Research Analysts Set Expectations for APA Co.’s Q1 2022 Earnings (NASDAQ:APA)

APA Co. (NASDAQ:APAGet Rating) – Analysts at Capital One Financial lifted their Q1 2022 earnings estimates for shares of APA in a research note issued on Wednesday, April 20th. Capital One Financial analyst B. Velie now forecasts that the company will post earnings per share of $2.52 for the quarter, up from their prior forecast of $2.43. Capital One Financial also issued estimates for APA’s Q3 2022 earnings at $2.54 EPS.

APA (NASDAQ:APAGet Rating) last issued its quarterly earnings data on Sunday, February 20th. The company reported $1.29 EPS for the quarter, missing the consensus estimate of $1.43 by ($0.14). APA had a negative return on equity of 552.09% and a net margin of 12.44%. During the same period in the previous year, the company earned ($0.05) earnings per share.

A number of other equities research analysts have also weighed in on the stock. Susquehanna decreased their target price on shares of APA from $43.00 to $42.00 and set a “positive” rating for the company in a research note on Thursday, February 24th. Mizuho upgraded shares of APA from a “neutral” rating to a “buy” rating and increased their price objective for the company from $38.00 to $56.00 in a research note on Thursday, March 31st. Stifel Nicolaus raised their price target on shares of APA from $33.00 to $37.00 in a report on Tuesday, January 4th. KeyCorp lifted their target price on shares of APA from $44.00 to $45.00 and gave the company an “overweight” rating in a research report on Monday, April 4th. Finally, Stifel Europe boosted their price target on shares of APA from $33.00 to $37.00 in a research note on Tuesday, January 4th. Five equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $42.34.

Shares of APA stock opened at $42.19 on Friday. APA has a 52-week low of $15.55 and a 52-week high of $45.22. The company has a market capitalization of $14.64 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 0.11 and a beta of 4.43. The business’s fifty day moving average is $38.83 and its 200 day moving average is $32.07.

The business also recently declared a quarterly dividend, which will be paid on Monday, May 23rd. Investors of record on Friday, April 22nd will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date is Thursday, April 21st. APA’s dividend payout ratio (DPR) is presently 19.31%.

In other APA news, insider P Anthony Lannie sold 40,800 shares of the company’s stock in a transaction on Monday, March 7th. The shares were sold at an average price of $39.90, for a total transaction of $1,627,920.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Stephen J. Riney purchased 6,300 shares of APA stock in a transaction that occurred on Thursday, February 24th. The stock was acquired at an average cost of $31.47 per share, with a total value of $198,261.00. The disclosure for this purchase can be found here. 1.05% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of APA. Albert D Mason Inc. raised its position in shares of APA by 2.5% in the 1st quarter. Albert D Mason Inc. now owns 10,978 shares of the company’s stock worth $454,000 after acquiring an additional 270 shares in the last quarter. Profund Advisors LLC boosted its holdings in APA by 1.9% in the fourth quarter. Profund Advisors LLC now owns 18,687 shares of the company’s stock worth $502,000 after purchasing an additional 348 shares during the last quarter. Cetera Advisors LLC increased its position in APA by 2.4% during the third quarter. Cetera Advisors LLC now owns 15,100 shares of the company’s stock valued at $324,000 after acquiring an additional 360 shares during the last quarter. Daiwa Securities Group Inc. increased its position in shares of APA by 14.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 3,375 shares of the company’s stock valued at $91,000 after purchasing an additional 414 shares during the last quarter. Finally, Xponance Inc. raised its holdings in APA by 1.8% in the 1st quarter. Xponance Inc. now owns 23,177 shares of the company’s stock worth $958,000 after purchasing an additional 416 shares during the period. 86.58% of the stock is owned by institutional investors and hedge funds.

About APA (Get Rating)

APA Corporation, through its subsidiaries, explores for, develops, and produces oil and gas properties. It has operations in the United States, Egypt, and the United Kingdom, as well as has exploration activities offshore Suriname. The company also operates gathering, processing, and transmission assets in West Texas, as well as holds ownership in four Permian-to-Gulf Coast pipelines.

See Also

Earnings History and Estimates for APA (NASDAQ:APA)

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