FY2024 EPS Estimates for APA Lifted by Capital One Financial

APA Co. (NASDAQ:APA - Free Report) - Equities researchers at Capital One Financial upped their FY2024 earnings per share (EPS) estimates for shares of APA in a research report issued to clients and investors on Wednesday, November 13th. Capital One Financial analyst B. Velie now forecasts that the company will post earnings of $4.06 per share for the year, up from their previous forecast of $3.71. The consensus estimate for APA's current full-year earnings is $3.96 per share. Capital One Financial also issued estimates for APA's FY2026 earnings at $1.27 EPS.

APA has been the topic of several other reports. JPMorgan Chase & Co. cut their target price on APA from $29.00 to $25.00 and set a "neutral" rating on the stock in a research note on Wednesday. Citigroup lowered their price objective on shares of APA from $32.00 to $29.00 in a research report on Friday, October 18th. 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. Evercore ISI cut their target price on APA from $39.00 to $33.00 and set an "in-line" rating on the stock in a research report on Monday, September 30th. Finally, Susquehanna decreased their price target on APA from $52.00 to $48.00 and set a "positive" rating for the company in a report on Friday, October 18th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $32.95.

APA Stock Performance

Shares of APA stock traded down $0.22 during trading on Friday, hitting $22.38. The company's stock had a trading volume of 7,335,778 shares, compared to its average volume of 6,269,920. APA has a 52 week low of $21.15 and a 52 week high of $37.82. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.03. The business has a fifty day moving average of $24.51 and a 200-day moving average of $27.69. The company has a market cap of $8.28 billion, a PE ratio of 3.16 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. Shareholders of record on Tuesday, October 22nd will be given 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 yield of 4.47%. APA's dividend payout ratio (DPR) is presently 14.12%.

Institutional Trading of APA

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of APA by 4.7% during the 1st quarter. Vanguard Group Inc. now owns 44,648,084 shares of the company's stock valued at $1,535,001,000 after purchasing an additional 2,004,555 shares during the last quarter. Woodstock Corp lifted its stake in APA by 20.3% during the 3rd quarter. Woodstock Corp now owns 308,253 shares of the company's stock valued at $7,540,000 after acquiring an additional 51,993 shares during the period. Ellis Investment Partners LLC purchased a new position in APA in the second quarter worth about $2,499,000. AQR Capital Management LLC grew its position in shares of APA by 112.6% during the 2nd quarter. AQR Capital Management LLC now owns 1,448,935 shares of the company's stock valued at $42,092,000 after acquiring an additional 767,557 shares during the period. Finally, Hsbc Holdings PLC raised its stake in APA by 50.2% during the 2nd quarter. Hsbc Holdings PLC now owns 985,596 shares of the company's stock worth $29,002,000 after acquiring an additional 329,462 shares during the period. Institutional investors and hedge funds own 83.01% of the company's stock.

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.