APA (NASDAQ:APA) Price Target Cut to $25.00 by Analysts at Barclays

APA (NASDAQ:APA) had its price target lowered by Barclays from $27.00 to $25.00 in a research report released on Tuesday,Benzinga reports. The firm currently has an equal weight rating on the stock.

Several other brokerages have also recently weighed in on APA. The Goldman Sachs Group lowered their price objective on shares of APA from $25.00 to $22.00 and set a “sell” rating on the stock in a research note on Friday, January 3rd. JPMorgan Chase & Co. reduced their target price on shares of APA from $23.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Citigroup dropped their price target on shares of APA from $24.00 to $20.00 and set a “neutral” rating on the stock in a research note on Monday. Susquehanna cut their price objective on shares of APA from $33.00 to $31.00 and set a “positive” rating for the company in a research report on Monday, March 3rd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $32.00 target price on shares of APA in a report on Thursday, January 23rd. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, APA presently has a consensus rating of “Hold” and an average target price of $28.60.

APA Stock Up 0.7 %

Shares of APA stock opened at $20.17 on Tuesday. The company has a market cap of $7.34 billion, a price-to-earnings ratio of 2.85 and a beta of 3.26. The company’s 50 day moving average is $22.15 and its 200 day moving average is $23.17. APA has a twelve month low of $17.66 and a twelve month high of $36.05. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.03.

APA (NASDAQ:APA) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.18). APA had a net margin of 24.36% and a return on equity of 27.86%. The firm had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.31 billion. Research analysts anticipate that APA will post 4.03 EPS for the current year.

APA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Tuesday, April 22nd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 4.96%. APA’s dividend payout ratio is presently 44.25%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. lifted its holdings in APA by 1,087.9% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,176 shares of the company’s stock worth $27,000 after purchasing an additional 1,077 shares in the last quarter. TD Private Client Wealth LLC lifted its holdings in APA by 84.1% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company’s stock worth $29,000 after purchasing an additional 540 shares in the last quarter. Riverview Trust Co lifted its holdings in APA by 5,718.2% in the 4th quarter. Riverview Trust Co now owns 1,280 shares of the company’s stock worth $30,000 after purchasing an additional 1,258 shares in the last quarter. Wilmington Savings Fund Society FSB lifted its holdings in APA by 77.9% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company’s stock worth $31,000 after purchasing an additional 586 shares in the last quarter. Finally, Runnymede Capital Advisors Inc. purchased a new position in APA in the 4th quarter worth approximately $35,000. 83.01% of the stock is owned by hedge funds and other institutional investors.

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.