APA (NASDAQ:APA) PT Lowered to $38.00 at Barclays

APA (NASDAQ:APA) had its price objective reduced by Barclays from $40.00 to $38.00 in a research note published on Thursday, Benzinga reports. They currently have an equal weight rating on the stock.

A number of other equities research analysts have also issued reports on APA. Royal Bank of Canada reissued a sector perform rating and issued a $45.00 target price on shares of APA in a research report on Monday, April 8th. Roth Mkm lifted their target price on APA from $37.00 to $39.00 and gave the company a buy rating in a research report on Tuesday, April 2nd. Scotiabank reissued a sector perform rating and set a $37.00 price target (down from $43.00) on shares of APA in a research report on Tuesday, January 16th. JPMorgan Chase & Co. upped their price objective on APA from $38.00 to $40.00 and gave the stock a neutral rating in a research note on Thursday, April 11th. Finally, The Goldman Sachs Group decreased their target price on shares of APA from $35.00 to $31.00 and set a sell rating for the company in a research note on Tuesday, March 26th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $42.05.

APA Trading Up 0.3 %

NASDAQ:APA opened at $29.26 on Thursday. APA has a fifty-two week low of $28.90 and a fifty-two week high of $46.15. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.16 and a quick ratio of 1.02. The stock has a market capitalization of $8.81 billion, a PE ratio of 3.27 and a beta of 3.29. The business’s 50-day simple moving average is $32.52 and its 200-day simple moving average is $34.13.

APA (NASDAQ:APA) last released its quarterly earnings data 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). APA had a net margin of 34.04% and a return on equity of 45.32%. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter last year, the firm earned $1.19 EPS. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. Sell-side analysts expect that APA will post 5.03 earnings per share for the current fiscal year.

APA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Monday, April 22nd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.42%. The ex-dividend date is Friday, April 19th. APA’s dividend payout ratio (DPR) is 11.19%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. American National Bank grew its position in APA by 208.5% during the first quarter. American National Bank now owns 725 shares of the company’s stock worth $25,000 after buying an additional 490 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of APA during the 3rd quarter valued at $34,000. Quent Capital LLC grew its holdings in shares of APA by 64.0% during the 4th quarter. Quent Capital LLC now owns 961 shares of the company’s stock worth $34,000 after purchasing an additional 375 shares in the last quarter. Rakuten Securities Inc. bought a new position in shares of APA in the fourth quarter worth $34,000. Finally, Principal Securities Inc. acquired a new position in APA in the fourth quarter valued at about $39,000. Institutional investors and hedge funds own 83.01% of the company’s stock.

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.