Zacks Research Has Positive Estimate for APA FY2028 Earnings

APA Corporation (NASDAQ:APA) – Equities researchers at Zacks Research lifted their FY2028 earnings estimates for APA in a research note issued to investors on Monday, March 30th. Zacks Research analyst Team now anticipates that the company will earn $2.69 per share for the year, up from their previous forecast of $2.64. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for APA’s current full-year earnings is $4.03 per share.

APA (NASDAQ:APA) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.29. The firm had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.89 billion. APA had a net margin of 15.55% and a return on equity of 19.89%. APA’s revenue was down 26.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.79 EPS.

Several other equities analysts have also recently issued reports on APA. Wolfe Research raised their price target on APA from $39.00 to $45.00 in a report on Monday, March 9th. JPMorgan Chase & Co. boosted their price objective on APA from $29.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, March 20th. Piper Sandler upped their target price on shares of APA from $30.00 to $37.00 and gave the company a “neutral” rating in a research report on Thursday, March 12th. Jefferies Financial Group raised their target price on shares of APA from $22.00 to $26.00 in a research note on Monday, March 9th. Finally, UBS Group lifted their price target on shares of APA from $30.00 to $34.00 and gave the stock a “neutral” rating in a research report on Monday, March 2nd. Seven analysts have rated the stock with a Buy rating, twenty have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $35.38.

APA Stock Down 3.0%

NASDAQ APA opened at $42.44 on Tuesday. The stock has a market capitalization of $14.99 billion, a P/E ratio of 10.64 and a beta of 0.67. APA has a 52 week low of $13.58 and a 52 week high of $45.66. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a fifty day moving average of $31.40 and a 200-day moving average of $26.82.

APA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Wednesday, April 22nd will be issued a dividend of $0.25 per share. The ex-dividend date is Wednesday, April 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 2.4%. APA’s dividend payout ratio (DPR) is 25.06%.

Insider Transactions at APA

In other news, Director Matthew Regis Bob sold 23,000 shares of the business’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $36.23, for a total transaction of $833,290.00. Following the completion of the transaction, the director directly owned 6,634 shares in the company, valued at approximately $240,349.82. The trade was a 77.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.30% of the company’s stock.

Institutional Trading of APA

A number of hedge funds have recently modified their holdings of the company. Rockefeller Capital Management L.P. grew its stake in APA by 0.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 106,667 shares of the company’s stock valued at $2,609,000 after buying an additional 375 shares in the last quarter. Coldstream Capital Management Inc. grew its position in APA by 1.4% during the fourth quarter. Coldstream Capital Management Inc. now owns 28,171 shares of the company’s stock worth $689,000 after buying an additional 396 shares in the last quarter. Patriot Financial Group Insurance Agency LLC increased its holdings in shares of APA by 3.2% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 14,648 shares of the company’s stock worth $358,000 after buying an additional 461 shares during the last quarter. Howard Capital Management Inc. raised its position in APA by 0.5% during the third quarter. Howard Capital Management Inc. now owns 94,848 shares of the company’s stock valued at $2,303,000 after purchasing an additional 485 shares in the last quarter. Finally, one8zero8 LLC boosted its stake in APA by 1.2% in the third quarter. one8zero8 LLC now owns 42,254 shares of the company’s stock worth $1,026,000 after buying an additional 488 shares in the last quarter. 83.01% of the stock is currently owned by institutional investors and hedge funds.

Key APA News

Here are the key news stories impacting APA this week:

• Positive Sentiment: Stephens raised its price target to $45 (from $24) and kept an “equal weight” rating — a meaningful upward revision that signals improved analyst conviction on valuation. Stephens adjusts price target on APA
• Positive Sentiment: Citigroup also lifted its price target to $45 (from $25) while keeping a “neutral” rating — another upward target re-rate that supports upside consensus near the mid-$40s. Citigroup raises APA price target
• Positive Sentiment: Zacks Research nudged its FY2028 EPS estimate slightly higher to $2.69 (from $2.64), a small fundamental upgrade to forward earnings assumptions (Zacks maintains a “Hold”).
• Neutral Sentiment: Multiple bullish independent write-ups and summaries (Yahoo, MSN, InsiderMonkey) are circulating analyses arguing for APA’s investment case — these can attract longer-term investors but may not move price immediately. Is APA a good stock to buy?
• Neutral Sentiment: News that APA Solar is expanding a manufacturing campus in Northwest Ohio is positive for that business line but appears peripheral to APA Corporation’s core oil & gas operations; impact on APA Corp. is uncertain. APA Solar expands manufacturing campus
• Negative Sentiment: Zacks published that “APA stock sinks as market gains” — the headline and coverage indicate the stock declined today despite analyst target upgrades, suggesting profit-taking, short-term rotation, or sector-level forces outweighed positive fundamental/target revisions. APA Stock Sinks As Market Gains

APA Company Profile

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.