Susquehanna Trims APA (NASDAQ:APA) Target Price to $49.00

APA (NASDAQ:APAGet Rating) had its price target trimmed by Susquehanna from $52.00 to $49.00 in a research note issued to investors on Friday, The Fly reports. The firm currently has a positive rating on the stock.

Several other equities analysts have also commented on APA. Barclays decreased their price target on APA from $62.00 to $55.00 and set an overweight rating on the stock in a research note on Tuesday, July 12th. Morgan Stanley upped their price target on APA from $41.00 to $57.00 and gave the company an overweight rating in a research note on Friday, April 22nd. MKM Partners reissued a buy rating and set a $45.00 target price on shares of APA in a research note on Wednesday, July 20th. The Goldman Sachs Group decreased their target price on APA from $52.00 to $41.00 and set a neutral rating on the stock in a research note on Tuesday, July 5th. Finally, Piper Sandler decreased their target price on APA from $54.00 to $47.00 in a research note on Friday, July 22nd. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of $50.25.

APA Stock Up 3.5 %

Shares of NASDAQ:APA opened at $31.75 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.10 and a debt-to-equity ratio of 3.43. The business has a fifty day moving average of $38.48 and a two-hundred day moving average of $38.50. The stock has a market cap of $10.74 billion, a P/E ratio of 3.57, a PEG ratio of 0.17 and a beta of 3.90. APA has a 52-week low of $15.55 and a 52-week high of $51.95.

APA (NASDAQ:APAGet Rating) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $2.37 EPS for the quarter, missing the consensus estimate of $2.74 by ($0.37). APA had a net margin of 32.57% and a return on equity of 622.55%. During the same period last year, the business posted $0.70 earnings per share. On average, research analysts expect that APA will post 9.43 earnings per share for the current year.

APA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 22nd. Stockholders of record on Friday, July 22nd will be issued a $0.125 dividend. The ex-dividend date of this dividend is Thursday, July 21st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.57%. APA’s payout ratio is currently 5.62%.

Insider Buying and Selling

In related news, insider P Anthony Lannie sold 86,750 shares of the firm’s stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $41.26, for a total transaction of $3,579,305.00. Following the transaction, the insider now owns 58,844 shares in the company, valued at approximately $2,427,903.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.88% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of APA. BlackRock Inc. lifted its holdings in shares of APA by 3.6% in the 1st quarter. BlackRock Inc. now owns 23,689,667 shares of the company’s stock valued at $979,094,000 after buying an additional 820,623 shares during the period. Harris Associates L P raised its holdings in APA by 1.9% during the first quarter. Harris Associates L P now owns 19,504,569 shares of the company’s stock worth $806,123,000 after purchasing an additional 356,434 shares during the last quarter. Invesco Ltd. increased its position in APA by 17.0% during the fourth quarter. Invesco Ltd. now owns 17,493,238 shares of the company’s stock worth $470,392,000 after buying an additional 2,547,210 shares in the last quarter. Geode Capital Management LLC increased its position in APA by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 7,358,464 shares of the company’s stock worth $197,596,000 after buying an additional 80,497 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of APA by 11.8% in the first quarter. Bank of New York Mellon Corp now owns 3,933,329 shares of the company’s stock valued at $162,564,000 after purchasing an additional 414,886 shares during the period. 84.08% of the stock is currently owned by hedge funds and other institutional investors.

About APA

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APA Corporation, through its subsidiaries, explores for, develops, and produces oil and gas properties. It has operations in the United States, Egypt, and the United Kingdom, as well as has exploration activities offshore Suriname. The company also operates gathering, processing, and transmission assets in West Texas, as well as holds ownership in four Permian-to-Gulf Coast pipelines.

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