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

APA Co. (NASDAQ:APA) has been given an average recommendation of “Hold” by the twenty brokerages that are currently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $32.81.

APA has been the topic of a number of recent analyst reports. Wells Fargo & Company cut their price objective on APA from $49.00 to $47.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 1st. UBS Group dropped their price target on shares of APA from $29.00 to $28.00 and set a “neutral” rating on the stock in a research report on Monday. Scotiabank decreased their price objective on shares of APA from $30.00 to $27.00 and set a “sector perform” rating for the company in a report on Thursday, October 10th. Barclays lowered their target price on shares of APA from $30.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Friday, November 8th. Finally, Piper Sandler cut their target price on shares of APA from $28.00 to $26.00 and set a “neutral” rating for the company in a research report on Monday.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. raised its holdings in APA by 67.7% during the 1st quarter. Russell Investments Group Ltd. now owns 123,843 shares of the company’s stock worth $4,257,000 after purchasing an additional 50,016 shares during the last quarter. Blair William & Co. IL bought a new stake in shares of APA during the first quarter worth approximately $256,000. Vanguard Group Inc. lifted its holdings in APA by 4.7% in the first quarter. Vanguard Group Inc. now owns 44,648,084 shares of the company’s stock valued at $1,535,001,000 after buying an additional 2,004,555 shares during the period. Covestor Ltd boosted its stake in APA by 75.4% in the first quarter. Covestor Ltd now owns 1,093 shares of the company’s stock valued at $38,000 after acquiring an additional 470 shares during the last quarter. Finally, UniSuper Management Pty Ltd grew its holdings in APA by 678.8% during the 1st quarter. UniSuper Management Pty Ltd now owns 32,919 shares of the company’s stock worth $1,132,000 after acquiring an additional 28,692 shares during the period. Institutional investors own 83.01% of the company’s stock.

APA Trading Up 0.4 %

Shares of NASDAQ APA opened at $22.46 on Tuesday. The business has a 50 day simple moving average of $24.46 and a 200 day simple moving average of $27.60. APA has a 52 week low of $21.15 and a 52 week high of $37.82. The stock has a market cap of $8.31 billion, a price-to-earnings ratio of 3.17 and a beta of 3.24. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.24 and a current ratio of 1.24.

APA Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 4.45%. The ex-dividend date of this dividend is Tuesday, October 22nd. APA’s dividend payout ratio is currently 14.12%.

APA Company Profile

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.