Recent Analysts’ Ratings Updates for APA (APA)

A number of research firms have changed their ratings and price targets for APA (NASDAQ: APA):

• 11/26/2024 – APA had its price target lowered by analysts at Citigroup Inc. from $29.00 to $24.00. They now have a “neutral” rating on the stock.
• 11/18/2024 – APA had its price target lowered by analysts at UBS Group AG from $29.00 to $28.00. They now have a “neutral” rating on the stock.
• 11/18/2024 – APA had its price target lowered by analysts at Piper Sandler from $28.00 to $26.00. They now have a “neutral” rating on the stock.
• 11/13/2024 – APA had its price target lowered by analysts at JPMorgan Chase & Co. from $29.00 to $25.00. They now have a “neutral” rating on the stock.
• 11/11/2024 – APA had its price target lowered by analysts at Royal Bank of Canada from $34.00 to $32.00. They now have a “sector perform” rating on the stock.
• 11/8/2024 – APA had its price target lowered by analysts at Barclays PLC from $30.00 to $27.00. They now have an “equal weight” rating on the stock.
• 11/8/2024 – APA had its price target lowered by analysts at Truist Financial Co. from $36.00 to $33.00. They now have a “buy” rating on the stock.
• 10/18/2024 – APA had its price target lowered by analysts at Susquehanna from $52.00 to $48.00. They now have a “positive” rating on the stock.
• 10/18/2024 – APA had its price target lowered by analysts at JPMorgan Chase & Co. from $36.00 to $27.00. They now have a “neutral” rating on the stock.
• 10/18/2024 – APA had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $26.00 to $25.00.
• 10/18/2024 – APA had its price target lowered by analysts at Citigroup Inc. from $32.00 to $29.00.
• 10/18/2024 – APA had its price target lowered by analysts at Bernstein Bank from $30.00 to $28.00.
• 10/15/2024 – APA had its price target lowered by analysts at Piper Sandler from $29.00 to $28.00. They now have a “neutral” rating on the stock.
• 10/10/2024 – APA had its price target lowered by analysts at Scotiabank from $30.00 to $27.00. They now have a “sector perform” rating on the stock.
• 10/9/2024 – APA had its price target raised by analysts at Truist Financial Co. from $34.00 to $36.00. They now have a “buy” rating on the stock.
• 10/7/2024 – APA had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $30.00 to $26.00. They now have a “sell” rating on the stock.

APA Price Performance

Shares of NASDAQ:APA opened at $22.34 on Tuesday. APA Co. has a 12 month low of $21.15 and a 12 month high of $37.82. The firm has a market capitalization of $8.26 billion, a price-to-earnings ratio of 3.16 and a beta of 3.24. The business’s 50 day simple moving average is $24.10 and its 200-day simple moving average is $27.11. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.24 and a quick ratio of 1.24.

APA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Tuesday, October 22nd were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.48%. The ex-dividend date was Tuesday, October 22nd. APA’s dividend payout ratio (DPR) is presently 14.12%.

Institutional Investors Weigh In On APA

Large investors have recently added to or reduced their stakes in the company. Harris Associates L P grew its position in shares of APA by 20.8% during the 3rd quarter. Harris Associates L P now owns 24,914,700 shares of the company’s stock valued at $609,414,000 after buying an additional 4,293,932 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in shares of APA by 12.6% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 30,471,834 shares of the company’s stock worth $745,341,000 after purchasing an additional 3,411,270 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of APA by 131.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,813,655 shares of the company’s stock worth $141,704,000 after purchasing an additional 2,736,041 shares during the last quarter. Mizuho Securities USA LLC boosted its position in APA by 3,450.8% during the 3rd quarter. Mizuho Securities USA LLC now owns 985,907 shares of the company’s stock valued at $24,115,000 after purchasing an additional 958,141 shares during the period. Finally, AQR Capital Management LLC boosted its position in APA by 112.6% during the 2nd quarter. AQR Capital Management LLC now owns 1,448,935 shares of the company’s stock valued at $42,092,000 after purchasing an additional 767,557 shares during the period. 83.01% of the stock is owned by institutional investors and hedge funds.

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.