APA Corporation (NASDAQ:APA) Given Average Recommendation of "Hold" by Brokerages

APA Corporation (NASDAQ:APA - Get Free Report) has been assigned an average rating of "Hold" from the twenty-four ratings firms that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and five have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $25.9048.

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Several equities analysts have recently commented on APA shares. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of APA in a report on Monday. UBS Group upped their price objective on APA from $25.00 to $26.00 and gave the stock a "neutral" rating in a research note on Monday, November 10th. Barclays increased their target price on APA from $22.00 to $24.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 19th. Evercore ISI reduced their price target on shares of APA from $21.00 to $16.00 in a report on Tuesday, November 4th. Finally, Royal Bank Of Canada upped their price target on shares of APA from $24.00 to $25.00 and gave the stock a "sector perform" rating in a research report on Monday, November 17th.

Read Our Latest Stock Analysis on APA

Institutional Investors Weigh In On APA

A number of hedge funds have recently made changes to their positions in the business. Deseret Mutual Benefit Administrators grew its holdings in APA by 276.7% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 1,213 shares of the company's stock worth $29,000 after buying an additional 891 shares in the last quarter. TD Private Client Wealth LLC raised its stake in APA by 144.9% during the 2nd quarter. TD Private Client Wealth LLC now owns 1,866 shares of the company's stock valued at $34,000 after acquiring an additional 1,104 shares in the last quarter. CVA Family Office LLC boosted its position in APA by 6,096.7% during the 2nd quarter. CVA Family Office LLC now owns 1,859 shares of the company's stock worth $34,000 after acquiring an additional 1,829 shares during the period. Atlantic Union Bankshares Corp bought a new position in shares of APA in the third quarter worth $34,000. Finally, Spire Wealth Management increased its holdings in shares of APA by 179.6% during the third quarter. Spire Wealth Management now owns 1,521 shares of the company's stock valued at $37,000 after purchasing an additional 977 shares during the period. Institutional investors own 83.01% of the company's stock.

APA Stock Up 1.7%

Shares of NASDAQ:APA opened at $25.10 on Friday. The company's fifty day moving average is $23.75 and its two-hundred day moving average is $21.21. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.80 and a current ratio of 0.80. APA has a 1-year low of $13.58 and a 1-year high of $25.83. The stock has a market capitalization of $8.90 billion, a price-to-earnings ratio of 8.39, a price-to-earnings-growth ratio of 6.28 and a beta of 1.12.

APA (NASDAQ:APA - Get Free Report) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.93 earnings per share for the quarter, beating analysts' consensus estimates of $0.74 by $0.19. The business had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.06 billion. APA had a net margin of 10.53% and a return on equity of 20.98%. The company's revenue for the quarter was down 16.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.00 EPS. Equities analysts anticipate that APA will post 4.03 EPS for the current year.

APA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Wednesday, October 22nd were given a $0.25 dividend. The ex-dividend date was Wednesday, October 22nd. This represents a $1.00 annualized dividend and a yield of 4.0%. APA's dividend payout ratio is 24.04%.

About APA

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.

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