APA Co. (NASDAQ:APA - Free Report) - Equities research analysts at Scotiabank lowered their FY2025 earnings estimates for APA in a report issued on Wednesday, January 8th. Scotiabank analyst P. Cheng now expects that the company will post earnings per share of $3.80 for the year, down from their previous estimate of $4.05. Scotiabank currently has a "Sector Perform" rating and a $27.00 target price on the stock. The consensus estimate for APA's current full-year earnings is $4.01 per share. Scotiabank also issued estimates for APA's FY2026 earnings at $3.05 EPS.
Several other equities research analysts have also recently commented on APA. Citigroup lowered their target price on APA from $29.00 to $24.00 and set a "neutral" rating for the company in a research note on Tuesday, November 26th. Evercore ISI decreased their price target on APA from $39.00 to $33.00 and set an "in-line" rating on the stock in a report on Monday, September 30th. Truist Financial dropped their price objective on APA from $36.00 to $33.00 and set a "buy" rating for the company in a report on Friday, November 8th. Susquehanna reduced their target price on shares of APA from $52.00 to $48.00 and set a "positive" rating on the stock in a research note on Friday, October 18th. Finally, Barclays dropped their price target on shares of APA from $30.00 to $27.00 and set an "equal weight" rating for the company in a research note on Friday, November 8th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, APA has an average rating of "Hold" and a consensus price target of $30.55.
Read Our Latest Report on APA
APA Price Performance
Shares of APA stock traded up $0.02 during midday trading on Thursday, reaching $23.68. The company had a trading volume of 4,305,914 shares, compared to its average volume of 5,216,663. 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 stock has a fifty day simple moving average of $22.44 and a 200 day simple moving average of $25.73. APA has a 1-year low of $20.32 and a 1-year high of $36.04. The company has a market capitalization of $8.76 billion, a price-to-earnings ratio of 3.34 and a beta of 3.16.
Hedge Funds Weigh In On APA
Several large investors have recently modified their holdings of APA. Harris Associates L P boosted its position in shares of APA by 20.8% during the 3rd quarter. Harris Associates L P now owns 24,914,700 shares of the company's stock worth $609,414,000 after purchasing an additional 4,293,932 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of APA by 12.6% in 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 purchasing an additional 3,411,270 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of APA by 131.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,813,655 shares of the company's stock worth $141,704,000 after buying an additional 2,736,041 shares in the last quarter. Mizuho Securities USA LLC lifted its holdings in APA by 3,450.8% during the third quarter. Mizuho Securities USA LLC now owns 985,907 shares of the company's stock worth $24,115,000 after acquiring an additional 958,141 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in shares of APA by 112.6% in the 2nd quarter. AQR Capital Management LLC now owns 1,448,935 shares of the company's stock worth $42,092,000 after buying an additional 767,557 shares during the last quarter. Institutional investors own 83.01% of the company's stock.
Insider Buying and Selling
In other APA news, Director Juliet S. Ellis bought 4,391 shares of APA stock in a transaction on Thursday, December 12th. The shares were purchased at an average price of $22.78 per share, with a total value of $100,026.98. Following the acquisition, the director now owns 12,436 shares in the company, valued at $283,292.08. This trade represents a 54.58 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is owned by corporate insiders.
APA Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Wednesday, January 22nd will be paid a $0.25 dividend. The ex-dividend date is Wednesday, January 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 4.22%. APA's dividend payout ratio is 14.12%.
APA Company Profile
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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.
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