APA (NASDAQ:APA – Get Free Report) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday, Zacks reports. Zacks Research also issued estimates for APA’s Q3 2026 earnings at $0.68 EPS, Q4 2026 earnings at $0.59 EPS, FY2026 earnings at $4.53 EPS, Q1 2027 earnings at $1.01 EPS, Q2 2027 earnings at $0.94 EPS, Q3 2027 earnings at $0.82 EPS, Q4 2027 earnings at $0.95 EPS, FY2027 earnings at $3.72 EPS, Q1 2028 earnings at $0.75 EPS, Q2 2028 earnings at $0.73 EPS, Q3 2028 earnings at $0.46 EPS and FY2028 earnings at $3.83 EPS.
Several other research analysts have also weighed in on APA. Truist Financial lifted their target price on APA from $39.00 to $44.00 and gave the stock a “hold” rating in a report on Monday, September 21st. Morgan Stanley dropped their target price on shares of APA from $44.00 to $41.00 and set an “underweight” rating on the stock in a report on Friday, June 26th. Argus upgraded shares of APA from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a report on Wednesday, August 19th. KeyCorp set a $46.00 target price on shares of APA in a research note on Wednesday, August 12th. Finally, Wall Street Zen raised APA from a “hold” rating to a “buy” rating in a research note on Saturday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fifteen have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $43.14.
Check Out Our Latest Research Report on APA
APA Stock Up 0.6%
APA (NASDAQ:APA – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $1.89 earnings per share 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 for the quarter, compared to the consensus estimate of $2.46 billion. During the same period in the prior year, the business earned $0.87 earnings per share. Analysts expect that APA will post 5.8 EPS for the current year.
APA announced that its Board of Directors has approved a share repurchase plan on Wednesday, September 16th that permits the company to repurchase 40,000,000 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.
Institutional Investors Weigh In On APA
A number of institutional investors and hedge funds have recently modified their holdings of APA. Parkside Financial Bank & Trust increased its position in shares of APA by 9.8% in the second quarter. Parkside Financial Bank & Trust now owns 3,206 shares of the company’s stock worth $104,000 after purchasing an additional 285 shares during the last quarter. Altshuler Shaham Ltd raised its position in shares of APA by 36.7% during the 1st quarter. Altshuler Shaham Ltd now owns 1,229 shares of the company’s stock valued at $52,000 after buying an additional 330 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of APA by 0.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 106,667 shares of the company’s stock worth $2,609,000 after acquiring an additional 375 shares during the last quarter. Waverly Advisors LLC grew its position in APA by 4.3% in the second quarter. Waverly Advisors LLC now owns 9,849 shares of the company’s stock worth $321,000 after acquiring an additional 405 shares in the last quarter. Finally, Fortitude Family Office LLC increased its stake in APA by 37.9% in the second quarter. Fortitude Family Office LLC now owns 1,489 shares of the company’s stock valued at $48,000 after acquiring an additional 409 shares during the last quarter. 83.01% of the stock is owned by institutional investors.
APA News Summary
Here are the key news stories impacting APA this week:
- Positive Sentiment: Zacks raised its estimates for APA’s third-quarter 2026 EPS to $0.68 from $0.66, fourth-quarter 2026 EPS to $0.59 from $0.53, and full-year 2026 EPS to $4.53 from $4.47. It also lifted full-year 2027 EPS to $3.72 from $3.59 and full-year 2028 EPS to $3.83 from $3.61, signaling improved expectations for medium-term profitability.
- Positive Sentiment: Additional quarterly increases included first-quarter 2027 EPS to $1.01 from $0.99, second-quarter 2027 EPS to $0.94 from $0.93, third-quarter 2027 EPS to $0.82 from $0.79, and fourth-quarter 2027 EPS to $0.95 from $0.88.
- Positive Sentiment: APA was included on Zacks’ October 6 list of Rank #1 (Strong Buy) value stocks, reinforcing the stock’s appeal to value-focused investors. Best Value Stocks to Buy for October 6th
- Positive Sentiment: Zacks also identified APA as a top-ranked value stock, highlighting its valuation profile for investors seeking potentially undervalued energy companies. APA Is a Top-Ranked Value Stock
- Neutral Sentiment: The current full-year consensus EPS estimate remains $5.80. The Zacks changes are analyst-model revisions rather than new company guidance, so investors may continue to focus on energy prices and APA’s upcoming operating results.
- Negative Sentiment: Zacks lowered its estimates for first-quarter 2028 EPS to $0.75 from $0.79, second-quarter 2028 EPS to $0.73 from $0.75, and third-quarter 2028 EPS to $0.46 from $0.60. These cuts point to some longer-term earnings pressure.
About APA
APA Corporation (NASDAQ:APA) is an independent energy company engaged in the exploration, development and production of oil, natural gas and natural gas liquids. The company’s activities include identifying prospective resources, drilling and completing wells, and managing producing assets across multiple international markets.
APA’s operations have historically been concentrated in the Permian Basin of the United States and in Egypt’s Western Desert, where it participates in exploration and production activities through joint ventures.
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