Piper Sandler Lowers APA (NASDAQ:APA) Price Target to $26.00

APA (NASDAQ:APA) had its price objective lowered by Piper Sandler from $28.00 to $26.00 in a research report report published on Monday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other research analysts have also issued reports on the stock. Wells Fargo & Company cut their target price on shares of APA from $49.00 to $47.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 1st. Truist Financial lowered their price objective on shares of APA from $36.00 to $33.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Mizuho lowered their price objective on shares of APA from $35.00 to $28.00 and set an “underperform” rating on the stock in a report on Monday, September 16th. JPMorgan Chase & Co. lowered their target price on shares of APA from $29.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, November 13th. Finally, Bernstein Bank lowered their target price on shares of APA from $30.00 to $28.00 in a report on Friday, October 18th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $32.81.

APA Stock Up 1.4 %

Shares of NASDAQ APA opened at $22.43 on Monday. The firm has a market cap of $8.30 billion, a PE ratio of 3.17 and a beta of 3.24. APA has a 12-month low of $21.15 and a 12-month high of $37.82. The company’s fifty day simple moving average is $24.37 and its 200 day simple moving average is $27.47. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Tuesday, October 22nd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.46%. The ex-dividend date is Tuesday, October 22nd. APA’s dividend payout ratio is currently 14.12%.

Hedge Funds Weigh In On APA

Several hedge funds and other institutional investors have recently bought and sold shares of APA. Sunpointe LLC lifted its stake in shares of APA by 2.8% in the 2nd quarter. Sunpointe LLC now owns 13,297 shares of the company’s stock worth $391,000 after purchasing an additional 362 shares during the period. GAMMA Investing LLC lifted its stake in shares of APA by 12.0% in the 2nd quarter. GAMMA Investing LLC now owns 3,558 shares of the company’s stock worth $105,000 after purchasing an additional 380 shares during the period. Citizens Financial Group Inc. RI lifted its stake in shares of APA by 6.7% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 6,860 shares of the company’s stock worth $202,000 after purchasing an additional 429 shares during the period. Covestor Ltd lifted its stake in shares of APA by 75.4% in the 1st quarter. Covestor Ltd now owns 1,093 shares of the company’s stock worth $38,000 after purchasing an additional 470 shares during the period. Finally, Signaturefd LLC lifted its stake in shares of APA by 7.1% in the 2nd quarter. Signaturefd LLC now owns 7,108 shares of the company’s stock worth $209,000 after purchasing an additional 472 shares during the period. Institutional investors own 83.01% of the company’s stock.

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.