tuesday, October 22nd. This represents a $1.00 annualized dividend and a yield of 3.90%. APA’s payout ratio is presently 11.19%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its stake in shares of APA by 131.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,813,655 shares of the company’s stock worth $141,704,000 after purchasing an additional 2,736,041 shares in the last quarter. Harris Associates L P raised its position in APA by 17.8% during the fourth quarter. Harris Associates L P now owns 15,705,693 shares of the company’s stock worth $563,520,000 after acquiring an additional 2,367,570 shares in the last quarter. Vanguard Group Inc. lifted its stake in APA by 4.7% in the first quarter. Vanguard Group Inc. now owns 44,648,084 shares of the company’s stock valued at $1,535,001,000 after acquiring an additional 2,004,555 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in APA by 10.6% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 20,299,538 shares of the company’s stock valued at $728,347,000 after acquiring an additional 1,938,335 shares during the last quarter. Finally, Webs Creek Capital Management LP bought a new position in shares of APA in the 1st quarter valued at about $28,593,000. 83.01% of the stock is owned by institutional investors and hedge funds.

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.