APA Co. (NASDAQ:APA - Free Report) - Investment analysts at Scotiabank upped their FY2026 earnings per share estimates for shares of APA in a report issued on Wednesday, March 19th. Scotiabank analyst P. Cheng now forecasts that the company will post earnings per share of $3.35 for the year, up from their previous estimate of $3.05. 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). APA had a net margin of 24.36% and a return on equity of 27.86%. The firm had revenue of $2.50 billion for the quarter, compared to analysts' expectations of $2.31 billion.
A number of other equities research analysts have also recently commented on APA. Susquehanna decreased their price target on APA from $33.00 to $31.00 and set a "positive" rating for the company in a research note on Monday, March 3rd. Wells Fargo & Company lowered shares of APA from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $42.00 to $25.00 in a research report on Tuesday, December 17th. UBS Group dropped their target price on shares of APA from $28.00 to $27.00 and set a "neutral" rating on the stock in a research report on Monday, December 9th. Barclays decreased their price target on shares of APA from $27.00 to $25.00 and set an "equal weight" rating for the company in a report on Tuesday, March 18th. Finally, Piper Sandler dropped their price objective on shares of APA from $26.00 to $23.00 and set a "neutral" rating on the stock in a report on Tuesday, December 17th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, APA presently has a consensus rating of "Hold" and an average target price of $28.60.
Read Our Latest Research Report on APA
APA Stock Up 1.3 %
Shares of APA traded up $0.26 during midday trading on Friday, hitting $20.87. 1,500,825 shares of the company's stock traded hands, compared to its average volume of 6,462,410. APA has a 1 year low of $17.66 and a 1 year high of $36.05. The firm's fifty day moving average is $21.97 and its 200-day moving average is $23.04. 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 market capitalization of $7.60 billion, a price-to-earnings ratio of 2.95 and a beta of 3.26.
APA Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Tuesday, April 22nd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.79%. The ex-dividend date is Tuesday, April 22nd. APA's payout ratio is presently 44.25%.
Institutional Investors Weigh In On APA
A number of hedge funds and other institutional investors have recently made changes to their positions in APA. ProShare Advisors LLC increased its position in shares of APA by 0.4% during the 4th quarter. ProShare Advisors LLC now owns 113,913 shares of the company's stock worth $2,630,000 after purchasing an additional 449 shares during the last quarter. Van ECK Associates Corp boosted its stake in APA by 0.6% during the fourth quarter. Van ECK Associates Corp now owns 77,110 shares of the company's stock worth $1,780,000 after buying an additional 469 shares during the period. Nissay Asset Management Corp Japan ADV increased its position in shares of APA by 1.1% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 46,063 shares of the company's stock valued at $1,018,000 after acquiring an additional 517 shares during the last quarter. TD Private Client Wealth LLC raised its stake in shares of APA by 84.1% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company's stock valued at $29,000 after acquiring an additional 540 shares during the period. Finally, Asset Management One Co. Ltd. raised its position in APA by 0.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 138,991 shares of the company's stock valued at $3,070,000 after purchasing an additional 544 shares during the period. Institutional investors and hedge funds own 83.01% of the company's stock.
About APA
(
Get Free Report)
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.
Featured Articles
Before you consider APA, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and APA wasn't on the list.
While APA currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
