APA Co. (NASDAQ:APA) Given Average Rating of “Hold” by Brokerages

APA Co. (NASDAQ:APA) has earned a consensus recommendation of “Hold” from the twenty brokerages that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $32.81.

Several research firms recently weighed in on APA. JPMorgan Chase & Co. reduced their price objective on shares of APA from $29.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 13th. The Goldman Sachs Group cut their target price on shares of APA from $26.00 to $25.00 in a report on Friday, October 18th. Susquehanna decreased their price target on shares of APA from $52.00 to $48.00 and set a “positive” rating for the company in a report on Friday, October 18th. Barclays lowered their price objective on shares of APA from $30.00 to $27.00 and set an “equal weight” rating for the company in a research report on Friday, November 8th. Finally, Bernstein Bank reduced their target price on APA from $30.00 to $28.00 in a report on Friday, October 18th.

Institutional Trading of APA

Hedge funds and other institutional investors have recently modified their holdings of the stock. TD Private Client Wealth LLC lifted its holdings in APA by 84.1% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company’s stock worth $29,000 after purchasing an additional 540 shares during the last quarter. Sunbelt Securities Inc. increased its position in APA by 83.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 4,907 shares of the company’s stock worth $120,000 after buying an additional 2,236 shares during the period. Coldstream Capital Management Inc. lifted its holdings in shares of APA by 23.6% during the third quarter. Coldstream Capital Management Inc. now owns 12,162 shares of the company’s stock worth $296,000 after buying an additional 2,325 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of APA by 2.5% in the third quarter. Geode Capital Management LLC now owns 9,307,186 shares of the company’s stock valued at $226,928,000 after acquiring an additional 224,547 shares during the period. Finally, M&T Bank Corp grew its stake in shares of APA by 187.5% in the third quarter. M&T Bank Corp now owns 56,281 shares of the company’s stock valued at $1,377,000 after acquiring an additional 36,707 shares in the last quarter. Institutional investors own 83.01% of the company’s stock.

APA Price Performance

Shares of APA opened at $22.46 on Tuesday. The stock has a market cap of $8.31 billion, a P/E ratio of 3.17 and a beta of 3.24. APA has a 1 year low of $21.15 and a 1 year high of $37.82. The stock’s 50-day moving average price is $24.46 and its two-hundred day moving average price is $27.60. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.03.

APA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Tuesday, October 22nd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.45%. The ex-dividend date is Tuesday, October 22nd. APA’s dividend payout ratio is 14.12%.

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.