Zacks Research Issues Positive Estimate for APA Earnings

APA Corporation (NASDAQ:APA) – Zacks Research raised their Q3 2026 earnings per share (EPS) estimates for APA in a research note issued on Monday, December 15th. Zacks Research analyst Team now expects that the company will earn $0.54 per share for the quarter, up from their previous estimate of $0.51. The consensus estimate for APA’s current full-year earnings is $4.03 per share.

A number of other research analysts have also commented on APA. Citigroup raised their price objective on shares of APA from $24.00 to $25.00 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. Susquehanna increased their price target on APA from $30.00 to $32.00 and gave the company a “positive” rating in a research note on Wednesday, November 12th. Roth Capital lifted their price target on APA from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Wednesday, October 15th. Wolfe Research boosted their price objective on APA from $35.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, October 20th. Finally, Barclays raised their target price on APA from $22.00 to $24.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 19th. Six equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $26.73.

APA Stock Up 1.3%

APA stock opened at $24.12 on Thursday. The firm’s 50-day moving average is $24.16 and its two-hundred day moving average is $22.07. The company has a market capitalization of $8.55 billion, a price-to-earnings ratio of 5.80, a price-to-earnings-growth ratio of 6.42 and a beta of 0.75. APA has a 52 week low of $13.58 and a 52 week high of $27.72. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.62.

APA (NASDAQ:APA) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.19. The business had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.06 billion. APA had a net margin of 15.49% and a return on equity of 19.86%. The company’s revenue was down 16.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.00 earnings per share.

APA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 23rd. Investors of record on Thursday, January 22nd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Thursday, January 22nd. APA’s payout ratio is presently 24.04%.

Institutional Investors Weigh In On APA

Several hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC lifted its stake in APA by 157.1% in the 2nd quarter. AQR Capital Management LLC now owns 3,060,135 shares of the company’s stock worth $55,970,000 after acquiring an additional 1,869,891 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings 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 valued at $340,657,000 after purchasing an additional 1,674,739 shares during the period. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of APA by 2.9% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 36,439,749 shares of the company’s stock valued at $765,964,000 after purchasing an additional 1,029,961 shares during the period. Northern Trust Corp lifted its position in shares of APA by 29.6% in the third quarter. Northern Trust Corp now owns 4,462,476 shares of the company’s stock worth $108,349,000 after purchasing an additional 1,018,326 shares in the last quarter. Finally, Evergreen Capital Management LLC boosted its holdings in shares of APA by 7,627.3% during the third quarter. Evergreen Capital Management LLC now owns 1,013,516 shares of the company’s stock worth $24,608,000 after purchasing an additional 1,000,400 shares during the period. 83.01% of the stock is owned by hedge funds and other institutional investors.

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.