What is Scotiabank's Estimate for APA FY2025 Earnings?

APA Co. (NASDAQ:APA - Free Report) - Equities researchers at Scotiabank reduced their FY2025 earnings estimates for shares of APA in a research report issued on Wednesday, March 19th. Scotiabank analyst P. Cheng now forecasts that the company will earn $3.20 per share for the year, down from their prior estimate of $3.80. The consensus estimate for APA's current full-year earnings is $4.03 per share.

APA (NASDAQ:APA - Get Free Report) last posted its earnings results on Wednesday, February 26th. The company reported $0.79 EPS 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 return on equity of 27.86% and a net margin of 24.36%.

A number of other equities analysts have also commented on the stock. Citigroup cut their price target on shares of APA from $24.00 to $20.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Susquehanna reduced their target price on APA from $33.00 to $31.00 and set a "positive" rating on the stock in a report on Monday, March 3rd. Royal Bank of Canada restated a "sector perform" rating and set a $32.00 price target on shares of APA in a report on Thursday, January 23rd. UBS Group reduced their price objective on shares of APA from $28.00 to $27.00 and set a "neutral" rating on the stock in a research note on Monday, December 9th. Finally, Mizuho decreased their price objective on shares of APA from $25.00 to $24.00 and set an "underperform" rating for the company in a research report on Monday, December 16th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $28.60.

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APA Price Performance

Shares of NASDAQ APA traded up $0.11 during midday trading on Monday, reaching $20.95. 1,780,677 shares of the company were exchanged, compared to its average volume of 6,474,516. The stock's 50-day moving average price is $21.90 and its 200-day moving average price is $23.00. The stock has a market cap of $7.63 billion, a P/E ratio of 2.96 and a beta of 3.26. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.03. APA has a one year low of $17.66 and a one year high of $36.05.

Institutional Trading of APA

A number of hedge funds have recently bought and sold shares of the business. Brown Brothers Harriman & Co. increased its position in shares of APA by 1,087.9% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,176 shares of the company's stock valued at $27,000 after purchasing an additional 1,077 shares during the last quarter. TD Private Client Wealth LLC increased its holdings in shares of APA by 84.1% in the third quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company's stock worth $29,000 after purchasing an additional 540 shares during the period. Riverview Trust Co boosted its stake in APA by 5,718.2% during the fourth quarter. Riverview Trust Co now owns 1,280 shares of the company's stock valued at $30,000 after buying an additional 1,258 shares during the period. Wilmington Savings Fund Society FSB boosted its stake in APA by 77.9% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company's stock valued at $31,000 after buying an additional 586 shares during the period. Finally, Runnymede Capital Advisors Inc. purchased a new position in APA during the fourth quarter worth about $35,000. 83.01% of the stock is currently owned by institutional investors.

APA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Tuesday, April 22nd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.77%. The ex-dividend date of this dividend is Tuesday, April 22nd. APA's dividend payout ratio is presently 44.25%.

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.