Barclays Issues Pessimistic Forecast for APA (NASDAQ:APA) Stock Price

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

A number of other equities analysts have also recently commented on APA. Citigroup reduced their price target on APA from $24.00 to $20.00 and set a “neutral” rating for the company in a report on Monday. Raymond James cut APA from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the stock from $45.00 to $32.00 in a report on Monday, March 10th. Mizuho reduced their price objective on APA from $25.00 to $24.00 and set an “underperform” rating for the company in a report on Monday, December 16th. The Goldman Sachs Group reduced their price objective on APA from $25.00 to $22.00 and set a “sell” rating for the company in a report on Friday, January 3rd. Finally, Piper Sandler reduced their price objective on APA from $26.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, December 17th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $28.60.

APA Trading Down 1.2 %

APA stock opened at $20.57 on Tuesday. APA has a 52 week low of $17.66 and a 52 week high of $36.05. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a market capitalization of $7.49 billion, a P/E ratio of 2.91 and a beta of 3.26. The stock has a 50-day simple moving average of $22.03 and a 200 day simple moving average of $23.14.

APA (NASDAQ:APA) last posted 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). APA had a return on equity of 27.86% and a net margin of 24.36%. The business had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.31 billion. Analysts expect that APA will post 4.03 earnings per share for the current year.

APA Dividend Announcement

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

Institutional Investors Weigh In On APA

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. lifted its stake in APA by 1,087.9% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,176 shares of the company’s stock worth $27,000 after purchasing an additional 1,077 shares during the last quarter. TD Private Client Wealth LLC lifted its stake in APA by 84.1% during the third 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 last quarter. Riverview Trust Co lifted its stake in APA by 5,718.2% during the fourth quarter. Riverview Trust Co now owns 1,280 shares of the company’s stock worth $30,000 after purchasing an additional 1,258 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its stake in APA by 77.9% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company’s stock worth $31,000 after purchasing an additional 586 shares during the last quarter. Finally, Runnymede Capital Advisors Inc. bought a new stake in APA during the fourth quarter worth $35,000. 83.01% of the stock is currently owned by 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.