APA (NASDAQ:APA) Given New $30.00 Price Target at Susquehanna

APA (NASDAQ:APA) had its target price reduced by Susquehanna from $31.00 to $30.00 in a report released on Tuesday morning,Benzinga reports. They currently have a positive rating on the stock.

A number of other research analysts have also commented on the company. Wells Fargo & Company decreased their price objective on APA from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 26th. Royal Bank of Canada lowered their price objective on APA from $27.00 to $24.00 and set a “sector perform” rating for the company in a research report on Friday, April 11th. Scotiabank dropped their price objective on APA from $26.00 to $14.00 and set a “sector perform” rating for the company in a report on Friday, April 11th. Raymond James lowered shares of APA from a “strong-buy” rating to an “outperform” rating and reduced their target price for the company from $45.00 to $32.00 in a research note on Monday, March 10th. Finally, JPMorgan Chase & Co. dropped their price target on shares of APA from $23.00 to $20.00 and set a “neutral” rating for the company in a research note on Thursday, March 13th. Four equities research 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. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $26.11.

APA Stock Performance

Shares of NASDAQ:APA opened at $15.86 on Tuesday. The business has a fifty day moving average of $19.14 and a 200-day moving average of $21.80. The firm has a market cap of $5.74 billion, a PE ratio of 2.24 and a beta of 2.74. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.24 and a current ratio of 1.24. APA has a twelve month low of $13.58 and a twelve month high of $33.41.

APA (NASDAQ:APA) last announced its earnings results on Wednesday, February 26th. The company reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.18). APA had a return on equity of 27.86% and a net margin of 24.36%. The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.31 billion. On average, equities research analysts predict that APA will post 4.03 EPS for the current fiscal year.

APA Dividend Announcement

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

Institutional Trading of APA

Several hedge funds and other institutional investors have recently modified their holdings of APA. ProShare Advisors LLC raised its position in APA by 0.4% in the 4th quarter. ProShare Advisors LLC now owns 113,913 shares of the company’s stock valued at $2,630,000 after buying an additional 449 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of APA by 0.6% during the 4th quarter. Van ECK Associates Corp now owns 77,110 shares of the company’s stock worth $1,780,000 after acquiring an additional 469 shares in the last quarter. Nissay Asset Management Corp Japan ADV raised its holdings in shares of APA by 1.1% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 46,063 shares of the company’s stock valued at $1,018,000 after purchasing an additional 517 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in shares of APA by 0.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 138,991 shares of the company’s stock worth $3,070,000 after purchasing an additional 544 shares in the last quarter. Finally, Segment Wealth Management LLC boosted its holdings in APA by 1.1% during the fourth quarter. Segment Wealth Management LLC now owns 54,938 shares of the company’s stock worth $1,269,000 after purchasing an additional 571 shares during the last quarter. Institutional investors and hedge funds 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.