APA Corporation (NASDAQ:APA) Given Consensus Recommendation of “Hold” by Analysts

Shares of APA Corporation (NASDAQ:APA) have been given a consensus rating of “Hold” by the thirty brokerages that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $40.3462.

Several research firms have issued reports on APA. Mizuho upgraded shares of APA to a “strong sell” rating in a research report on Friday, July 31st. Susquehanna cut their price objective on APA from $47.00 to $45.00 and set a “positive” rating for the company in a research report on Tuesday, July 21st. Truist Financial reduced their price objective on APA from $39.00 to $38.00 and set a “hold” rating for the company in a research note on Friday, July 10th. Roth Capital upgraded APA from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $37.00 to $38.00 in a report on Monday, June 22nd. Finally, Barclays boosted their target price on APA from $35.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 26th.

APA Stock Performance

NASDAQ:APA opened at $34.66 on Thursday. APA has a twelve month low of $17.86 and a twelve month high of $45.66. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average of $35.10 and a 200-day moving average of $34.59. The firm has a market cap of $12.25 billion, a price-to-earnings ratio of 8.08 and a beta of 0.35.

APA (NASDAQ:APA) last released its earnings results on Wednesday, August 5th. The company reported $1.89 EPS for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.01). APA had a return on equity of 20.70% and a net margin of 17.38%.The business had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter in the previous year, the firm earned $0.87 earnings per share. Analysts forecast that APA will post 4.92 earnings per share for the current fiscal year.

APA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Wednesday, July 22nd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, July 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 2.9%. APA’s dividend payout ratio (DPR) is currently 23.31%.

Insider Transactions at APA

In other APA news, VP Mark D. Maddox sold 9,800 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $40.04, for a total transaction of $392,392.00. Following the sale, the vice president owned 66,810 shares in the company, valued at approximately $2,675,072.40. The trade was a 12.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.73% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in APA. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of APA by 6.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,300 shares of the company’s stock valued at $700,000 after acquiring an additional 2,070 shares in the last quarter. NewEdge Advisors LLC grew its position in APA by 49.6% during the 1st quarter. NewEdge Advisors LLC now owns 10,785 shares of the company’s stock worth $227,000 after purchasing an additional 3,578 shares in the last quarter. Goldman Sachs Group Inc. grew its position in APA by 43.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,668,505 shares of the company’s stock worth $56,092,000 after purchasing an additional 806,252 shares in the last quarter. Focus Partners Wealth grew its position in APA by 10.6% during the 1st quarter. Focus Partners Wealth now owns 44,833 shares of the company’s stock worth $942,000 after purchasing an additional 4,297 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in APA during the 2nd quarter valued at $5,199,000. 83.01% of the stock is currently owned by institutional investors and hedge funds.

About APA

APA Corporation (NASDAQ: APA) is an independent exploration and production company engaged in the acquisition, development and production of oil and natural gas resources. The company operates through three core regions: the United States, Egypt and the North Sea. Through its integrated approach, APA combines geological and geophysical expertise with technical innovation to identify and develop hydrocarbons in both onshore and offshore settings.

In the United States, APA’s largest position is in the Permian Basin of West Texas and southeastern New Mexico, where it holds substantial acreage dedicated to oil-focused drilling and production.