Zacks Research Issues Optimistic Forecast for APA Earnings

APA Co. (NASDAQ:APA - Free Report) - Research analysts at Zacks Research raised their Q1 2025 earnings per share estimates for APA in a note issued to investors on Wednesday, March 12th. Zacks Research analyst N. Choudhury now forecasts that the company will post earnings per share of $0.57 for the quarter, up from their prior estimate of $0.53. The consensus estimate for APA's current full-year earnings is $4.03 per share. Zacks Research also issued estimates for APA's FY2027 earnings at $2.55 EPS.

APA (NASDAQ:APA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.79 earnings per share for the quarter, missing analysts' consensus estimates of $0.97 by ($0.18). The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.31 billion. APA had a net margin of 24.36% and a return on equity of 27.86%.

A number of other analysts have also recently issued reports on the company. The Goldman Sachs Group cut their price objective on APA from $25.00 to $22.00 and set a "sell" rating for the company in a research report on Friday, January 3rd. Barclays dropped their price target on APA from $27.00 to $25.00 and set an "equal weight" rating for the company in a report on Tuesday. Citigroup dropped their price objective on APA from $24.00 to $20.00 and set a "neutral" rating for the company in a report on Monday. Wells Fargo & Company cut APA from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $42.00 to $25.00 in a report on Tuesday, December 17th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $32.00 price objective on shares of APA in a report on Thursday, January 23rd. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, APA has an average rating of "Hold" and an average price target of $28.60.

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APA Stock Up 0.7 %

APA stock traded up $0.14 during mid-day trading on Friday, reaching $20.17. The company had a trading volume of 5,967,656 shares, compared to its average volume of 6,451,151. APA has a 52 week low of $17.66 and a 52 week high of $36.05. The company has a market capitalization of $7.34 billion, a price-to-earnings ratio of 2.85 and a beta of 3.26. The stock has a 50 day simple moving average of $22.22 and a two-hundred day simple moving average of $23.23. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.24 and a quick ratio of 1.24.

Hedge Funds Weigh In On APA

Several hedge funds have recently made changes to their positions in APA. Harris Associates L P boosted its stake in APA by 20.8% during the third quarter. Harris Associates L P now owns 24,914,700 shares of the company's stock valued at $609,414,000 after buying an additional 4,293,932 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its stake in APA by 12.6% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 30,471,834 shares of the company's stock valued at $745,341,000 after buying an additional 3,411,270 shares during the period. Dimensional Fund Advisors LP boosted its stake in APA by 33.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,186,244 shares of the company's stock valued at $142,823,000 after buying an additional 1,540,055 shares during the period. Freestone Grove Partners LP bought a new stake in APA during the fourth quarter valued at $30,767,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in APA by 29.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,297,871 shares of the company's stock valued at $122,328,000 after buying an additional 1,195,212 shares during the period. 83.01% of the stock is currently owned by hedge funds and other institutional investors.

APA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Tuesday, April 22nd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.96%. The ex-dividend date is Tuesday, April 22nd. APA's dividend payout ratio (DPR) is presently 44.25%.

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.