Capital One Financial Comments on APA Co.’s FY2022 Earnings (NASDAQ:APA)

APA Co. (NASDAQ:APAGet Rating) – Analysts at Capital One Financial dropped their FY2022 earnings per share estimates for APA in a report released on Thursday, May 5th. Capital One Financial analyst B. Velie now anticipates that the company will post earnings per share of $8.52 for the year, down from their prior estimate of $8.82.

APA (NASDAQ:APAGet Rating) last issued its earnings results on Wednesday, May 4th. The company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.76 by $0.16. APA had a return on equity of 11,632.79% and a net margin of 30.21%. The business had revenue of $2.67 billion for the quarter, compared to the consensus estimate of $2.44 billion. During the same period last year, the business posted $0.91 EPS. The company’s revenue was up 42.7% compared to the same quarter last year.

Several other brokerages have also commented on APA. Susquehanna Bancshares raised their price target on APA from $42.00 to $52.00 in a research note on Monday, April 25th. Stifel Nicolaus upped their price target on shares of APA from $51.00 to $59.00 and gave the company a “buy” rating in a research note on Friday. The Goldman Sachs Group upped their price target on shares of APA from $46.50 to $52.50 and gave the company a “neutral” rating in a research note on Tuesday, April 26th. Raymond James upped their price target on shares of APA from $59.00 to $75.00 and gave the company a “strong-buy” rating in a research note on Monday, April 25th. Finally, MKM Partners upped their price target on shares of APA from $38.00 to $44.00 and gave the company a “buy” rating in a research note on Wednesday, February 23rd. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $46.55.

APA stock opened at $44.11 on Monday. The company has a quick ratio of 1.12, a current ratio of 1.23 and a debt-to-equity ratio of 6.77. The business’s fifty day simple moving average is $40.78 and its two-hundred day simple moving average is $33.43. APA has a twelve month low of $15.55 and a twelve month high of $45.27. The firm has a market cap of $15.30 billion, a price-to-earnings ratio of 6.30, a PEG ratio of 0.15 and a beta of 4.13.

Hedge funds have recently bought and sold shares of the company. CVA Family Office LLC acquired a new stake in shares of APA in the 4th quarter valued at about $30,000. First Mercantile Trust Co. acquired a new position in APA during the 3rd quarter valued at about $31,000. Ahrens Investment Partners LLC acquired a new position in APA during the 4th quarter valued at about $35,000. Outfitter Financial LLC acquired a new position in APA during the 4th quarter valued at about $48,000. Finally, MUFG Securities EMEA plc acquired a new position in APA during the 3rd quarter valued at about $53,000. 84.08% of the stock is owned by hedge funds and other institutional investors.

In other news, insider P Anthony Lannie sold 40,800 shares of APA stock in a transaction dated Monday, March 7th. The shares were sold at an average price of $39.90, for a total value of $1,627,920.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Stephen J. Riney bought 6,300 shares of the business’s stock in a transaction dated Thursday, February 24th. The shares were bought at an average price of $31.47 per share, with a total value of $198,261.00. The disclosure for this purchase can be found here. 0.88% of the stock is owned by company insiders.

APA Company Profile (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.

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Earnings History and Estimates for APA (NASDAQ:APA)

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