Zacks Research Issues Pessimistic Forecast for APA Earnings

APA Co. (NASDAQ:APA) – Investment analysts at Zacks Research decreased their FY2027 earnings per share estimates for APA in a research report issued on Wednesday, May 21st. Zacks Research analyst N. Choudhury now expects that the company will post earnings per share of $2.00 for the year, down from their prior estimate of $2.19. The consensus estimate for APA’s current full-year earnings is $4.03 per share.

APA (NASDAQ:APA) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.23. The company had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.17 billion. APA had a return on equity of 27.86% and a net margin of 24.36%. The company’s quarterly revenue was up 35.1% compared to the same quarter last year. During the same period last year, the company earned $0.78 earnings per share.

A number of other research firms have also commented on APA. Barclays lowered their price objective on shares of APA from $25.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 23rd. Argus raised APA to a “hold” rating in a report on Friday, May 16th. JPMorgan Chase & Co. lowered their target price on APA from $23.00 to $20.00 and set a “neutral” rating on the stock in a report on Thursday, March 13th. Royal Bank of Canada lowered their target price on APA from $27.00 to $24.00 and set a “sector perform” rating on the stock in a report on Friday, April 11th. Finally, The Goldman Sachs Group reaffirmed a “sell” rating and set a $23.00 target price on shares of APA in a report on Wednesday, March 19th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $25.53.

APA Price Performance

NASDAQ APA opened at $16.74 on Thursday. APA has a 12 month low of $13.58 and a 12 month high of $33.41. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a market capitalization of $6.05 billion, a PE ratio of 2.36 and a beta of 1.18. The company’s 50 day simple moving average is $17.30 and its 200 day simple moving average is $20.55.

APA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Tuesday, July 22nd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, July 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 5.97%. APA’s dividend payout ratio is currently 35.97%.

Hedge Funds Weigh In On APA

A number of institutional investors have recently bought and sold shares of APA. Brown Brothers Harriman & Co. grew its position in APA by 1,087.9% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,176 shares of the company’s stock worth $27,000 after purchasing an additional 1,077 shares in the last quarter. Riverview Trust Co grew its position in APA by 5,718.2% during the 4th quarter. Riverview Trust Co now owns 1,280 shares of the company’s stock worth $30,000 after purchasing an additional 1,258 shares in the last quarter. Golden State Wealth Management LLC grew its position in APA by 2,709.8% during the 1st quarter. Golden State Wealth Management LLC now owns 1,433 shares of the company’s stock worth $30,000 after purchasing an additional 1,382 shares in the last quarter. Wilmington Savings Fund Society FSB grew its position in APA by 77.9% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company’s stock worth $31,000 after purchasing an additional 586 shares in the last quarter. Finally, Rakuten Securities Inc. grew its position in APA by 499.2% during the 1st quarter. Rakuten Securities Inc. now owns 1,546 shares of the company’s stock worth $32,000 after purchasing an additional 1,288 shares in the last quarter. Hedge funds and other institutional investors own 83.01% of the company’s stock.

APA Company Profile

APA Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids. It has oil and gas operations in the United States, Egypt, and North Sea. The company also has exploration and appraisal activities in Suriname, as well as holds interests in projects located in Uruguay and internationally.