D.A. Davidson & CO. Sells 43,596 Shares of APA Corporation $APA

D.A. Davidson & CO. reduced its position in shares of APA Corporation (NASDAQ:APA) by 57.7% during the 1st quarter, HoldingsChannel reports. The firm owned 31,904 shares of the company’s stock after selling 43,596 shares during the period. D.A. Davidson & CO.’s holdings in APA were worth $1,354,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of APA. Cedar Mountain Advisors LLC bought a new stake in APA during the 1st quarter valued at $28,000. Global Assets Advisory LLC bought a new position in shares of APA during the 1st quarter worth $44,000. Summit Securities Group LLC grew its position in shares of APA by 115.1% during the 4th quarter. Summit Securities Group LLC now owns 1,327 shares of the company’s stock worth $32,000 after buying an additional 710 shares in the last quarter. Camelot Portfolios LLC purchased a new position in shares of APA during the fourth quarter valued at $37,000. Finally, Cary Street Partners Investment Advisory LLC purchased a new position in shares of APA during the fourth quarter valued at $47,000. 83.01% of the stock is currently owned by hedge funds and other institutional investors.

More APA News

Here are the key news stories impacting APA this week:

• Positive Sentiment: Zacks Research raised earnings estimates for APA in several future periods, including Q4 2027, Q2 2027, Q1 2027, Q4 2026, and FY2028, suggesting improved longer-term earnings potential.
• Neutral Sentiment: Zacks Research initiated or reiterated a Hold rating on APA and kept its FY2026 and Q2 2026 estimates in line with current expectations, which does not materially change the near-term outlook.
• Neutral Sentiment: Susquehanna lowered its price target on APA from $47 to $45, but maintained a positive rating, implying continued upside from current levels despite a slightly less bullish valuation view. Article: Susquehanna lowers APA price target
• Negative Sentiment: Some near-term earnings estimates were cut, including Q3 2026 and Q1 2028, which could temper enthusiasm if investors are focused on shorter-term results.

Analysts Set New Price Targets

APA has been the subject of several recent research reports. Sanford C. Bernstein lifted their price objective on APA from $37.00 to $40.00 and gave the company a “market perform” rating in a report on Wednesday, May 20th. Barclays raised their target price on shares of APA from $35.00 to $41.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 26th. Wells Fargo & Company boosted their price target on shares of APA from $21.00 to $39.00 and gave the company an “equal weight” rating in a report on Thursday, April 9th. BMO Capital Markets lowered their price target on shares of APA from $47.00 to $45.00 and set a “market perform” rating for the company in a research report on Wednesday, May 13th. Finally, Jefferies Financial Group upped their price target on shares of APA from $26.00 to $36.00 and gave the stock a “hold” rating in a research report on Monday, April 13th. Eight analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $40.35.

APA Stock Performance

Shares of APA stock opened at $36.18 on Thursday. APA Corporation has a 12-month low of $17.86 and a 12-month high of $45.66. The business’s fifty day simple moving average is $35.63 and its 200-day simple moving average is $33.82. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.58. The company has a market cap of $12.79 billion, a PE ratio of 8.43 and a beta of 0.35.

APA (NASDAQ:APA) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.27. APA had a return on equity of 20.70% and a net margin of 17.38%.The firm had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter last year, the firm earned $1.06 EPS. The business’s quarterly revenue was down 11.7% on a year-over-year basis. Analysts expect that APA Corporation will post 4.92 earnings per share for the current fiscal year.

APA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Wednesday, July 22nd will be paid a $0.25 dividend. The ex-dividend date is Wednesday, July 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 2.8%. APA’s dividend payout ratio (DPR) is 23.31%.

Insiders Place Their Bets

In other APA news, VP Mark D. Maddox sold 9,800 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $40.04, for a total value of $392,392.00. Following the completion of the sale, the vice president owned 66,810 shares of the company’s stock, valued at approximately $2,675,072.40. This trade represents a 12.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.73% of the company’s stock.

About APA

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.