APA Corporation (NASDAQ:APA) Receives $26.73 Average Target Price from Brokerages

Shares of APA Corporation (NASDAQ:APA) have received a consensus rating of “Hold” from the twenty-five analysts that are presently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, sixteen have given a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $26.7273.

Several research firms recently commented on APA. Capital One Financial increased their target price on shares of APA from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Wednesday, November 19th. UBS Group boosted their target price on APA from $26.00 to $30.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Royal Bank Of Canada raised their price target on APA from $24.00 to $25.00 and gave the stock a “sector perform” rating in a research report on Monday, November 17th. Roth Capital boosted their price objective on APA from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Wednesday, October 15th. Finally, Wolfe Research increased their price objective on APA from $35.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, October 20th.

Institutional Trading of APA

Large investors have recently modified their holdings of the business. Deseret Mutual Benefit Administrators lifted its holdings in APA by 276.7% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 1,213 shares of the company’s stock worth $29,000 after buying an additional 891 shares during the period. Atlantic Union Bankshares Corp bought a new stake in APA in the third quarter valued at $34,000. Spire Wealth Management increased its position in APA by 179.6% during the 3rd quarter. Spire Wealth Management now owns 1,521 shares of the company’s stock valued at $37,000 after purchasing an additional 977 shares during the period. Community Bank N.A. purchased a new stake in shares of APA in the 3rd quarter worth about $43,000. Finally, CVA Family Office LLC boosted its stake in shares of APA by 6,096.7% during the 2nd quarter. CVA Family Office LLC now owns 1,859 shares of the company’s stock valued at $34,000 after purchasing an additional 1,829 shares in the last quarter. 83.01% of the stock is owned by institutional investors.

APA Stock Up 1.3%

Shares of NASDAQ:APA opened at $24.70 on Wednesday. The firm has a fifty day moving average of $24.39 and a 200 day moving average of $22.38. APA has a 52-week low of $13.58 and a 52-week high of $27.72. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.78 and a current ratio of 0.78. The firm has a market capitalization of $8.76 billion, a PE ratio of 5.94, a price-to-earnings-growth ratio of 6.57 and a beta of 0.75.

APA (NASDAQ:APA) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.19. The firm had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.06 billion. APA had a return on equity of 19.86% and a net margin of 15.49%.The company’s revenue was down 16.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 earnings per share. As a group, research analysts anticipate that APA will post 4.03 EPS for the current fiscal year.

APA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, February 23rd. Shareholders of record on Thursday, January 22nd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, January 22nd. This represents a $1.00 annualized dividend and a yield of 4.0%. APA’s dividend payout ratio is presently 24.04%.

APA Company Profile

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.