Friday’s 10 Worst Performing Stocks

7. APA Corporation (NASDAQ:APA)

APA Corporation declined for a second day on Friday, losing 13.22 percent at intra-day trading as investors sold off positions after two investment companies downgraded their outlooks for the company.

On Friday, Capital One lowered its price target for APA to $35 from $38 previously but kept an “overweight” rating on its stock.

Meanwhile, Wolfe Research downgraded its price target for APA to $36 from $40 previously but also kept an “outperform” on its shares.

APA is a holding company that owns Apache Corp., an American firm engaged in hydrocarbon exploration. It owns various subsidiaries in the US, Egypt’s Western Desert and the United Kingdom’s North Sea and exploration opportunities offshore Suriname.

In other news, APA announced a dividend of $0.25 per share to its shareholders, payable on May 22.