Barclays Cuts APA (NASDAQ:APA) Price Target to $25.00

APA (NASDAQ:APA) had its price objective lowered by Barclays from $27.00 to $25.00 in a research report report published on Tuesday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

A number of other research analysts have also commented on APA. JPMorgan Chase & Co. decreased their price objective on APA from $23.00 to $20.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $32.00 price objective on shares of APA in a research report on Thursday, January 23rd. Susquehanna decreased their price objective on APA from $33.00 to $31.00 and set a “positive” rating on the stock in a research report on Monday, March 3rd. UBS Group decreased their price objective on 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 price objective on APA from $24.00 to $20.00 and set a “neutral” rating on the stock in a research report on Monday. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $28.60.

APA Stock Down 1.2 %

NASDAQ APA opened at $20.57 on Tuesday. The firm has a market cap of $7.49 billion, a PE ratio of 2.91 and a beta of 3.26. APA has a one year low of $17.66 and a one year high of $36.05. The stock’s 50 day simple moving average is $22.03 and its 200 day simple moving average is $23.14. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.24 and a quick ratio of 1.24.

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

APA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Tuesday, April 22nd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.86%. The ex-dividend date is Tuesday, April 22nd. APA’s dividend payout ratio is 44.25%.

Institutional Trading of APA

Several hedge funds and other institutional investors have recently modified their holdings of APA. Brown Brothers Harriman & Co. raised its stake in shares of APA by 1,087.9% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,176 shares of the company’s stock valued at $27,000 after purchasing an additional 1,077 shares during the period. TD Private Client Wealth LLC grew its holdings 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 valued at $29,000 after acquiring an additional 540 shares in the last quarter. Riverview Trust Co grew its holdings in shares of APA by 5,718.2% in the 4th quarter. Riverview Trust Co now owns 1,280 shares of the company’s stock valued at $30,000 after acquiring an additional 1,258 shares in the last quarter. Wilmington Savings Fund Society FSB grew its holdings in shares of APA by 77.9% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company’s stock valued at $31,000 after acquiring an additional 586 shares in the last quarter. Finally, Runnymede Capital Advisors Inc. bought a new position in shares of APA in the 4th quarter valued at about $35,000. Institutional investors and hedge funds 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.