APA (NASDAQ:APA) Price Target Raised to $57.00 at Susquehanna

APA (NASDAQ:APA) had its target price increased by Susquehanna from $54.00 to $57.00 in a research report sent to investors on Tuesday morning, Benzinga reports. They currently have a positive rating on the stock.

Several other research firms also recently issued reports on APA. Mizuho dropped their target price on APA from $34.00 to $32.00 and set an underperform rating on the stock in a research report on Thursday, May 2nd. Scotiabank reaffirmed a sector perform rating and set a $37.00 target price (down previously from $43.00) on shares of APA in a report on Tuesday, January 16th. Truist Financial lowered their price target on shares of APA from $59.00 to $53.00 and set a buy rating on the stock in a report on Friday, April 5th. Raymond James reduced their price objective on shares of APA from $44.00 to $43.00 and set a strong-buy rating for the company in a research note on Wednesday, January 24th. Finally, Wells Fargo & Company initiated coverage on shares of APA in a research note on Wednesday, April 24th. They issued an overweight rating and a $55.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $42.20.

APA Trading Up 1.1 %

Shares of APA opened at $30.26 on Tuesday. APA has a fifty-two week low of $28.90 and a fifty-two week high of $46.15. The business has a 50-day moving average of $32.53 and a 200 day moving average of $33.91. The firm has a market cap of $9.11 billion, a P/E ratio of 3.37 and a beta of 3.29. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.16 and a current ratio of 1.16.

APA (NASDAQ:APA) last posted its earnings results on Thursday, May 2nd. The company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.12). The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.89 billion. APA had a return on equity of 45.32% and a net margin of 34.04%. APA’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.19 EPS. As a group, research analysts forecast that APA will post 5.03 EPS for the current year.

APA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Monday, April 22nd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.30%. The ex-dividend date is Friday, April 19th. APA’s dividend payout ratio (DPR) is presently 11.19%.

Institutional Trading of APA

Several hedge funds have recently added to or reduced their stakes in APA. Daiwa Securities Group Inc. lifted its stake in shares of APA by 28.9% in the 4th quarter. Daiwa Securities Group Inc. now owns 33,246 shares of the company’s stock valued at $1,193,000 after acquiring an additional 7,461 shares during the last quarter. Ferguson Wellman Capital Management Inc. boosted its stake in shares of APA by 3.2% during the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 1,237,787 shares of the company’s stock valued at $44,412,000 after purchasing an additional 38,505 shares during the period. GAMMA Investing LLC bought a new position in shares of APA in the fourth quarter worth approximately $95,000. AustralianSuper Pty Ltd increased its stake in shares of APA by 14.3% in the fourth quarter. AustralianSuper Pty Ltd now owns 726,126 shares of the company’s stock worth $26,053,000 after buying an additional 90,610 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of APA by 1.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,531,313 shares of the company’s stock worth $104,037,000 after buying an additional 24,182 shares during the period. 83.01% of the stock is owned by institutional investors.

About APA

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.