APA (NASDAQ:APA) Price Target Raised to $26.00

APA (NASDAQ:APA) had its price target increased by Sanford C. Bernstein from $22.00 to $26.00 in a report released on Friday,MarketScreener reports. They currently have a market perform rating on the stock.

Other research analysts have also recently issued research reports about the company. Capital One Financial boosted their price objective on APA from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 19th. BMO Capital Markets upped their price target on shares of APA from $28.00 to $30.00 and gave the company a “market perform” rating in a report on Monday, October 13th. Morgan Stanley increased their price objective on shares of APA from $22.00 to $23.00 and gave the company an “underweight” rating in a research note on Thursday. Royal Bank Of Canada boosted their target price on shares of APA from $24.00 to $25.00 and gave the stock a “sector perform” rating in a research report on Monday, November 17th. Finally, Mizuho upped their target price on shares of APA from $18.00 to $20.00 and gave the company an “underperform” rating in a research note on Thursday, October 16th. Four analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, APA has an average rating of “Hold” and an average price target of $25.25.

APA Price Performance

Shares of NASDAQ APA opened at $23.95 on Friday. APA has a one year low of $13.58 and a one year high of $25.83. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market capitalization of $8.49 billion, a P/E ratio of 8.01, a PEG ratio of 6.28 and a beta of 1.12. The company’s fifty day moving average is $23.68 and its two-hundred day moving average is $21.00.

APA (NASDAQ:APA) last announced its earnings results on Wednesday, November 5th. The company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.19. The firm had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.06 billion. APA had a return on equity of 20.98% and a net margin of 10.53%.APA’s quarterly revenue was down 16.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.00 EPS. Analysts forecast that APA will post 4.03 EPS for the current fiscal year.

APA Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Wednesday, October 22nd were given a $0.25 dividend. The ex-dividend date was Wednesday, October 22nd. This represents a $1.00 annualized dividend and a yield of 4.2%. APA’s dividend payout ratio (DPR) is currently 24.04%.

Institutional Investors Weigh In On APA

Large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in shares of APA by 46.8% during the first quarter. Dimensional Fund Advisors LP now owns 9,080,787 shares of the company’s stock worth $190,876,000 after buying an additional 2,894,543 shares during the period. AQR Capital Management LLC boosted its position in APA by 157.1% during the 2nd 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 during the period. Nuveen LLC acquired a new position in APA during the 1st quarter worth $22,533,000. Charles Schwab Investment Management Inc. grew its stake in shares of APA by 8.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 13,932,980 shares of the company’s stock worth $292,871,000 after purchasing an additional 1,046,893 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its stake in shares of APA by 2.9% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 36,439,749 shares of the company’s stock worth $765,964,000 after purchasing an additional 1,029,961 shares in 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.