APA (NASDAQ:APA) Price Target Raised to $47.00

APA (NASDAQ:APA) had its target price boosted by Susquehanna from $45.00 to $47.00 in a research report sent to investors on Tuesday, Marketbeat reports. The firm currently has a positive rating on the stock.

APA has been the subject of a number of other reports. Stephens upped their price target on shares of APA from $43.00 to $47.00 in a report on Wednesday, June 10th. Truist Financial boosted their target price on shares of APA from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Monday. Jefferies Financial Group increased their target price on shares of APA from $26.00 to $36.00 and gave the company a “hold” rating in a research note on Monday, April 13th. Citigroup reissued a “neutral” rating on shares of APA in a research note on Tuesday, July 21st. Finally, The Goldman Sachs Group reduced their target price on shares of APA from $34.00 to $32.00 and set a “sell” rating for the company in a report on Tuesday, June 30th. Nine research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $41.30.

APA Stock Up 0.1%

Shares of APA stock opened at $40.00 on Tuesday. APA has a 1 year low of $19.96 and a 1 year high of $45.66. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.95 and a current ratio of 0.95. The business’s fifty day moving average is $35.31 and its 200-day moving average is $35.16. The stock has a market cap of $14.01 billion, a PE ratio of 8.46 and a beta of 0.35.

APA (NASDAQ:APA) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.89 earnings per share for the quarter, missing the consensus estimate of $1.90 by ($0.01). APA had a net margin of 19.48% and a return on equity of 24.84%. The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same quarter last year, the company earned $0.87 EPS. Equities analysts expect that APA will post 5.25 earnings per share for the current fiscal year.

APA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Wednesday, July 22nd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, July 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 2.5%. APA’s dividend payout ratio (DPR) is currently 21.14%.

Insider Transactions at APA

In other APA news, VP Mark D. Maddox sold 9,800 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $40.04, for a total transaction of $392,392.00. Following the completion of the sale, the vice president directly owned 66,810 shares of the company’s stock, valued at approximately $2,675,072.40. This represents a 12.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.73% of the company’s stock.

Institutional Investors Weigh In On APA

Large investors have recently made changes to their positions in the company. Hollencrest Capital Management boosted its stake in APA by 520.8% in the 1st quarter. Hollencrest Capital Management now owns 596 shares of the company’s stock worth $25,000 after purchasing an additional 500 shares during the period. Cedar Mountain Advisors LLC acquired a new stake in APA during the 1st quarter valued at $28,000. Summit Securities Group LLC raised its stake in APA by 115.1% during the 4th quarter. Summit Securities Group LLC now owns 1,327 shares of the company’s stock valued at $32,000 after purchasing an additional 710 shares during the period. MidFirst Bank purchased a new stake in shares of APA in the second quarter valued at $33,000. Finally, Compass Financial Management LLC purchased a new stake in shares of APA in the second quarter valued at $33,000. Institutional investors and hedge funds own 83.01% of the company’s stock.

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.