APA (NASDAQ:APA) Raised to “Buy” at Wall Street Zen

APA (NASDAQ:APA – Get Free Report) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

A number of other brokerages have also recently commented on APA. Argus upgraded shares of APA from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research note on Wednesday, August 19th. BMO Capital Markets dropped their target price on APA from $47.00 to $45.00 and set a “market perform” rating for the company in a report on Wednesday, May 13th. Wells Fargo & Company raised their target price on APA from $39.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 13th. Morgan Stanley decreased their price target on APA from $44.00 to $41.00 and set an “underweight” rating on the stock in a research note on Friday, June 26th. Finally, Susquehanna increased their price objective on APA from $45.00 to $47.00 and gave the stock a “positive” rating in a research note on Tuesday, August 11th. Ten research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, APA presently has an average rating of “Hold” and a consensus target price of $41.50.

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APA Price Performance

APA opened at $43.39 on Friday. The firm’s fifty day moving average price is $35.97 and its two-hundred day moving average price is $35.86. The company has a market capitalization of $15.20 billion, a P/E ratio of 9.17, a P/E/G ratio of 0.78 and a beta of 0.35. APA has a fifty-two week low of $20.71 and a fifty-two week high of $45.66. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.95 and a quick ratio of 0.95.

APA (NASDAQ:APA – Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $1.89 earnings per share for the quarter, missing the consensus estimate of $1.90 by ($0.01). The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.46 billion. APA had a net margin of 19.48% and a return on equity of 24.84%. During the same quarter last year, the firm posted $0.87 earnings per share. On average, analysts anticipate that APA will post 5.54 EPS for the current year.

Institutional Investors Weigh In On APA

Hedge funds have recently bought and sold shares of the company. Hollencrest Capital Management grew its holdings in shares of APA by 520.8% in the 1st quarter. Hollencrest Capital Management now owns 596 shares of the company’s stock valued at $25,000 after buying an additional 500 shares during the period. Cedar Mountain Advisors LLC acquired a new stake in APA during the 1st quarter worth $28,000. Compass Financial Management LLC acquired a new stake in APA during the 2nd quarter worth $33,000. MidFirst Bank bought a new position in APA during the second quarter worth about $33,000. Finally, Global Assets Advisory LLC bought a new position in APA during the first quarter worth about $44,000. 83.01% of the stock is currently owned by institutional investors and hedge funds.

APA News Roundup

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.

About APA

(Get Free Report)

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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