APA (NASDAQ:APA) Price Target Raised to $32.00 at Capital One Financial

APA (NASDAQ:APA) had its price objective increased by Capital One Financial from $31.00 to $32.00 in a research note published on Wednesday morning,MarketScreener reports. Capital One Financial currently has an overweight rating on the stock.

A number of other research analysts also recently weighed in on APA. UBS Group increased their target price on shares of APA from $30.00 to $34.00 and gave the company a “neutral” rating in a research report on Monday, March 2nd. Susquehanna increased their price target on APA from $32.00 to $37.00 and gave the stock a “positive” rating in a research note on Tuesday, March 3rd. Morgan Stanley lowered their price objective on APA from $23.00 to $21.00 and set an “underweight” rating on the stock in a research note on Friday, January 23rd. William Blair started coverage on shares of APA in a report on Wednesday, November 26th. They set an “outperform” rating and a $32.00 target price on the stock. Finally, JPMorgan Chase & Co. increased their target price on APA from $25.00 to $29.00 and gave the stock a “neutral” rating in a research report on Friday, February 27th. Seven equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $29.63.

APA Stock Performance

NASDAQ APA opened at $32.97 on Wednesday. APA has a 1 year low of $13.58 and a 1 year high of $33.78. The company has a fifty day moving average price of $27.51 and a 200-day moving average price of $25.20. The firm has a market cap of $11.65 billion, a price-to-earnings ratio of 8.26, a PEG ratio of 16.50 and a beta of 0.67. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.82 and a quick ratio of 0.82.

APA (NASDAQ:APA) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.29. The business 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%.APA’s quarterly revenue was down 26.6% compared to the same quarter last year. During the same period last year, the company posted $0.79 earnings per share. As a group, equities research analysts predict that APA will post 4.03 EPS for the current fiscal year.

APA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Wednesday, April 22nd will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Wednesday, April 22nd. APA’s dividend payout ratio (DPR) is 25.06%.

Institutional Investors Weigh In On APA

Institutional investors and hedge funds have recently bought and sold shares of the stock. Deseret Mutual Benefit Administrators lifted its holdings in shares of APA by 276.7% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 1,213 shares of the company’s stock worth $29,000 after acquiring an additional 891 shares during the last quarter. Summit Securities Group LLC increased its stake in APA by 115.1% in the fourth quarter. Summit Securities Group LLC now owns 1,327 shares of the company’s stock valued at $32,000 after acquiring an additional 710 shares during the last quarter. Atlantic Union Bankshares Corp bought a new position in APA in the third quarter valued at $34,000. Spire Wealth Management raised its position in APA by 179.6% during the third quarter. Spire Wealth Management now owns 1,521 shares of the company’s stock valued at $37,000 after purchasing an additional 977 shares in the last quarter. Finally, Camelot Portfolios LLC bought a new stake in APA during the fourth quarter worth about $37,000. 83.01% of the stock is owned by hedge funds and other institutional investors.

About APA

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.