Landscape Capital Management L.L.C. bought a new position in shares of APA Corporation (NASDAQ:APA – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 144,823 shares of the company’s stock, valued at approximately $4,717,000.
A number of other hedge funds have also bought and sold shares of the stock. EP Wealth Advisors LLC acquired a new stake in shares of APA during the second quarter worth $902,000. Ieq Capital LLC purchased a new stake in shares of APA during the second quarter valued at $1,539,000. Heron Bay Capital Management acquired a new position in shares of APA in the 2nd quarter valued at $515,000. Callan Family Office LLC acquired a new position in shares of APA in the 2nd quarter valued at $291,000. Finally, Allworth Financial LP purchased a new position in APA in the 2nd quarter worth $264,000. Institutional investors and hedge funds own 83.01% of the company’s stock.
Analyst Ratings Changes
A number of analysts have commented on APA shares. Truist Financial lifted their price target on APA from $38.00 to $39.00 and gave the stock a “hold” rating in a research report on Monday, August 10th. Barclays cut their price objective on APA from $41.00 to $40.00 and set an “equal weight” rating on the stock in a report on Monday, August 17th. Roth Capital set a $39.00 price objective on APA in a research note on Thursday, August 6th. Weiss Ratings raised APA from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Finally, Wall Street Zen upgraded APA from a “hold” rating to a “buy” rating in a research report on Saturday. Ten equities 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 data from MarketBeat.com, APA has a consensus rating of “Hold” and a consensus target price of $41.50.
Key Stories Impacting APA
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 Trading Down 2.3%
NASDAQ APA opened at $43.39 on Friday. The company has a market capitalization of $15.20 billion, a PE ratio of 9.17, a P/E/G ratio of 0.80 and a beta of 0.35. The company has a fifty day moving average of $35.97 and a 200 day moving average of $35.79. APA Corporation has a 1 year low of $20.71 and a 1 year 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 posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.89 EPS for the quarter, missing the consensus estimate of $1.90 by ($0.01). The business had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.46 billion. APA had a net margin of 19.48% and a return on equity of 24.84%. During the same period in the previous year, the company posted $0.87 earnings per share. Research analysts forecast that APA Corporation will post 5.54 earnings per share for the current year.
APA 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.
Further Reading
- Five stocks we like better than APA
- Blueprint for a Boom: SEC Clears the Crypto Runway
- Ross Stores Just Flipped the Off-Price Retail Story After TJX’s Marmaxx Miss
- Advance Auto Parts Plunged, But Its Turnaround Is Still Working
- Is Palo Alto Networks Priced for Perfection Again as AI Security Demand Accelerates?
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.
