APA Corporation (NASDAQ:APA – Get Free Report) VP Mark Maddox sold 9,800 shares of APA stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $40.04, for a total transaction of $392,392.00. Following the completion of the transaction, the vice president directly owned 66,810 shares of the company’s stock, valued at $2,675,072.40. This trade represents a 12.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.
APA Price Performance
APA opened at $38.80 on Monday. The firm has a market cap of $13.71 billion, a price-to-earnings ratio of 9.04 and a beta of 0.38. APA Corporation has a fifty-two week low of $16.25 and a fifty-two week high of $45.66. The company’s 50-day moving average price is $38.87 and its 200 day moving average price is $30.67. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.58.
APA (NASDAQ:APA – Get Free Report) last issued its earnings results on Wednesday, May 6th. The company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.27. The company had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.13 billion. APA had a return on equity of 20.70% and a net margin of 17.38%.APA’s quarterly revenue was down 11.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.06 earnings per share. As a group, sell-side analysts expect that APA Corporation will post 5.06 earnings per share for the current year.
APA Dividend Announcement
Analysts Set New Price Targets
A number of research firms have issued reports on APA. Truist Financial raised their target price on APA from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Monday, April 20th. Morgan Stanley upped their price target on shares of APA from $43.00 to $44.00 and gave the stock an “underweight” rating in a research report on Thursday. Jefferies Financial Group increased their price objective on shares of APA from $26.00 to $36.00 and gave the stock a “hold” rating in a report on Monday, April 13th. BMO Capital Markets cut their price objective on shares of APA from $47.00 to $45.00 and set a “market perform” rating on the stock in a research report on Wednesday, May 13th. Finally, Bank of America boosted their target price on shares of APA from $23.00 to $27.00 and gave the company an “underperform” rating in a research note on Monday, March 16th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seventeen have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, APA has an average rating of “Hold” and a consensus target price of $40.12.
View Our Latest Research Report on APA
Institutional Investors Weigh In On APA
Hedge funds and other institutional investors have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership grew its position in APA by 1,726.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,834,502 shares of the company’s stock valued at $205,176,000 after buying an additional 4,569,779 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in APA by 76.9% during the 4th 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 during the period. AQR Capital Management LLC raised its position in shares of APA by 157.1% during the 2nd quarter. AQR Capital Management LLC now owns 3,060,135 shares of the company’s stock worth $55,970,000 after buying an additional 1,869,891 shares in the last quarter. Morgan Stanley raised its position in shares of APA by 21.8% during the 4th quarter. Morgan Stanley now owns 10,425,586 shares of the company’s stock worth $255,010,000 after buying an additional 1,864,900 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of APA by 13.6% in the 3rd 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 during the period. 83.01% of the stock is currently owned by institutional investors.
Key Headlines Impacting APA
Here are the key news stories impacting APA this week:
- Positive Sentiment: Zacks Research raised multiple earnings forecasts for APA, including FY2026, FY2027, and several quarterly estimates, suggesting improved profitability expectations.
- Positive Sentiment: Morgan Stanley increased its price target on APA to $44 from $43, indicating slightly better valuation expectations despite the cautious rating. Article Title
- Positive Sentiment: APA declared a quarterly dividend of $0.25 per share, which may appeal to income-focused investors and support the stock.
- Neutral Sentiment: APA management discussed the company in a shareholder/analyst call transcript, but no major new catalyst was highlighted in the provided excerpt. Article Title
- Negative Sentiment: VP Mark D. Maddox sold 9,800 shares, a insider sale that can be viewed cautiously by investors. Article Title
- Neutral Sentiment: An energy-sector article about Shell divesting Uruguay offshore interests is more relevant to the broader industry than to APA specifically. Article Title
About APA
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.
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