APA (NASDAQ:APA) Price Target Lowered to $38.00 at Barclays

APA (NASDAQ:APA) had its price target reduced by Barclays from $40.00 to $38.00 in a report issued on Thursday, Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other equities research analysts also recently weighed in on APA. Mizuho lowered their price target on APA from $34.00 to $32.00 and set an underperform rating for the company in a report on Thursday. Susquehanna boosted their target price on shares of APA from $50.00 to $54.00 and gave the stock a positive rating in a research report on Monday, April 22nd. Raymond James decreased their price target on shares of APA from $44.00 to $43.00 and set a strong-buy rating for the company in a report on Wednesday, January 24th. Royal Bank of Canada reissued a sector perform rating and set a $45.00 price objective on shares of APA in a report on Monday, April 8th. Finally, Roth Mkm raised their target price on APA from $37.00 to $39.00 and gave the stock a buy rating in a research note on Tuesday, April 2nd. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Hold and an average price target of $42.05.

APA Trading Up 0.3 %

Shares of NASDAQ:APA traded up $0.08 during trading on Thursday, hitting $29.26. The company had a trading volume of 9,598,961 shares, compared to its average volume of 6,909,536. The stock has a market cap of $8.81 billion, a price-to-earnings ratio of 3.26 and a beta of 3.29. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.02 and a quick ratio of 1.02. The company has a fifty day simple moving average of $32.54 and a two-hundred day simple moving average of $34.22. APA has a one year low of $28.90 and a one year high of $46.15.

APA (NASDAQ:APA) last issued its earnings results on Thursday, May 2nd. The company reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.12). APA had a net margin of 34.04% and a return on equity of 50.56%. The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the prior year, the firm posted $1.19 earnings per share. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. As a group, equities analysts forecast that APA will post 5.03 earnings per share for the current year.

APA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Monday, April 22nd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.42%. The ex-dividend date of this dividend is Friday, April 19th. APA’s dividend payout ratio is currently 11.19%.

Institutional Trading of APA

Several large investors have recently added to or reduced their stakes in APA. Vanguard Group Inc. increased its position in APA by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 42,643,529 shares of the company’s stock worth $1,530,050,000 after purchasing an additional 924,400 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in shares of APA by 10.6% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 20,299,538 shares of the company’s stock worth $728,347,000 after purchasing an additional 1,938,335 shares during the last quarter. Harris Associates L P lifted its position in APA by 17.8% in the fourth quarter. Harris Associates L P now owns 15,705,693 shares of the company’s stock valued at $563,520,000 after buying an additional 2,367,570 shares during the last quarter. Smead Capital Management Inc. increased its position in shares of APA by 13.6% during the fourth quarter. Smead Capital Management Inc. now owns 5,235,957 shares of the company’s stock valued at $187,866,000 after acquiring an additional 626,460 shares during the last quarter. Finally, Clearbridge Investments LLC raised its stake in shares of APA by 1.9% in the 3rd quarter. Clearbridge Investments LLC now owns 2,815,109 shares of the company’s stock valued at $115,701,000 after acquiring an additional 53,241 shares during the period. 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.