APA (NASDAQ:APA) Given New $26.00 Price Target at Piper Sandler

APA (NASDAQ:APA) had its price target cut by Piper Sandler from $28.00 to $26.00 in a research note published on Monday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities analysts have also recently issued reports on APA. Royal Bank of Canada dropped their price objective on APA from $34.00 to $32.00 and set a “sector perform” rating for the company in a report on Monday, November 11th. Mizuho lowered their target price on APA from $35.00 to $28.00 and set an “underperform” rating for the company in a report on Monday, September 16th. Susquehanna lowered their target price on APA from $52.00 to $48.00 and set a “positive” rating for the company in a report on Friday, October 18th. JPMorgan Chase & Co. lowered their target price on APA from $29.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, November 13th. Finally, UBS Group lowered their target price on APA from $35.00 to $29.00 and set a “neutral” rating for the company in a report on Wednesday, September 18th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $32.81.

APA Price Performance

APA opened at $22.46 on Monday. The business has a fifty day moving average of $24.46 and a 200 day moving average of $27.60. APA has a 52-week low of $21.15 and a 52-week high of $37.82. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.03. The stock has a market cap of $8.31 billion, a P/E ratio of 3.17 and a beta of 3.24.

APA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Tuesday, October 22nd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.45%. The ex-dividend date is Tuesday, October 22nd. APA’s payout ratio is 14.12%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of APA. TD Private Client Wealth LLC grew its holdings in APA by 84.1% during the third quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company’s stock worth $29,000 after acquiring an additional 540 shares during the period. Covestor Ltd grew its holdings 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. Whittier Trust Co. of Nevada Inc. grew its holdings in APA by 386.7% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,358 shares of the company’s stock worth $40,000 after acquiring an additional 1,079 shares during the period. Rothschild Investment LLC acquired a new stake in APA during the second quarter worth about $42,000. Finally, Huntington National Bank grew its holdings in APA by 48.8% during the third quarter. Huntington National Bank now owns 1,710 shares of the company’s stock worth $42,000 after acquiring an additional 561 shares during the period. 83.01% of the stock is currently owned by hedge funds and other institutional investors.

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.