Mizuho Cuts APA (NASDAQ:APA) Price Target to $24.00

APA (NASDAQ:APA) had its target price cut by Mizuho from $25.00 to $24.00 in a research report report published on Monday morning,Benzinga reports. They currently have an underperform rating on the stock.

APA has been the topic of several other reports. Scotiabank dropped their target price on shares of APA from $30.00 to $27.00 and set a “sector perform” rating on the stock in a report on Thursday, October 10th. Barclays reduced their target price on shares of APA from $30.00 to $27.00 and set an “equal weight” rating for the company in a report on Friday, November 8th. Susquehanna cut their price objective on shares of APA from $52.00 to $48.00 and set a “positive” rating on the stock in a research report on Friday, October 18th. Citigroup dropped their target price on APA from $29.00 to $24.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 26th. Finally, UBS Group decreased their price target on APA from $28.00 to $27.00 and set a “neutral” rating for the company in a research note on Monday, December 9th. Four analysts have rated the stock with a sell rating, twelve have issued 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.com, the company currently has an average rating of “Hold” and a consensus target price of $31.14.

APA Stock Down 1.0 %

NASDAQ:APA opened at $20.84 on Monday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.03. The company has a market cap of $7.71 billion, a price-to-earnings ratio of 2.94 and a beta of 3.18. The stock has a fifty day simple moving average of $23.19 and a 200-day simple moving average of $26.40. APA has a twelve month low of $20.45 and a twelve month high of $37.82.

APA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Wednesday, January 22nd will be issued a dividend of $0.25 per share. The ex-dividend date is Wednesday, January 22nd. This represents a $1.00 annualized dividend and a dividend yield of 4.80%. APA’s dividend payout ratio is presently 14.12%.

Insider Activity at APA

In other news, Director Juliet S. Ellis bought 4,391 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were bought at an average cost of $22.78 per share, for a total transaction of $100,026.98. Following the acquisition, 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 document filed with the SEC, which is available at the SEC website. 1.30% of the stock is currently owned by insiders.

Institutional Trading of APA

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Citizens Financial Group Inc. RI grew its position in shares of APA by 6.7% during the second quarter. Citizens Financial Group Inc. RI now owns 6,860 shares of the company’s stock worth $202,000 after buying an additional 429 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of APA by 7.1% in the 2nd quarter. Signaturefd LLC now owns 7,108 shares of the company’s stock valued at $209,000 after buying an additional 472 shares in the last quarter. Washington Trust Bank raised its stake in APA by 5.9% during the 2nd quarter. Washington Trust Bank now owns 8,794 shares of the company’s stock worth $259,000 after acquiring an additional 492 shares in the last quarter. Empirical Finance LLC boosted its stake in APA by 1.6% in the third quarter. Empirical Finance LLC now owns 31,272 shares of the company’s stock valued at $765,000 after acquiring an additional 497 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of APA by 16.9% during the third quarter. UMB Bank n.a. now owns 3,556 shares of the company’s stock worth $87,000 after purchasing an additional 513 shares during the last quarter. Hedge funds and other institutional investors own 83.01% of the company’s stock.

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.