Susquehanna Lowers APA (NASDAQ:APA) Price Target to $31.00

APA (NASDAQ:APA) had its target price decreased by Susquehanna from $33.00 to $31.00 in a research note published on Monday morning,Benzinga reports. Susquehanna currently has a positive rating on the stock.

A number of other research firms also recently commented on APA. Piper Sandler cut their target price on shares of APA from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, December 17th. The Goldman Sachs Group lowered their target price on shares of APA from $25.00 to $22.00 and set a “sell” rating on the stock in a research note on Friday, January 3rd. Truist Financial decreased their price target on shares of APA from $36.00 to $33.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. UBS Group decreased their target price on shares of APA from $28.00 to $27.00 and set a “neutral” rating on the stock in a research report on Monday, December 9th. Finally, Citigroup decreased their target price on shares of APA from $29.00 to $24.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 26th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, APA presently has an average rating of “Hold” and an average price target of $29.80.

APA Stock Down 0.2 %

NASDAQ APA opened at $18.54 on Monday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.24 and a quick ratio of 1.24. The stock has a market capitalization of $6.86 billion, a PE ratio of 2.62 and a beta of 3.26. APA has a 1 year low of $17.66 and a 1 year high of $36.04. The business’s 50-day moving average is $22.80 and its 200 day moving average is $23.79.

APA (NASDAQ:APA) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.18). APA had a return on equity of 27.86% and a net margin of 24.36%. The company had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.31 billion. Sell-side analysts forecast that APA will post 4.03 earnings per share for the current year.

APA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Tuesday, April 22nd will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, April 22nd. This represents a $1.00 annualized dividend and a dividend yield of 5.39%. APA’s dividend payout ratio is presently 44.25%.

Insider Activity at APA

In related news, Director Juliet S. Ellis purchased 4,391 shares of the stock in a transaction dated 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 in the company, valued at $283,292.08. This trade represents a 54.58 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Siemens Fonds Invest GmbH purchased a new position in shares of APA during the 4th quarter worth about $42,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of APA during the fourth quarter worth about $1,721,000. Jefferies Financial Group Inc. lifted its holdings in APA by 459.8% in the fourth quarter. Jefferies Financial Group Inc. now owns 53,538 shares of the company’s stock worth $1,236,000 after acquiring an additional 43,974 shares during the last quarter. GF Fund Management CO. LTD. bought a new position in APA in the fourth quarter worth about $2,612,000. Finally, CTC Alternative Strategies Ltd. bought a new position in APA in the fourth quarter worth about $204,000. 83.01% of the stock is currently owned by hedge funds and other 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.