Zacks Research Has Pessimistic Outlook of APA Q2 Earnings

APA Co. (NASDAQ:APA - Free Report) - Analysts at Zacks Research dropped their Q2 2026 EPS estimates for shares of APA in a report released on Monday, April 7th. Zacks Research analyst N. Choudhury now expects that the company will post earnings per share of $0.79 for the quarter, down from their prior estimate of $0.80. The consensus estimate for APA's current full-year earnings is $4.03 per share. Zacks Research also issued estimates for APA's Q3 2026 earnings at $0.80 EPS, Q4 2026 earnings at $0.80 EPS, FY2026 earnings at $3.15 EPS and FY2027 earnings at $2.19 EPS.

A number of other research analysts have also commented on APA. 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 research note on Tuesday, December 17th. Citigroup dropped their price objective on APA from $24.00 to $20.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Barclays lowered their target price on shares of APA from $27.00 to $25.00 and set an "equal weight" rating on the stock in a research report on Tuesday, March 18th. Royal Bank of Canada reduced their price target on shares of APA from $27.00 to $24.00 and set a "sector perform" rating on the stock in a report on Friday. Finally, Mizuho dropped their price target on APA from $25.00 to $24.00 and set an "underperform" rating for the company in a research report on Monday, December 16th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, APA currently has an average rating of "Hold" and a consensus target price of $26.47.

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APA Stock Performance

NASDAQ APA traded down $0.32 during trading hours on Thursday, hitting $14.88. The company had a trading volume of 3,893,814 shares, compared to its average volume of 6,749,911. The company has a market cap of $5.42 billion, a PE ratio of 2.10 and a beta of 2.74. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.24 and a current ratio of 1.24. APA has a 1-year low of $13.58 and a 1-year high of $33.88. The business has a 50 day moving average of $19.95 and a 200-day moving average of $22.20.

APA (NASDAQ:APA - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.79 EPS for the quarter, missing analysts' consensus estimates of $0.97 by ($0.18). The business had revenue of $2.50 billion during the quarter, compared to analysts' expectations of $2.31 billion. APA had a net margin of 24.36% and a return on equity of 27.86%.

APA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Tuesday, April 22nd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 6.72%. APA's dividend payout ratio (DPR) is 44.25%.

Hedge Funds Weigh In On APA

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quantinno Capital Management LP increased its position in shares of APA by 11.0% during the third quarter. Quantinno Capital Management LP now owns 48,393 shares of the company's stock worth $1,184,000 after acquiring an additional 4,787 shares during the last quarter. Kovitz Investment Group Partners LLC increased its holdings in shares of APA by 20.3% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 72,258 shares of the company's stock valued at $1,625,000 after acquiring an additional 12,207 shares during the last quarter. National Bank of Canada FI lifted its stake in APA by 50.1% during the third quarter. National Bank of Canada FI now owns 202,962 shares of the company's stock worth $4,964,000 after purchasing an additional 67,788 shares during the last quarter. MML Investors Services LLC bought a new stake in APA during the third quarter valued at $214,000. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in APA by 1.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 188,891 shares of the company's stock worth $4,620,000 after acquiring an additional 3,324 shares during the last quarter. Hedge funds and other institutional investors own 83.01% of the company's stock.

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.