APA Co. (NASDAQ:APA – Get Free Report) has received an average rating of “Hold” from the twenty brokerages that are covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $40.52.
Several analysts have issued reports on APA shares. Truist Financial cut their price objective on APA from $59.00 to $53.00 and set a “buy” rating on the stock in a research note on Friday, April 5th. The Goldman Sachs Group decreased their price objective on shares of APA from $35.00 to $31.00 and set a “sell” rating for the company in a report on Tuesday, March 26th. JPMorgan Chase & Co. increased their target price on shares of APA from $38.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Mizuho lifted their price target on shares of APA from $34.00 to $35.00 and gave the company an “underperform” rating in a report on Tuesday, May 21st. Finally, Roth Mkm increased their price objective on shares of APA from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd.
Read Our Latest Research Report on APA
Institutional Investors Weigh In On APA
APA Stock Performance
APA stock opened at $28.64 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.42. The stock has a 50 day moving average of $30.01 and a 200-day moving average of $31.84. The stock has a market cap of $10.63 billion, a P/E ratio of 3.20, a price-to-earnings-growth ratio of 0.34 and a beta of 3.24. APA has a 52 week low of $27.17 and a 52 week high of $46.15.
APA (NASDAQ:APA – Get Free Report) last announced 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). The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.89 billion. APA had a return on equity of 45.32% and a net margin of 34.04%. APA’s revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.19 earnings per share. On average, analysts expect that APA will post 4.47 EPS for the current fiscal year.
APA Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 22nd. Stockholders of record on Monday, July 22nd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.49%. The ex-dividend date of this dividend is Monday, July 22nd. APA’s dividend payout ratio (DPR) is presently 11.19%.
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.
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