Barclays Cuts APA (NASDAQ:APA) Price Target to $27.00

APA (NASDAQ:APA) had its price target reduced by Barclays from $30.00 to $27.00 in a report published on Friday,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other equities analysts have also commented on the company. Evercore ISI cut their price objective on APA from $39.00 to $33.00 and set an “in-line” rating on the stock in a research note on Monday, September 30th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $41.00 price objective on shares of APA in a research note on Tuesday, September 17th. JPMorgan Chase & Co. lowered their target price on shares of APA from $36.00 to $27.00 and set a “neutral” rating for the company in a research note on Friday, October 18th. Wolfe Research assumed coverage on APA in a report on Thursday, July 18th. They set an “outperform” rating and a $42.00 price target for the company. Finally, Mizuho lowered their price objective on APA from $35.00 to $28.00 and set an “underperform” rating for the company in a research report on Monday, September 16th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $33.91.

APA Stock Down 0.7 %

Shares of NASDAQ:APA opened at $21.77 on Friday. The firm has a market cap of $8.05 billion, a P/E ratio of 3.07 and a beta of 3.24. APA has a 12-month low of $21.15 and a 12-month high of $38.27. The business has a fifty day simple moving average of $24.94 and a 200 day simple moving average of $27.99. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Tuesday, October 22nd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.59%. The ex-dividend date of this dividend is Tuesday, October 22nd. APA’s dividend payout ratio (DPR) is presently 14.12%.

Institutional Trading of APA

Several institutional investors have recently made changes to their positions in APA. Covestor Ltd increased its position in shares of APA by 75.4% during the first quarter. Covestor Ltd now owns 1,093 shares of the company’s stock valued at $38,000 after acquiring an additional 470 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in APA by 386.7% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,358 shares of the company’s stock valued at $40,000 after purchasing an additional 1,079 shares during the period. Rothschild Investment LLC purchased a new stake in shares of APA during the 2nd quarter valued at $42,000. GPS Wealth Strategies Group LLC raised its stake in shares of APA by 1,325.0% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 1,710 shares of the company’s stock worth $50,000 after purchasing an additional 1,590 shares during the period. Finally, Huntington National Bank boosted its holdings in shares of APA by 48.8% in the 3rd quarter. Huntington National Bank now owns 1,710 shares of the company’s stock worth $42,000 after buying an additional 561 shares during the last quarter. Institutional investors own 83.01% of the company’s stock.

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.