APA Co. (NASDAQ:APA) Receives Average Recommendation of “Hold” from Brokerages
APA Co. (NASDAQ:APA – Get Free Report) has been given an average recommendation of “Hold” by the seventeen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $46.47.
A number of equities analysts have recently commented on APA shares. Bank of America raised their price objective on APA from $55.00 to $57.00 in a report on Wednesday, September 27th. Benchmark dropped their price objective on APA from $46.00 to $43.00 and set a “buy” rating on the stock in a report on Monday, November 13th. Morgan Stanley boosted their price target on APA from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Friday, August 18th. Citigroup lowered APA from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $52.00 to $37.00 in a research report on Wednesday, November 22nd. Finally, Susquehanna reduced their price target on APA from $54.00 to $53.00 and set a “positive” rating for the company in a research report on Wednesday, October 18th.
Check Out Our Latest Stock Report on APA
Hedge Funds Weigh In On APA
A number of large investors have recently made changes to their positions in the company. Money Concepts Capital Corp grew its position in shares of APA by 228.6% in the 4th quarter. Money Concepts Capital Corp now owns 723 shares of the company’s stock worth $34,000 after buying an additional 503 shares during the last quarter. Covestor Ltd grew its holdings in shares of APA by 117.8% during the first quarter. Covestor Ltd now owns 808 shares of the company’s stock worth $33,000 after buying an additional 437 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of APA during the third quarter worth $34,000. Quarry LP grew its holdings in shares of APA by 2,535.1% in the first quarter. Quarry LP now owns 975 shares of the company’s stock valued at $35,000 after purchasing an additional 938 shares during the period. Finally, Harbour Investments Inc. grew its holdings in shares of APA by 70.3% in the first quarter. Harbour Investments Inc. now owns 1,112 shares of the company’s stock valued at $40,000 after purchasing an additional 459 shares during the period. 80.48% of the stock is owned by hedge funds and other institutional investors.
APA Stock Down 1.0 %
Shares of NASDAQ:APA opened at $35.82 on Tuesday. The company has a market capitalization of $10.99 billion, a price-to-earnings ratio of 7.34, a PEG ratio of 6.07 and a beta of 3.32. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.65. The business has a 50-day moving average price of $38.89 and a 200 day moving average price of $38.59. APA has a 12-month low of $30.67 and a 12-month high of $48.55.
APA (NASDAQ:APA – Get Free Report) last posted its earnings results on Thursday, November 2nd. The company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.25. APA had a return on equity of 92.51% and a net margin of 17.62%. The firm had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same quarter in the previous year, the business earned $1.97 earnings per share. The firm’s revenue was down 20.1% compared to the same quarter last year. Sell-side analysts expect that APA will post 5.01 EPS for the current year.
APA Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Monday, October 23rd were paid a $0.25 dividend. The ex-dividend date was Friday, October 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.79%. APA’s payout ratio is currently 20.49%.
APA Company Profile (Get Free Report
APA Corporation, through its subsidiaries, explores for, develops, and produces natural gas, crude oil, and natural gas liquids. It has operations in the United States, Egypt, and the United Kingdom, as well as has exploration activities offshore Suriname. The company also operates gathering, compression, processing, and transmission assets in West Texas, as well as holds ownership in four Permian Basin long-haul pipeline.
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Original: MarketBeat News Feed: APA Co. (NASDAQ:APA) Receives Average Recommendation of “Hold” from Brokerages