APA Corporation (NASDAQ:APA – Free Report) – Equities researchers at Scotiabank upped their FY2026 earnings per share estimates for shares of APA in a research note issued on Thursday, May 14th. Scotiabank analyst B. Zhang now expects that the company will earn $6.10 per share for the year, up from their prior forecast of $6.05. Scotiabank has a “Sector Perform” rating and a $36.00 price objective on the stock. The consensus estimate for APA’s current full-year earnings is $5.19 per share.
A number of other research analysts have also issued reports on APA. TD Cowen upgraded shares of APA to a “hold” rating in a research report on Monday, February 9th. Zacks Research upgraded APA from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Capital One Financial increased their price target on APA from $50.00 to $51.00 and gave the stock an “overweight” rating in a research report on Tuesday. Wells Fargo & Company raised their price objective on APA from $21.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 9th. Finally, Jefferies Financial Group upped their target price on APA from $26.00 to $36.00 and gave the company a “hold” rating in a research report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eighteen have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $39.81.
APA Price Performance
NASDAQ:APA opened at $37.11 on Friday. APA has a 52 week low of $16.15 and a 52 week high of $45.66. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.92 and a current ratio of 0.92. The firm’s 50-day simple moving average is $38.01 and its 200 day simple moving average is $29.97. The firm has a market cap of $13.11 billion, a price-to-earnings ratio of 8.65 and a beta of 0.38.
APA (NASDAQ:APA – Get Free Report) last posted its earnings results on Wednesday, May 6th. The company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.27. APA had a return on equity of 20.70% and a net margin of 17.38%.The company had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter last year, the firm earned $1.06 earnings per share. The company’s revenue was down 11.7% on a year-over-year basis.
Institutional Investors Weigh In On APA
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership raised its holdings in shares of APA by 1,726.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,834,502 shares of the company’s stock worth $205,176,000 after buying an additional 4,569,779 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in APA by 76.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 7,171,963 shares of the company’s stock valued at $175,426,000 after buying an additional 3,117,032 shares in the last quarter. AQR Capital Management LLC grew its position in APA by 157.1% in the second quarter. AQR Capital Management LLC now owns 3,060,135 shares of the company’s stock valued at $55,970,000 after acquiring an additional 1,869,891 shares during the last quarter. Morgan Stanley raised its stake in APA by 21.8% during the fourth quarter. Morgan Stanley now owns 10,425,586 shares of the company’s stock worth $255,010,000 after acquiring an additional 1,864,900 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in APA by 13.6% during the third quarter. Dimensional Fund Advisors LP now owns 14,030,230 shares of the company’s stock worth $340,657,000 after acquiring an additional 1,674,739 shares in the last quarter. 83.01% of the stock is currently owned by institutional investors.
Insider Activity
In related news, Director Matthew Regis Bob sold 23,000 shares of the stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $36.23, for a total transaction of $833,290.00. Following the sale, the director owned 6,634 shares in the company, valued at approximately $240,349.82. This trade represents a 77.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.73% of the company’s stock.
APA Company Profile
APA Corporation (NASDAQ: APA) is an independent exploration and production company engaged in the acquisition, development and production of oil and natural gas resources. The company operates through three core regions: the United States, Egypt and the North Sea. Through its integrated approach, APA combines geological and geophysical expertise with technical innovation to identify and develop hydrocarbons in both onshore and offshore settings.
In the United States, APA’s largest position is in the Permian Basin of West Texas and southeastern New Mexico, where it holds substantial acreage dedicated to oil-focused drilling and production.
Recommended Stories
- Five stocks we like better than APA
- Aeluma’s Post-Earnings Dip Creates a Buying Opportunity
- Be Ready: 3 Upcoming Catalysts Could Drive Oracle to Record Highs
- 2 Ways to Play the Big Pharma Patent Cliff
- YETI Rallies After Earnings Beat and Raised Outlook
Receive News & Ratings for APA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for APA and related companies with MarketBeat.com's FREE daily email newsletter.
