APA (NASDAQ:APA) Price Target Raised to $36.00 at Scotiabank

APA (NASDAQ:APA) had its price objective hoisted by Scotiabank from $26.00 to $36.00 in a research note released on Wednesday,Benzinga reports. Scotiabank currently has a sector perform rating on the stock.

APA has been the topic of a number of other reports. TD Cowen raised shares of APA to a “hold” rating in a research note on Monday, February 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of APA in a research report on Monday, December 29th. Wells Fargo & Company increased their price target on APA from $21.00 to $39.00 and gave the company an “equal weight” rating in a research note on Thursday, April 9th. Raymond James Financial lifted their price objective on APA from $31.00 to $45.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 25th. Finally, Royal Bank Of Canada upped their price objective on APA from $29.00 to $45.00 and gave the company a “sector perform” rating in a report on Wednesday, April 8th. Seven research analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, APA presently has a consensus rating of “Hold” and a consensus target price of $39.50.

APA Stock Performance

Shares of NASDAQ:APA opened at $38.06 on Wednesday. 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 1-year low of $15.20 and a 1-year high of $45.66. The stock has a market capitalization of $13.45 billion, a P/E ratio of 9.54 and a beta of 0.49. The business has a 50-day moving average price of $35.43 and a two-hundred day moving average price of $28.48.

APA (NASDAQ:APA) last issued its earnings results on Wednesday, February 25th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.29. APA had a net margin of 15.55% and a return on equity of 19.89%. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same quarter last year, the firm earned $0.79 EPS. The company’s revenue for the quarter was down 26.6% on a year-over-year basis. Equities analysts predict that APA will post 4.28 earnings per share for the current year.

APA Dividend Announcement

The company also recently announced 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. The ex-dividend date is Wednesday, April 22nd. This represents a $1.00 annualized dividend and a yield of 2.6%. APA’s dividend payout ratio (DPR) is 25.06%.

Insider Buying and Selling at APA

In other news, Director Matthew Regis Bob sold 23,000 shares of the business’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $36.23, for a total value of $833,290.00. Following the completion of the transaction, the director owned 6,634 shares of the company’s stock, valued at $240,349.82. The trade was a 77.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.69% of the stock is currently owned by corporate insiders.

Institutional Trading of APA

Several hedge funds have recently added to or reduced their stakes in the business. United Capital Management of KS Inc. bought a new stake in APA during the 3rd quarter worth approximately $1,214,000. Allspring Global Investments Holdings LLC raised its holdings in APA by 869.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 194,418 shares of the company’s stock worth $4,872,000 after buying an additional 174,369 shares during the period. Jackson Creek Investment Advisors LLC bought a new position in APA in the third quarter valued at approximately $2,337,000. AE Wealth Management LLC lifted its stake in APA by 2,049.4% in the third quarter. AE Wealth Management LLC now owns 403,511 shares of the company’s stock valued at $9,797,000 after buying an additional 384,738 shares in the last quarter. Finally, D.A. Davidson & CO. acquired a new position in shares of APA in the third quarter valued at approximately $1,828,000. Institutional investors and hedge funds own 83.01% of the company’s stock.

Trending Headlines about APA

Here are the key news stories impacting APA this week:

• Positive Sentiment: Susquehanna raised its price target to $47 and maintained a “positive” rating, signaling meaningful upside and likely contributing to buying interest. Read More.
• Positive Sentiment: Truist Financial analyst said APA’s stock price is expected to rise, reflecting bullish analyst sentiment that can support further gains. Read More.
• Positive Sentiment: Zacks published a note highlighting APA’s recent outperformance versus the broader market, which can attract momentum traders and confirm positive sentiment. Read More.
• Neutral Sentiment: Scotiabank raised its price target to $36 but kept a “sector perform” rating — the new target is roughly in line with the stock and may be read as neither strong buy nor sell pressure. Read More.
• Negative Sentiment: Goldman Sachs bumped its target to $31 but kept a “sell” rating, a continued bearish signal that can limit upside and weigh on investor sentiment. Read More. Read More.
• Negative Sentiment: Advocacy groups have urged an FTC probe into APA over alleged contradictory stances on gender‑affirming care for minors — a reputational and regulatory risk that could prompt selling or increased volatility until resolved. Read More. Read More.

APA Company Profile

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.