APA (NASDAQ:APA) Price Target Cut to $25.00 by Analysts at JPMorgan Chase & Co.

APA (NASDAQ:APA) had its price objective trimmed by JPMorgan Chase & Co. from $29.00 to $25.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other equities analysts have also recently issued reports about the stock. Wolfe Research initiated coverage on shares of APA in a research note on Thursday, July 18th. They issued an “outperform” rating and a $42.00 price objective on the stock. Barclays reduced their price target on APA from $30.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Friday, November 8th. Scotiabank dropped their price objective on APA from $30.00 to $27.00 and set a “sector perform” rating for the company in a report on Thursday, October 10th. Susquehanna reduced their target price on APA from $52.00 to $48.00 and set a “positive” rating on the stock in a report on Friday, October 18th. Finally, UBS Group lowered their price target on APA from $35.00 to $29.00 and set a “neutral” rating for the company in a research note on Wednesday, September 18th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, APA presently has an average rating of “Hold” and a consensus target price of $32.95.

APA Stock Performance

Shares of NASDAQ:APA opened at $22.38 on Wednesday. The stock has a market capitalization of $8.28 billion, a P/E ratio of 3.16 and a beta of 3.24. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.03. APA has a 1-year low of $21.15 and a 1-year high of $37.82. The business has a 50-day moving average price of $24.51 and a two-hundred day moving average price of $27.67.

APA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Tuesday, October 22nd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.47%. The ex-dividend date is Tuesday, October 22nd. APA’s dividend payout ratio is 14.12%.

Institutional Investors Weigh In On APA

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of APA by 4.7% during the 1st quarter. Vanguard Group Inc. now owns 44,648,084 shares of the company’s stock worth $1,535,001,000 after purchasing an additional 2,004,555 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in APA by 12.6% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 30,471,834 shares of the company’s stock worth $745,341,000 after acquiring an additional 3,411,270 shares in the last quarter. Harris Associates L P lifted its stake in APA by 20.8% in the third quarter. Harris Associates L P now owns 24,914,700 shares of the company’s stock valued at $609,414,000 after acquiring an additional 4,293,932 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of APA by 4.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,991,513 shares of the company’s stock valued at $293,312,000 after acquiring an additional 485,291 shares during the period. Finally, Smead Capital Management Inc. increased its stake in shares of APA by 3.5% during the 3rd quarter. Smead Capital Management Inc. now owns 9,667,452 shares of the company’s stock worth $236,466,000 after purchasing an additional 326,042 shares during the last quarter. Institutional investors own 83.01% of the company’s stock.

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.