APA (APA) – Investment Analysts’ Recent Ratings Changes

A number of research firms have changed their ratings and price targets for APA (NASDAQ: APA):

• 12/17/2024 – APA had its price target lowered by analysts at Piper Sandler from $26.00 to $23.00. They now have a “neutral” rating on the stock.
• 12/17/2024 – APA was downgraded by analysts at Wells Fargo & Company from an “overweight” rating to an “equal weight” rating. They now have a $25.00 price target on the stock, down previously from $42.00.
• 12/16/2024 – APA had its price target lowered by analysts at Mizuho from $25.00 to $24.00. They now have an “underperform” rating on the stock.
• 12/9/2024 – APA had its price target lowered by analysts at UBS Group AG from $28.00 to $27.00. They now have a “neutral” rating on the stock.
• 11/26/2024 – APA had its price target lowered by analysts at Citigroup Inc. from $29.00 to $24.00. They now have a “neutral” rating on the stock.
• 11/18/2024 – APA had its price target lowered by analysts at UBS Group AG from $29.00 to $28.00. They now have a “neutral” rating on the stock.
• 11/18/2024 – APA had its price target lowered by analysts at Piper Sandler from $28.00 to $26.00. They now have a “neutral” rating on the stock.
• 11/13/2024 – APA had its price target lowered by analysts at JPMorgan Chase & Co. from $29.00 to $25.00. They now have a “neutral” rating on the stock.
• 11/11/2024 – APA had its price target lowered by analysts at Royal Bank of Canada from $34.00 to $32.00. They now have a “sector perform” rating on the stock.
• 11/8/2024 – APA had its price target lowered by analysts at Barclays PLC from $30.00 to $27.00. They now have an “equal weight” rating on the stock.
• 11/8/2024 – APA had its price target lowered by analysts at Truist Financial Co. from $36.00 to $33.00. They now have a “buy” rating on the stock.

APA Price Performance

Shares of APA traded up $0.38 during midday trading on Monday, hitting $21.42. 10,103,201 shares of the company traded hands, compared to its average volume of 6,348,829. The firm has a 50 day moving average of $22.95 and a 200-day moving average of $26.26. APA Co. has a 52 week low of $20.32 and a 52 week high of $37.82. The stock has a market cap of $7.92 billion, a price-to-earnings ratio of 3.03 and a beta of 3.18. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.24 and a current ratio of 1.24.

APA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Wednesday, January 22nd will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.67%. The ex-dividend date is Wednesday, January 22nd. APA’s dividend payout ratio (DPR) is currently 14.12%.

Insider Buying and Selling

In other APA news, Director Juliet S. Ellis bought 4,391 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were acquired at an average cost of $22.78 per share, with a total value of $100,026.98. Following the purchase, the director now directly owns 12,436 shares of the company’s stock, valued at $283,292.08. This trade represents a 54.58 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On APA

A number of institutional investors and hedge funds have recently made changes to their positions in APA. Principal Financial Group Inc. raised its holdings in APA by 3.1% in the 3rd quarter. Principal Financial Group Inc. now owns 456,922 shares of the company’s stock valued at $11,176,000 after acquiring an additional 13,557 shares during the last quarter. Synovus Financial Corp grew its position in shares of APA by 144.3% during the third quarter. Synovus Financial Corp now owns 30,925 shares of the company’s stock worth $756,000 after buying an additional 18,268 shares in the last quarter. Tidal Investments LLC grew its position in shares of APA by 154.2% during the third quarter. Tidal Investments LLC now owns 62,400 shares of the company’s stock worth $1,526,000 after buying an additional 37,855 shares in the last quarter. PVG Asset Management Corp acquired a new stake in shares of APA during the third quarter worth approximately $757,000. Finally, Sanctuary Advisors LLC grew its position in shares of APA by 23.0% during the third quarter. Sanctuary Advisors LLC now owns 11,678 shares of the company’s stock worth $266,000 after buying an additional 2,185 shares in the last quarter. 83.01% of the stock is owned by hedge funds and other institutional investors.

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.