APA (NASDAQ:APA) Given New $27.00 Price Target at Roth Mkm

APA (NASDAQ:APAFree Report) had its price target upped by Roth Mkm from $23.00 to $27.00 in a report released on Thursday morning,MarketScreener reports. The firm currently has a neutral rating on the stock.

Several other research firms have also recently weighed in on APA. UBS Group boosted their price objective on shares of APA from $26.00 to $30.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Jefferies Financial Group upped their price objective on shares of APA from $21.00 to $22.00 and gave the company a “hold” rating in a research report on Tuesday, January 20th. Benchmark reissued a “buy” rating on shares of APA in a research report on Monday, February 2nd. TD Cowen upgraded APA to a “hold” rating in a research note on Monday, February 9th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of APA in a research report on Monday, December 29th. Seven investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $27.39.

View Our Latest Stock Analysis on APA

APA Price Performance

NASDAQ:APA traded up $0.22 during trading hours on Thursday, reaching $29.32. The company had a trading volume of 669,398 shares, compared to its average volume of 6,483,347. The firm has a market capitalization of $10.40 billion, a PE ratio of 7.41, a PEG ratio of 12.72 and a beta of 0.74. The stock has a 50-day moving average of $26.15 and a two-hundred day moving average of $24.45. APA has a one year low of $13.58 and a one year high of $30.10. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.62.

APA (NASDAQ:APAGet Free Report) last announced its earnings results on Wednesday, February 25th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.29. The business had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.89 billion. APA had a net margin of 15.55% and a return on equity of 20.08%. The firm’s revenue for the quarter was down 26.6% on a year-over-year basis. During the same quarter last year, the company posted $0.79 EPS. Analysts forecast that APA will post 4.03 earnings per share for the current year.

APA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Wednesday, April 22nd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Wednesday, April 22nd. APA’s dividend payout ratio (DPR) is currently 25.06%.

Institutional Trading of APA

Several hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its position in shares of APA by 9.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 15,321,936 shares of the company’s stock worth $374,786,000 after acquiring an additional 1,291,706 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in APA by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 14,710,034 shares of the company’s stock worth $359,807,000 after buying an additional 285,542 shares during the last quarter. Morgan Stanley lifted its holdings in APA by 21.8% during the fourth quarter. Morgan Stanley now owns 10,425,586 shares of the company’s stock valued at $255,010,000 after purchasing an additional 1,864,900 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in APA by 76.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 7,171,963 shares of the company’s stock worth $175,426,000 after buying an additional 3,117,032 shares during the period. Finally, Northern Trust Corp raised its stake in shares of APA by 29.6% during the 3rd quarter. Northern Trust Corp now owns 4,462,476 shares of the company’s stock valued at $108,349,000 after purchasing an additional 1,018,326 shares during the period. Institutional investors own 83.01% of the company’s stock.

Key Headlines Impacting APA

Here are the key news stories impacting APA this week:

APA Company Profile

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APA Corporation (NASDAQ: APA) is an independent exploration and production company engaged in the acquisition, development and production of oil and natural gas resources. The company operates through three core regions: the United States, Egypt and the North Sea. Through its integrated approach, APA combines geological and geophysical expertise with technical innovation to identify and develop hydrocarbons in both onshore and offshore settings.

In the United States, APA’s largest position is in the Permian Basin of West Texas and southeastern New Mexico, where it holds substantial acreage dedicated to oil-focused drilling and production.

Further Reading

Analyst Recommendations for APA (NASDAQ:APA)

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