APA (NASDAQ:APA) Given New $22.00 Price Target at Piper Sandler

APA (NASDAQ:APA) had its price target decreased by Piper Sandler from $23.00 to $22.00 in a report released on Tuesday,Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

APA has been the subject of several other research reports. Scotiabank reduced their price objective on shares of APA from $26.00 to $14.00 and set a “sector perform” rating for the company in a research note on Friday, April 11th. Barclays cut their price target on shares of APA from $27.00 to $25.00 and set an “equal weight” rating for the company in a report on Tuesday, March 18th. JPMorgan Chase & Co. decreased their price target on shares of APA from $23.00 to $20.00 and set a “neutral” rating on the stock in a report on Thursday, March 13th. Citigroup dropped their price objective on APA from $20.00 to $15.00 and set a “neutral” rating for the company in a research note on Wednesday, April 16th. Finally, Susquehanna decreased their target price on APA from $31.00 to $30.00 and set a “positive” rating on the stock in a research note on Tuesday. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $26.11.

APA Trading Up 2.3 %

NASDAQ:APA opened at $15.86 on Tuesday. APA has a 1 year low of $13.58 and a 1 year high of $33.41. The stock’s fifty day moving average price is $19.14 and its two-hundred day moving average price is $21.80. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.24 and a quick ratio of 1.24. The company has a market cap of $5.74 billion, a P/E ratio of 2.24 and a beta of 2.74.

APA (NASDAQ:APA) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.18). The company had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.31 billion. APA had a return on equity of 27.86% and a net margin of 24.36%. As a group, analysts expect that APA will post 4.03 EPS for the current year.

APA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Tuesday, April 22nd will be paid a $0.25 dividend. The ex-dividend date is Tuesday, April 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.31%. APA’s dividend payout ratio (DPR) is 44.25%.

Hedge Funds Weigh In On APA

A number of large investors have recently added to or reduced their stakes in APA. Brown Brothers Harriman & Co. increased its holdings in shares of APA by 1,087.9% in the fourth quarter. Brown Brothers Harriman & Co. now owns 1,176 shares of the company’s stock worth $27,000 after buying an additional 1,077 shares during the period. Riverview Trust Co increased its stake in APA by 5,718.2% in the 4th quarter. Riverview Trust Co now owns 1,280 shares of the company’s stock worth $30,000 after purchasing an additional 1,258 shares during the period. Wilmington Savings Fund Society FSB boosted its stake in shares of APA by 77.9% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company’s stock valued at $31,000 after purchasing an additional 586 shares during the period. Rakuten Securities Inc. grew its holdings in shares of APA by 499.2% in the first quarter. Rakuten Securities Inc. now owns 1,546 shares of the company’s stock worth $32,000 after purchasing an additional 1,288 shares during the last quarter. Finally, Runnymede Capital Advisors Inc. purchased a new position in shares of APA in the fourth quarter worth $35,000. Hedge funds and other 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.