Mizuho Issues Positive Forecast for APA (NASDAQ:APA) Stock Price

APA (NASDAQ:APAFree Report) had its price target upped by Mizuho from $22.00 to $24.00 in a research note published on Thursday,MarketScreener reports. They currently have an underperform rating on the stock.

APA has been the topic of a number of other reports. Royal Bank Of Canada boosted their target price on shares of APA from $25.00 to $26.00 and gave the company a “sector perform” rating in a research note on Monday, January 26th. Benchmark reissued a “buy” rating on shares of APA in a research report on Monday, February 2nd. Sanford C. Bernstein lowered their target price on APA from $26.00 to $25.00 and set a “market perform” rating on the stock in a research note on Monday, January 5th. JPMorgan Chase & Co. increased their price target on APA from $25.00 to $29.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, Morgan Stanley lowered their price objective on APA from $23.00 to $21.00 and set an “underweight” rating on the stock in a research note on Friday, January 23rd. Seven analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $27.39.

Read Our Latest Stock Analysis on APA

APA Stock Up 0.8%

APA stock traded up $0.22 during trading on Thursday, reaching $29.32. 669,398 shares of the stock were exchanged, compared to its average volume of 6,483,347. APA has a twelve month low of $13.58 and a twelve month high of $30.10. The firm’s 50 day moving average is $26.15 and its 200 day moving average is $24.45. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.62. The firm has a market cap of $10.40 billion, a P/E ratio of 7.41, a price-to-earnings-growth ratio of 12.72 and a beta of 0.74.

APA (NASDAQ:APAGet Free Report) last released its earnings results on Wednesday, February 25th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.29. APA had a return on equity of 20.08% and a net margin of 15.55%.The company had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.89 billion. APA’s quarterly revenue was down 26.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.79 earnings per share. As a group, research analysts forecast that APA will post 4.03 EPS for the current year.

APA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Wednesday, April 22nd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, April 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.4%. APA’s dividend payout ratio (DPR) is currently 25.06%.

Institutional Investors Weigh In On APA

Several large investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in APA by 6.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,300 shares of the company’s stock valued at $700,000 after purchasing an additional 2,070 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of 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 during the period. Goldman Sachs Group Inc. lifted its stake in shares of 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 acquiring an additional 806,252 shares during the last quarter. Focus Partners Wealth boosted its position in APA by 10.6% in the 1st quarter. Focus Partners Wealth now owns 44,833 shares of the company’s stock valued at $942,000 after buying an additional 4,297 shares during the period. Finally, Asset Management One Co. Ltd. increased its stake in shares of APA by 11.4% during the second quarter. Asset Management One Co. Ltd. now owns 12,015 shares of the company’s stock valued at $220,000 after buying an additional 1,233 shares during the period. 83.01% of the stock is currently owned by institutional investors.

APA News Summary

Here are the key news stories impacting APA this week:

APA Company Profile

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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.

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Analyst Recommendations for APA (NASDAQ:APA)

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