Research Analysts Issue Forecasts for APA FY2024 Earnings

APA Co. (NASDAQ:APA) – Zacks Research raised their FY2024 earnings estimates for APA in a research note issued on Tuesday, November 19th. Zacks Research analyst N. Choudhury now anticipates that the company will post earnings per share of $3.76 for the year, up from their prior forecast of $3.41. The consensus estimate for APA’s current full-year earnings is $3.97 per share. Zacks Research also issued estimates for APA’s Q4 2024 earnings at $0.81 EPS, Q1 2025 earnings at $0.49 EPS, Q2 2025 earnings at $0.78 EPS, Q3 2025 earnings at $0.84 EPS, Q4 2025 earnings at $0.54 EPS, FY2025 earnings at $2.65 EPS, Q1 2026 earnings at $1.07 EPS, Q2 2026 earnings at $0.63 EPS and Q3 2026 earnings at $0.72 EPS.

A number of other research firms have also recently weighed in on APA. JPMorgan Chase & Co. lowered their price target on APA from $29.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday, November 13th. The Goldman Sachs Group cut their price target on APA from $26.00 to $25.00 in a research note on Friday, October 18th. UBS Group lowered their price objective on shares of APA from $29.00 to $28.00 and set a “neutral” rating on the stock in a research note on Monday. Royal Bank of Canada reduced their price target on shares of APA from $34.00 to $32.00 and set a “sector perform” rating on the stock in a report on Monday, November 11th. Finally, Mizuho cut their price objective on APA from $35.00 to $28.00 and set an “underperform” rating for the company in a research report on Monday, September 16th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $32.81.

APA Stock Performance

Shares of APA opened at $22.43 on Friday. The company has a 50-day simple moving average of $24.37 and a 200-day simple moving average of $27.47. 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 company has a market capitalization of $8.30 billion, a PE ratio of 3.17 and a beta of 3.24.

APA Dividend Announcement

The business 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 dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $1.00 annualized dividend and a dividend yield of 4.46%. APA’s dividend payout ratio is presently 14.12%.

Institutional Investors Weigh In On APA

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blair William & Co. IL acquired a new stake in APA in the 1st quarter valued at $256,000. Covestor Ltd lifted its position in APA by 75.4% during the 1st quarter. Covestor Ltd now owns 1,093 shares of the company’s stock worth $38,000 after acquiring an additional 470 shares in the last quarter. American International Group Inc. lifted its position in APA by 15.4% during the 1st quarter. American International Group Inc. now owns 99,737 shares of the company’s stock worth $3,429,000 after acquiring an additional 13,279 shares in the last quarter. Natixis grew its position in APA by 33.1% in the first quarter. Natixis now owns 36,321 shares of the company’s stock valued at $1,249,000 after acquiring an additional 9,032 shares in the last quarter. Finally, CreativeOne Wealth LLC purchased a new stake in shares of APA during the first quarter valued at approximately $251,000. 83.01% of the stock is currently owned by institutional investors and hedge funds.

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.