APA (NASDAQ:APA) Price Target Increased to $54.00 by Analysts at Susquehanna

APA (NASDAQ:APA) had its price objective increased by Susquehanna from $50.00 to $54.00 in a research note published on Monday morning, Benzinga reports. Susquehanna currently has a positive rating on the stock.

A number of other equities research analysts have also recently issued reports on APA. Piper Sandler lifted their price target on shares of APA from $33.00 to $35.00 and gave the company a neutral rating in a research note on Friday, April 19th. Royal Bank of Canada restated a sector perform rating and issued a $45.00 price objective on shares of APA in a report on Monday, April 8th. Barclays began coverage on APA in a report on Wednesday, April 10th. They issued an equal weight rating and a $40.00 price objective on the stock. Johnson Rice lowered APA from a buy rating to a hold rating and set a $40.00 price objective on the stock. in a report on Friday, January 5th. Finally, Roth Mkm raised their price objective on APA from $37.00 to $39.00 and gave the company a buy rating in a report on Tuesday, April 2nd. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of Hold and an average target price of $42.25.

APA Price Performance

APA stock opened at $32.05 on Monday. The company’s fifty day moving average price is $32.51 and its 200 day moving average price is $34.52. APA has a 1 year low of $29.47 and a 1 year high of $46.15. The stock has a market capitalization of $9.65 billion, a P/E ratio of 3.45 and a beta of 3.27. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.02 and a current ratio of 1.02.

APA (NASDAQ:APA) last released its quarterly earnings results on Thursday, February 22nd. The company reported $1.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.18). APA had a net margin of 34.95% and a return on equity of 62.64%. The company had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.07 billion. During the same period in the prior year, the business posted $1.48 EPS. APA’s revenue was down 12.3% compared to the same quarter last year. As a group, equities research analysts anticipate that APA will post 4.96 earnings per share for the current fiscal year.

APA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Monday, April 22nd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, April 19th. This represents a $1.00 annualized dividend and a dividend yield of 3.12%. APA’s dividend payout ratio is presently 10.78%.

Institutional Trading of APA

Several institutional investors and hedge funds have recently bought and sold shares of APA. Harris Associates L P raised its holdings in APA by 17.8% in the 4th quarter. Harris Associates L P now owns 15,705,693 shares of the company’s stock valued at $563,520,000 after buying an additional 2,367,570 shares during the period. Vanguard Group Inc. grew its position in APA by 5.0% in the 3rd quarter. Vanguard Group Inc. now owns 41,719,129 shares of the company’s stock valued at $1,714,656,000 after acquiring an additional 2,003,862 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in APA by 10.6% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 20,299,538 shares of the company’s stock valued at $728,347,000 after acquiring an additional 1,938,335 shares in the last quarter. Ameriprise Financial Inc. grew its position in APA by 130.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,534,209 shares of the company’s stock valued at $63,037,000 after acquiring an additional 867,257 shares in the last quarter. Finally, Los Angeles Capital Management LLC grew its position in APA by 1,527.3% in the 3rd quarter. Los Angeles Capital Management LLC now owns 921,662 shares of the company’s stock valued at $37,880,000 after acquiring an additional 865,026 shares in the last quarter. 83.01% of the stock is currently owned by hedge funds and other 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.