Argus upgraded shares of APA (NASDAQ:APA – Free Report) from a hold rating to a buy rating in a report released on Wednesday, MarketBeat Ratings reports. Argus currently has $48.00 price target on the stock.
Several other research analysts have also commented on APA. JPMorgan Chase & Co. lifted their target price on APA from $38.00 to $41.00 in a research report on Friday, May 8th. Wall Street Zen lowered APA from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Roth Capital set a $39.00 price objective on APA in a research note on Thursday, August 6th. Morgan Stanley decreased their price objective on shares of APA from $44.00 to $41.00 and set an “underweight” rating for the company in a report on Friday, June 26th. Finally, Capital One Financial boosted their target price on shares of APA from $50.00 to $51.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. Ten analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $41.50.
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APA Stock Performance
APA (NASDAQ:APA – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.89 EPS for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.01). APA had a return on equity of 24.84% and a net margin of 19.48%.The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same quarter last year, the business posted $0.87 earnings per share. Equities analysts forecast that APA will post 5.54 earnings per share for the current fiscal year.
Institutional Investors Weigh In On APA
Several large investors have recently added to or reduced their stakes in APA. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of APA by 6.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,300 shares of the company’s stock worth $700,000 after acquiring an additional 2,070 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of APA by 49.6% in the 1st quarter. NewEdge Advisors LLC now owns 10,785 shares of the company’s stock worth $227,000 after acquiring an additional 3,578 shares during the period. Goldman Sachs Group Inc. lifted its position in APA by 43.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,668,505 shares of the company’s stock valued at $56,092,000 after purchasing an additional 806,252 shares during the last quarter. Focus Partners Wealth lifted its position in APA by 10.6% in the 1st quarter. Focus Partners Wealth now owns 44,833 shares of the company’s stock valued at $942,000 after purchasing an additional 4,297 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in APA during the 2nd quarter valued at about $5,199,000. 83.01% of the stock is owned by institutional investors and hedge funds.
More APA News
Here are the key news stories impacting APA this week:
- Positive Sentiment: Argus upgraded APA to Buy, providing a stronger analyst endorsement for the oil and gas producer and potentially supporting investor sentiment. APA Raised to Buy at Argus
- Positive Sentiment: Zacks Research raised multiple earnings forecasts: FY2026 EPS increased to $4.40 from $4.22, FY2027 to $3.16 from $2.99, FY2028 to $3.59 from $3.38, Q1 2027 to $0.94 from $0.84, Q3 2027 to $0.72 from $0.68, and Q4 2027 to $0.73 from $0.69. These revisions indicate improved expectations for APA’s medium-term earnings performance.
- Neutral Sentiment: Zacks maintained a Hold rating despite the higher estimates. The revisions remain below the consensus full-year estimate of $5.27 EPS for the current fiscal year, suggesting analysts see upside in longer-term forecasts but not enough evidence for a more decisive rating change. APA analyst estimates
- Negative Sentiment: Q1 2028 EPS expectations were reduced to $0.99 from $1.03, partially offsetting the broader upward revisions and highlighting uncertainty around future commodity prices, production levels, and operating costs.
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.
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