APA (NASDAQ:APA) Price Target Raised to $36.00

APA (NASDAQ:APA) had its target price lifted by Scotiabank from $26.00 to $36.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The brokerage currently has a sector perform rating on the stock.

A number of other brokerages have also recently issued reports on APA. The Goldman Sachs Group lifted their price objective on APA from $30.00 to $31.00 and gave the company a “sell” rating in a report on Tuesday. Zacks Research upgraded APA from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 26th. Weiss Ratings restated a “hold (c)” rating on shares of APA in a research note on Monday, December 29th. Mizuho raised their target price on APA from $24.00 to $29.00 and gave the company an “underperform” rating in a research note on Tuesday, March 17th. Finally, Piper Sandler raised their target price on APA from $30.00 to $37.00 and gave the company a “neutral” rating in a research note on Thursday, March 12th. Seven analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $39.50.

APA Stock Down 2.4%

Shares of APA stock opened at $37.73 on Wednesday. The stock has a market capitalization of $13.33 billion, a P/E ratio of 9.46 and a beta of 0.49. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.61. The stock has a 50 day moving average price of $35.86 and a two-hundred day moving average price of $28.64. APA has a 12-month low of $15.20 and a 12-month high of $45.66.

APA (NASDAQ:APA) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.29. The company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.89 billion. APA had a return on equity of 19.89% and a net margin of 15.55%.APA’s revenue for the quarter was down 26.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.79 earnings per share. Equities analysts expect that APA will post 4.28 earnings per share for the current year.

APA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Wednesday, April 22nd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, April 22nd. This represents a $1.00 annualized dividend and a dividend yield of 2.7%. APA’s payout ratio is 25.06%.

Insider Buying and Selling at APA

In other APA news, Director Matthew Regis Bob sold 23,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $36.23, for a total transaction of $833,290.00. Following the transaction, the director owned 6,634 shares of the company’s stock, valued at $240,349.82. The trade was a 77.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.69% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. United Capital Management of KS Inc. bought a new stake in shares of APA during the third quarter valued at approximately $1,214,000. Allspring Global Investments Holdings LLC raised its stake in shares of APA by 869.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 194,418 shares of the company’s stock valued at $4,872,000 after acquiring an additional 174,369 shares in the last quarter. Jackson Creek Investment Advisors LLC bought a new stake in shares of APA during the third quarter valued at approximately $2,337,000. AE Wealth Management LLC raised its stake in shares of APA by 2,049.4% during the third quarter. AE Wealth Management LLC now owns 403,511 shares of the company’s stock valued at $9,797,000 after acquiring an additional 384,738 shares in the last quarter. Finally, D.A. Davidson & CO. bought a new stake in shares of APA during the third quarter valued at approximately $1,828,000. 83.01% of the stock is currently owned by institutional investors.

Key Headlines Impacting APA

Here are the key news stories impacting APA this week:

• Positive Sentiment: Sector tailwind — APA benefited from a rally in oil prices this week, which lifted energy names and provided fundamental support for producers’ cash flow and margins. APA (APA) Rallied Following the Surge in Oil Prices
• Positive Sentiment: Analyst upgrades — Scotiabank raised its APA price target to $36, signaling improved analyst sentiment on the name. Scotiabank Increases APA Price Target to $36
• Positive Sentiment: More bullish research — Goldman Sachs and at least one sell-side note (Susquehanna) have issued bullish commentary/price-target support recently, reinforcing buy-side interest. Goldman Sachs Boosts APA Price Target
• Neutral Sentiment: Sector stock-picking pieces highlight energy names including APA as potential opportunities; useful for flow into the sector but not company-specific. Why Investors Need to Take Advantage of These 2 Oils and Energy Stocks Now
• Neutral Sentiment: Short-interest data reported for April appears anomalous (zero/NaN values) and does not show a meaningful build that would indicate a large short-squeeze risk or sustained bearish positioning. (Internal short-interest entry)
• Neutral Sentiment: Several brief market-wrap pieces noted APA outperforming the broader market on recent sessions; these are descriptive rather than catalytic. APA Outperforms Broader Market
• Neutral Sentiment: Miscellaneous/irrelevant coverage (e.g., a style-guide article) is noise and not material to APA Corporation’s fundamentals. Master APA 7 style without the stress
• Negative Sentiment: Market selling / profit-taking — a market note flags that APA is trading down and outlines near-term selling pressure as one driver of the decline. That reduces near-term upside despite positive fundamentals. APA Corporation (APA) stock trades down, here is why
• Negative Sentiment: Local environmental/PR risk — a report shows environmental groups pressing for protections in the Adirondacks; while likely peripheral, such issues can create permit/PR headwinds if tied to company activities or confuse investors (the article may refer to a different “APA”). Environmental groups ask APA to protect remoteness in Adirondack Park

About APA

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.