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

APA (NASDAQ:APA) had its price objective cut by Susquehanna from $31.00 to $30.00 in a research note published on Tuesday morning, Marketbeat Ratings reports. They currently have a positive rating on the stock.

APA has been the topic of several other research reports. Citigroup lowered their target price on APA from $20.00 to $15.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 16th. Wells Fargo & Company reduced their target price on APA from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Wednesday, March 26th. Scotiabank dropped their price target on APA from $26.00 to $14.00 and set a “sector perform” rating on the stock in a research report on Friday, April 11th. Royal Bank of Canada dropped their price objective on shares of APA from $27.00 to $24.00 and set a “sector perform” rating on the stock in a report on Friday, April 11th. Finally, Raymond James cut APA from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the company from $45.00 to $32.00 in a research report on Monday, March 10th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $25.79.

APA Stock Performance

APA stock opened at $16.26 on Tuesday. The company has a 50-day simple moving average of $18.85 and a 200 day simple moving average of $21.68. The company has a market capitalization of $5.88 billion, a P/E ratio of 2.30 and a beta of 2.74. APA has a fifty-two week low of $13.58 and a fifty-two week high of $33.41. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.03.

APA (NASDAQ:APA) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.79 earnings per share for the quarter, missing the consensus estimate 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 net margin of 24.36% and a return on equity of 27.86%. Sell-side analysts predict that APA will post 4.03 earnings per share for the current fiscal year.

APA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Tuesday, April 22nd will be issued a $0.25 dividend. The ex-dividend date is Tuesday, April 22nd. This represents a $1.00 annualized dividend and a dividend yield of 6.15%. APA’s dividend payout ratio is currently 44.25%.

Institutional Investors Weigh In On APA

Hedge funds have recently bought and sold shares of the stock. MML Investors Services LLC bought a new stake in shares of APA in the third quarter valued at approximately $214,000. Sanctuary Advisors LLC grew its stake in APA by 23.0% during the third quarter. Sanctuary Advisors LLC now owns 11,678 shares of the company’s stock worth $266,000 after buying an additional 2,185 shares in the last quarter. PVG Asset Management Corp bought a new stake in shares of APA during the 3rd quarter worth approximately $757,000. Tidal Investments LLC boosted its position in shares of APA by 154.2% during the 3rd quarter. Tidal Investments LLC now owns 62,400 shares of the company’s stock worth $1,526,000 after acquiring an additional 37,855 shares in the last quarter. Finally, Synovus Financial Corp increased its stake in APA by 144.3% in the third quarter. Synovus Financial Corp now owns 30,925 shares of the company’s stock valued at $756,000 after acquiring an additional 18,268 shares during the last quarter. 83.01% of the stock is currently owned by institutional investors and hedge funds.

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.