Susquehanna Cuts APA (NASDAQ:APA) Price Target to $30.00

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

Several other equities analysts have also recently weighed in on APA. Morgan Stanley set a $20.00 target price on shares of APA and gave the company an “underweight” rating in a research note on Tuesday, April 15th. Citigroup decreased their target price on APA from $20.00 to $15.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 16th. JPMorgan Chase & Co. lowered their target price on APA from $23.00 to $20.00 and set a “neutral” rating for the company in a research report on Thursday, March 13th. Royal Bank of Canada decreased their price target on shares of APA from $27.00 to $24.00 and set a “sector perform” rating on the stock in a research note on Friday, April 11th. Finally, Raymond James cut shares of APA from a “strong-buy” rating to an “outperform” rating and decreased their target price for the company from $45.00 to $32.00 in a research report on Monday, March 10th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, APA presently has an average rating of “Hold” and a consensus price target of $25.79.

APA Stock Performance

Shares of NASDAQ APA opened at $16.26 on Tuesday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.03. APA has a 12-month low of $13.58 and a 12-month high of $33.41. The firm has a market capitalization of $5.88 billion, a price-to-earnings ratio of 2.30 and a beta of 2.74. The firm has a 50 day moving average of $18.85 and a 200 day moving average of $21.68.

APA (NASDAQ:APA) last released its 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). The firm had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.31 billion. APA had a return on equity of 27.86% and a net margin of 24.36%. On average, research analysts anticipate that APA will post 4.03 earnings per share for the current year.

APA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Tuesday, April 22nd will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, April 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.15%. APA’s payout ratio is 44.25%.

Hedge Funds Weigh In On APA

Several hedge funds have recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. boosted its stake in shares of APA by 1,087.9% in the fourth quarter. Brown Brothers Harriman & Co. now owns 1,176 shares of the company’s stock valued at $27,000 after buying an additional 1,077 shares in the last quarter. Riverview Trust Co lifted its stake in shares of APA by 5,718.2% during the 4th 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 period. Wilmington Savings Fund Society FSB grew its position in APA by 77.9% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company’s stock valued at $31,000 after acquiring an additional 586 shares during the period. Golden State Wealth Management LLC raised its position in APA by 2,709.8% in the first quarter. Golden State Wealth Management LLC now owns 1,433 shares of the company’s stock valued at $30,000 after purchasing an additional 1,382 shares during the period. Finally, Runnymede Capital Advisors Inc. purchased a new stake in shares of APA during the fourth quarter valued at approximately $35,000. 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.