Zacks Research Has Bullish Estimate for APA Q3 Earnings

APA Corporation (NASDAQ:APA) – Equities researchers at Zacks Research increased their Q3 2026 EPS estimates for APA in a research report issued to clients and investors on Monday, December 15th. Zacks Research analyst Team now anticipates that the company will post earnings per share of $0.54 for the quarter, up from their prior estimate of $0.51. The consensus estimate for APA’s current full-year earnings is $4.03 per share.

Several other equities analysts have also recently commented on APA. Raymond James Financial restated an “outperform” rating and set a $31.00 target price on shares of APA in a research report on Monday, November 24th. Sanford C. Bernstein lifted their price target on APA from $22.00 to $26.00 and gave the company a “market perform” rating in a research report on Friday, November 21st. UBS Group upped their price objective on shares of APA from $26.00 to $30.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Johnson Rice raised shares of APA from a “hold” rating to an “accumulate” rating and raised their target price for the company from $35.00 to $40.00 in a research note on Thursday, December 4th. Finally, The Goldman Sachs Group boosted their price target on shares of APA from $19.00 to $21.00 and gave the stock a “sell” rating in a research note on Thursday, November 20th. Six research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $26.73.

APA Stock Down 3.3%

APA opened at $23.81 on Thursday. The firm has a market capitalization of $8.44 billion, a P/E ratio of 5.72, a price-to-earnings-growth ratio of 6.64 and a beta of 0.75. APA has a one year low of $13.58 and a one year high of $27.72. The company has a fifty day moving average price of $24.12 and a 200-day moving average price of $22.03. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.78 and a quick ratio of 0.78.

APA (NASDAQ:APA) last posted its earnings results on Wednesday, November 5th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.19. APA had a net margin of 15.49% and a return on equity of 19.86%. The business had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same period in the prior year, the company posted $1.00 EPS. The business’s revenue for the quarter was down 16.4% compared to the same quarter last year.

APA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 23rd. Shareholders of record on Thursday, January 22nd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, January 22nd. This represents a $1.00 annualized dividend and a yield of 4.2%. APA’s dividend payout ratio is currently 24.04%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in APA. Prudential Financial Inc. increased its holdings in shares of APA by 38.8% during the second quarter. Prudential Financial Inc. now owns 284,275 shares of the company’s stock valued at $5,199,000 after acquiring an additional 79,451 shares in the last quarter. Pacific Heights Asset Management LLC grew its position in APA by 33.3% during the 2nd quarter. Pacific Heights Asset Management LLC now owns 400,000 shares of the company’s stock valued at $7,316,000 after purchasing an additional 100,000 shares during the last quarter. Fifth Third Bancorp grew its position in APA by 98.7% during the 2nd quarter. Fifth Third Bancorp now owns 51,924 shares of the company’s stock valued at $950,000 after purchasing an additional 25,787 shares during the last quarter. Lynx Investment Advisory bought a new stake in APA during the 1st quarter valued at about $415,000. Finally, Schroder Investment Management Group raised its holdings in APA by 22.0% in the second quarter. Schroder Investment Management Group now owns 914,667 shares of the company’s stock worth $16,729,000 after buying an additional 165,006 shares during the last quarter. 83.01% of the stock is owned by hedge funds and other institutional investors.

About APA

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.