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

APA (NASDAQ:APA) had its target price reduced by Citigroup from $29.00 to $24.00 in a research note released on Tuesday morning,Benzinga reports. They currently have a neutral rating on the stock.

APA has been the topic of several other research reports. JPMorgan Chase & Co. decreased their price objective on APA from $29.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 13th. Barclays reduced their price objective on shares of APA from $30.00 to $27.00 and set an “equal weight” rating for the company in a research note on Friday, November 8th. Truist Financial cut their price target on APA from $36.00 to $33.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Wells Fargo & Company dropped their price objective on APA from $49.00 to $47.00 and set an “overweight” rating for the company in a research note on Tuesday, October 1st. Finally, Mizuho decreased their target price on APA from $35.00 to $28.00 and set an “underperform” rating on the stock in a research note on Monday, September 16th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $32.57.

APA Stock Up 0.6 %

APA stock opened at $22.65 on Tuesday. The business’s 50-day moving average is $24.15 and its two-hundred day moving average is $27.20. The company has a market cap of $8.38 billion, a price-to-earnings ratio of 3.18 and a beta of 3.24. APA has a fifty-two week low of $21.15 and a fifty-two week high of $37.82. 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 business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Tuesday, October 22nd were paid a $0.25 dividend. The ex-dividend date was Tuesday, October 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 4.42%. APA’s dividend payout ratio is currently 14.12%.

Institutional Investors Weigh In On APA

Several hedge funds have recently made changes to their positions in APA. TD Private Client Wealth LLC lifted its position in shares of APA by 84.1% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company’s stock worth $29,000 after purchasing an additional 540 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its holdings in APA by 386.7% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,358 shares of the company’s stock worth $40,000 after buying an additional 1,079 shares during the period. Rothschild Investment LLC bought a new stake in APA during the 2nd quarter valued at $42,000. Huntington National Bank increased its holdings in shares of APA by 48.8% in the 3rd quarter. Huntington National Bank now owns 1,710 shares of the company’s stock valued at $42,000 after acquiring an additional 561 shares during the period. Finally, GPS Wealth Strategies Group LLC raised its position in shares of APA by 1,325.0% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 1,710 shares of the company’s stock worth $50,000 after acquiring an additional 1,590 shares in the last quarter. 83.01% of the stock is currently owned by hedge funds and other institutional investors.

APA Company Profile

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.