APA FY2024 EPS Estimate Boosted by Capital One Financial

APA Co. (NASDAQ:APA) – Stock analysts at Capital One Financial lifted their FY2024 earnings per share estimates for APA in a research note issued to investors on Wednesday, November 13th. Capital One Financial analyst B. Velie now expects that the company will earn $4.06 per share for the year, up from their prior forecast of $3.71. The consensus estimate for APA’s current full-year earnings is $3.96 per share. Capital One Financial also issued estimates for APA’s FY2026 earnings at $1.27 EPS.

APA has been the topic of several other reports. Truist Financial lowered their target price on shares of APA from $36.00 to $33.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Evercore ISI dropped their target price on shares of APA from $39.00 to $33.00 and set an “in-line” rating for the company in a report on Monday, September 30th. Susquehanna dropped their price target on APA from $52.00 to $48.00 and set a “positive” rating for the company in a research report on Friday, October 18th. Citigroup reduced their price objective on APA from $32.00 to $29.00 in a research report on Friday, October 18th. Finally, Piper Sandler decreased their target price on shares of APA from $29.00 to $28.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $32.95.

APA Trading Down 1.0 %

Shares of NASDAQ:APA opened at $22.38 on Friday. The business has a 50 day moving average of $24.51 and a two-hundred day moving average of $27.67. APA has a 12-month low of $21.15 and a 12-month high of $37.82. The company has a market capitalization of $8.28 billion, a PE ratio of 3.16 and a beta of 3.24. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.03.

Institutional Investors Weigh In On APA

Several large investors have recently bought and sold shares of APA. Geode Capital Management LLC raised its stake in APA by 2.5% in the third quarter. Geode Capital Management LLC now owns 9,307,186 shares of the company’s stock valued at $226,928,000 after buying an additional 224,547 shares in the last quarter. M&T Bank Corp grew its stake in shares of APA by 187.5% in the 3rd quarter. M&T Bank Corp now owns 56,281 shares of the company’s stock valued at $1,377,000 after purchasing an additional 36,707 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in shares of APA by 1.8% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 188,891 shares of the company’s stock worth $4,620,000 after acquiring an additional 3,324 shares during the period. MML Investors Services LLC purchased a new stake in APA in the 3rd quarter valued at approximately $214,000. Finally, Legacy Investment Solutions LLC acquired a new position in shares of APA during the 3rd quarter worth $116,000. Hedge funds and other institutional investors own 83.01% of the company’s stock.

APA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Tuesday, October 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 4.47%. The ex-dividend date of this dividend is Tuesday, October 22nd. APA’s dividend payout ratio is currently 14.12%.

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.