UBS Group Cuts APA (NASDAQ:APA) Price Target to $28.00

APA (NASDAQ:APA) had its price objective reduced by UBS Group from $29.00 to $28.00 in a research report sent to investors on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities analysts have also recently issued reports on APA. Barclays cut their target price on shares of APA from $30.00 to $27.00 and set an “equal weight” rating for the company in a research report on Friday, November 8th. Scotiabank lowered their target price on shares of APA from $30.00 to $27.00 and set a “sector perform” rating for the company in a report on Thursday, October 10th. Citigroup lowered their target price on shares of APA from $32.00 to $29.00 in a report on Friday, October 18th. Wells Fargo & Company lowered their target price on shares of APA from $49.00 to $47.00 and set an “overweight” rating for the company in a report on Tuesday, October 1st. Finally, The Goldman Sachs Group decreased their price objective on shares of APA from $26.00 to $25.00 in a research note on Friday, October 18th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, APA has an average rating of “Hold” and a consensus price target of $32.81.

APA Stock Up 1.0 %

Shares of NASDAQ APA opened at $22.13 on Monday. 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 has a 52 week low of $21.15 and a 52 week high of $37.82. The firm has a 50-day moving average price of $24.39 and a 200 day moving average price of $27.51. The stock has a market capitalization of $8.19 billion, a price-to-earnings ratio of 3.13 and a beta of 3.24.

APA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Tuesday, October 22nd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.52%. The ex-dividend date of this dividend is Tuesday, October 22nd. APA’s dividend payout ratio is currently 14.12%.

Hedge Funds Weigh In On APA

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Covestor Ltd increased its position in APA by 75.4% during the first quarter. Covestor Ltd now owns 1,093 shares of the company’s stock worth $38,000 after acquiring an additional 470 shares during the period. TD Private Client Wealth LLC raised its holdings in APA by 84.1% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company’s stock worth $29,000 after purchasing an additional 540 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in APA by 386.7% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,358 shares of the company’s stock worth $40,000 after purchasing an additional 1,079 shares during the last quarter. Rothschild Investment LLC bought a new stake in shares of APA in the 2nd quarter valued at about $42,000. Finally, GPS Wealth Strategies Group LLC increased its stake in shares of APA by 1,325.0% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 1,710 shares of the company’s stock valued at $50,000 after acquiring an additional 1,590 shares during the last quarter. Institutional investors own 83.01% of the company’s stock.

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.