APA (NASDAQ:APA) Given New $47.00 Price Target at Susquehanna

APA (NASDAQ:APAFree Report) had its target price increased by Susquehanna from $37.00 to $47.00 in a report published on Tuesday morning,MarketScreener reports. Susquehanna currently has a positive rating on the stock.

APA has been the topic of several other research reports. Sanford C. Bernstein raised their price target on APA from $25.00 to $37.00 and gave the company a “market perform” rating in a research note on Monday, April 13th. Benchmark lifted their target price on APA from $33.00 to $40.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Mizuho lifted their target price on APA from $24.00 to $29.00 and gave the company an “underperform” rating in a research note on Tuesday, March 17th. Jefferies Financial Group lifted their target price on APA from $26.00 to $36.00 and gave the company a “hold” rating in a research note on Monday, April 13th. Finally, Piper Sandler lifted their target price on APA from $30.00 to $37.00 and gave the company a “neutral” rating in a research note on Thursday, March 12th. Seven analysts have rated the stock with a Buy rating, twenty have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $39.12.

View Our Latest Stock Report on APA

APA Stock Performance

Shares of APA stock opened at $37.60 on Tuesday. The firm has a market cap of $13.29 billion, a P/E ratio of 9.42 and a beta of 0.49. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.61. APA has a 12 month low of $15.20 and a 12 month high of $45.66. The stock’s fifty day moving average price is $35.23 and its 200-day moving average price is $28.41.

APA (NASDAQ:APAGet Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.62 by $0.29. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.89 billion. APA had a return on equity of 19.89% and a net margin of 15.55%.The business’s revenue for the quarter was down 26.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.79 earnings per share. On average, equities research analysts expect that APA will post 4.31 earnings per share for the current fiscal year.

APA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Wednesday, April 22nd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Wednesday, April 22nd. APA’s dividend payout ratio (DPR) is currently 25.06%.

Insiders Place Their Bets

In other APA news, Director Matthew Regis Bob sold 23,000 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $36.23, for a total value of $833,290.00. Following the completion of the sale, the director owned 6,634 shares of the company’s stock, valued at approximately $240,349.82. This trade represents a 77.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On APA

Several institutional investors have recently added to or reduced their stakes in APA. Goldman Sachs Group Inc. boosted its holdings in APA by 76.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 7,171,963 shares of the company’s stock worth $175,426,000 after acquiring an additional 3,117,032 shares in the last quarter. AQR Capital Management LLC boosted its holdings in APA by 157.1% in the second quarter. AQR Capital Management LLC now owns 3,060,135 shares of the company’s stock worth $55,970,000 after acquiring an additional 1,869,891 shares in the last quarter. Morgan Stanley boosted its holdings in APA by 21.8% in the fourth quarter. Morgan Stanley now owns 10,425,586 shares of the company’s stock worth $255,010,000 after acquiring an additional 1,864,900 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in APA by 13.6% in the third quarter. Dimensional Fund Advisors LP now owns 14,030,230 shares of the company’s stock worth $340,657,000 after acquiring an additional 1,674,739 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in APA by 29.6% in the third quarter. Northern Trust Corp now owns 4,462,476 shares of the company’s stock worth $108,349,000 after acquiring an additional 1,018,326 shares in the last quarter. Institutional investors and hedge funds own 83.01% of the company’s stock.

APA News Summary

Here are the key news stories impacting APA this week:

APA Company Profile

(Get Free Report)

APA Corporation (NASDAQ: APA) is an independent exploration and production company engaged in the acquisition, development and production of oil and natural gas resources. The company operates through three core regions: the United States, Egypt and the North Sea. Through its integrated approach, APA combines geological and geophysical expertise with technical innovation to identify and develop hydrocarbons in both onshore and offshore settings.

In the United States, APA’s largest position is in the Permian Basin of West Texas and southeastern New Mexico, where it holds substantial acreage dedicated to oil-focused drilling and production.

See Also

Analyst Recommendations for APA (NASDAQ:APA)

Receive News & Ratings for APA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for APA and related companies with MarketBeat.com's FREE daily email newsletter.