APA Co. (NASDAQ:APA - Free Report) - Equities research analysts at Zacks Research increased their FY2024 earnings per share estimates for shares of APA in a research note issued on Tuesday, November 19th. Zacks Research analyst N. Choudhury now anticipates that the company will post earnings of $3.76 per share for the year, up from their prior forecast of $3.41. The consensus estimate for APA's current full-year earnings is $3.97 per share. Zacks Research also issued estimates for APA's Q4 2024 earnings at $0.81 EPS, Q1 2025 earnings at $0.49 EPS, Q2 2025 earnings at $0.78 EPS, Q3 2025 earnings at $0.84 EPS, Q4 2025 earnings at $0.54 EPS, FY2025 earnings at $2.65 EPS, Q1 2026 earnings at $1.07 EPS, Q2 2026 earnings at $0.63 EPS and Q3 2026 earnings at $0.72 EPS.
A number of other equities analysts have also weighed in on APA. Bernstein Bank cut their target price on shares of APA from $30.00 to $28.00 in a research report on Friday, October 18th. Evercore ISI cut their price target on APA from $39.00 to $33.00 and set an "in-line" rating for the company in a report on Monday, September 30th. Truist Financial decreased their price objective on APA from $36.00 to $33.00 and set a "buy" rating on the stock in a research note on Friday, November 8th. UBS Group reduced their target price on APA from $29.00 to $28.00 and set a "neutral" rating for the company in a report on Monday. Finally, Barclays lowered their price target on shares of APA from $30.00 to $27.00 and set an "equal weight" rating on the stock in a report on Friday, November 8th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $32.81.
Check Out Our Latest Analysis on APA
APA Stock Performance
Shares of APA stock traded up $0.31 during trading hours on Friday, hitting $22.75. 10,446,904 shares of the company were exchanged, compared to its average volume of 6,279,103. 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 firm has a fifty day simple moving average of $24.37 and a 200 day simple moving average of $27.47. The stock has a market capitalization of $8.42 billion, a price-to-earnings ratio of 3.17 and a beta of 3.24.
APA Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Tuesday, October 22nd will be paid a $0.25 dividend. The ex-dividend date is Tuesday, October 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 4.40%. APA's payout ratio is presently 14.12%.
Institutional Investors Weigh In On APA
A number of institutional investors have recently added to or reduced their stakes in the stock. TD Private Client Wealth LLC grew 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 valued at $29,000 after purchasing an additional 540 shares in the last quarter. Covestor Ltd grew its position in APA by 75.4% in the first quarter. Covestor Ltd now owns 1,093 shares of the company's stock worth $38,000 after acquiring an additional 470 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in APA by 386.7% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,358 shares of the company's stock worth $40,000 after acquiring an additional 1,079 shares during the last quarter. Rothschild Investment LLC purchased a new stake in APA during the second quarter valued at approximately $42,000. Finally, Huntington National Bank lifted its stake in shares of APA by 48.8% in the 3rd quarter. Huntington National Bank now owns 1,710 shares of the company's stock valued at $42,000 after purchasing an additional 561 shares during the last quarter. 83.01% of the stock is owned by hedge funds and other institutional investors.
About APA
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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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