APA Co. (NASDAQ:APA) Given Consensus Recommendation of “Hold” by Brokerages

APA Co. (NASDAQ:APA) 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.

Institutional Investors Weigh In On APA

Institutional investors have recently added to or reduced their stakes in the company. American National Bank lifted its holdings in shares of APA by 208.5% in the first quarter. American National Bank now owns 725 shares of the company’s stock valued at $25,000 after buying an additional 490 shares during the period. Quent Capital LLC lifted its holdings in APA by 64.0% in the 4th quarter. Quent Capital LLC now owns 961 shares of the company’s stock valued at $34,000 after acquiring an additional 375 shares during the last quarter. Rakuten Securities Inc. bought a new position in shares of APA during the 4th quarter valued at about $34,000. Covestor Ltd boosted its position in shares of APA by 75.4% during the 1st quarter. Covestor Ltd now owns 1,093 shares of the company’s stock valued at $38,000 after purchasing an additional 470 shares in the last quarter. Finally, Principal Securities Inc. acquired a new position in shares of APA in the 4th quarter worth approximately $39,000. 83.01% of the stock is currently owned by institutional investors and hedge funds.

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) 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.