APA (NASDAQ:APA) Price Target Increased to $54.00 by Analysts at Susquehanna

APA (NASDAQ:APA) had its price objective hoisted by Susquehanna from $50.00 to $54.00 in a report released on Monday morning, Benzinga reports. Susquehanna currently has a positive rating on the stock.

Several other research analysts have also weighed in on APA. Scotiabank reiterated a sector perform rating and issued a $37.00 price objective (down previously from $43.00) on shares of APA in a research note on Tuesday, January 16th. Raymond James dropped their price target on shares of APA from $44.00 to $43.00 and set a strong-buy rating on the stock in a research note on Wednesday, January 24th. Piper Sandler increased their price target on shares of APA from $33.00 to $35.00 and gave the stock a neutral rating in a research note on Friday, April 19th. Morgan Stanley restated an underweight rating and set a $28.00 price target on shares of APA in a research note on Monday, April 15th. Finally, StockNews.com upgraded shares of APA from a hold rating to a buy rating in a research note on Friday, April 12th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, APA has a consensus rating of Hold and a consensus price target of $42.25.

APA Stock Up 1.0 %

APA stock opened at $32.36 on Monday. APA has a 12 month low of $29.47 and a 12 month high of $46.15. The firm has a market cap of $9.74 billion, a PE ratio of 3.49 and a beta of 3.27. The firm has a 50 day simple moving average of $32.53 and a 200 day simple moving average of $34.50. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.02 and a quick ratio of 1.02.

APA (NASDAQ:APA) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $1.15 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.18). The firm had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.07 billion. APA had a net margin of 34.95% and a return on equity of 62.64%. The firm’s revenue was down 12.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.48 EPS. Equities research analysts forecast that APA will post 5.03 earnings per share for the current fiscal year.

APA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Monday, April 22nd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend is Friday, April 19th. APA’s dividend payout ratio is currently 10.78%.

Hedge Funds Weigh In On APA

Several institutional investors have recently added to or reduced their stakes in the company. American National Bank raised its stake in shares of APA by 208.5% in the first quarter. American National Bank now owns 725 shares of the company’s stock worth $25,000 after acquiring an additional 490 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new stake in APA in the third quarter valued at approximately $34,000. Quent Capital LLC boosted its holdings in shares of APA by 64.0% in the fourth quarter. Quent Capital LLC now owns 961 shares of the company’s stock valued at $34,000 after buying an additional 375 shares during the period. Rakuten Securities Inc. acquired a new position in shares of APA in the fourth quarter valued at approximately $34,000. Finally, Principal Securities Inc. acquired a new position in shares of APA in the fourth quarter valued at approximately $39,000. 83.01% of the stock is owned by institutional investors.

About APA

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.