APA (NASDAQ:APA) Price Target Raised to $29.00

APA (NASDAQ:APA) had its target price increased by Royal Bank Of Canada from $26.00 to $29.00 in a report released on Thursday, Marketbeat reports. Royal Bank Of Canada currently has a sector perform rating on the stock.

Several other research analysts have also weighed in on the stock. Benchmark reissued a “buy” rating on shares of APA in a report on Monday, February 2nd. Piper Sandler upped their target price on shares of APA from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Tuesday, November 18th. Roth Mkm increased their price target on shares of APA from $23.00 to $27.00 and gave the stock a “neutral” rating in a research report on Thursday, February 26th. TD Cowen raised APA to a “hold” rating in a report on Monday, February 9th. Finally, BMO Capital Markets upped their price objective on APA from $30.00 to $35.00 and gave the company a “market perform” rating in a research note on Tuesday, March 3rd. Seven research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $28.92.

APA Stock Performance

Shares of APA opened at $32.68 on Thursday. The business’s 50 day moving average is $27.04 and its two-hundred day moving average is $24.96. APA has a 52-week low of $13.58 and a 52-week high of $33.42. The firm has a market cap of $11.54 billion, a price-to-earnings ratio of 8.19, a PEG ratio of 15.88 and a beta of 0.67. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.61.

APA (NASDAQ:APA) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.29. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.89 billion. APA had a net margin of 15.55% and a return on equity of 19.89%. The business’s quarterly revenue was down 26.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.79 earnings per share. Analysts forecast that APA will post 4.03 EPS for the current fiscal year.

APA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Wednesday, April 22nd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Wednesday, April 22nd. APA’s dividend payout ratio is currently 25.06%.

Hedge Funds Weigh In On APA

A number of hedge funds and other institutional investors have recently bought and sold shares of APA. Allspring Global Investments Holdings LLC lifted its stake in APA by 869.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 194,418 shares of the company’s stock valued at $4,872,000 after buying an additional 174,369 shares during the last quarter. Prudential Financial Inc. grew its position in shares of APA by 38.8% during the second quarter. Prudential Financial Inc. now owns 284,275 shares of the company’s stock worth $5,199,000 after acquiring an additional 79,451 shares during the last quarter. United Capital Management of KS Inc. bought a new position in shares of APA during the third quarter worth about $1,214,000. Jackson Creek Investment Advisors LLC acquired a new stake in shares of APA in the 3rd quarter worth about $2,337,000. Finally, AE Wealth Management LLC lifted its position in APA by 2,049.4% in the 3rd quarter. AE Wealth Management LLC now owns 403,511 shares of the company’s stock valued at $9,797,000 after purchasing an additional 384,738 shares during the last quarter. 83.01% of the stock is currently owned by institutional investors and hedge funds.

APA News Roundup

Here are the key news stories impacting APA this week:

• Positive Sentiment: APA announced a dual listing on Nasdaq Texas, which could increase local liquidity and visibility with Texas‑based investors and reinforce the company’s Permian Basin ties. APA Corporation Announces Dual Listing on Nasdaq Texas
• Positive Sentiment: Multiple bullish analyst notes and price‑target increases have surfaced this week (Benchmark raised its target to $40 with a Buy; Susquehanna and BMO published positive commentary and a separate report raised the target to $34), supporting upward momentum and investor confidence. APA Price Target Raised to $34
• Positive Sentiment: Market commentary highlighted APA as a value upstream pick amid oil volatility, noting low valuation multiples, improved cost structure and cash flow — a narrative that attracts income/value‑oriented energy investors. Why One Energy Expert Is Betting on These 3 Oil Stocks Now
• Neutral Sentiment: RBC and Piper Sandler raised price targets (to $29 and $30) but kept sector‑perform/neutral ratings — a mixed signal that trims downside risk but doesn’t add a strong buy case. RBC/Piper Sandler PT adjustments
• Neutral Sentiment: Short‑interest reports flagged a “large increase” but the underlying data shows 0 shares / NaN changes — likely a data error and currently not meaningful for price pressure or squeeze dynamics.
• Neutral Sentiment: Legislative chatter (H.R.7554) aiming to limit greenhouse‑gas regulation could, if enacted, ease regulatory risk for fossil‑fuel producers — a policy tailwind but highly uncertain and not a near‑term catalyst. H.R. 7554 CARBON Act
• Negative Sentiment: Scotiabank trimmed its FY2027 EPS estimate (from $1.65 to $1.50), signaling some analyst caution on near‑term earnings power; that could cap upside if others follow with cuts. Scotiabank cuts FY2027 estimate (MarketBeat)

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.