What is Zacks Research’s Forecast for APA FY2024 Earnings?

APA Co. (NASDAQ:APA) – Investment analysts at Zacks Research increased their FY2024 earnings per share (EPS) estimates for APA in a research note issued on Tuesday, November 19th. Zacks Research analyst N. Choudhury now expects that the company will post earnings of $3.76 per share for the year, up from their previous forecast of $3.41. The consensus estimate for APA’s current full-year earnings is $4.00 per share. Zacks Research also issued estimates for APA’s Q4 2024 earnings at $0.81 EPS, Q1 2025 earnings at $0.49 EPS, Q2 2025 earnings at $0.78 EPS, Q3 2025 earnings at $0.84 EPS, Q4 2025 earnings at $0.54 EPS, FY2025 earnings at $2.65 EPS, Q1 2026 earnings at $1.07 EPS, Q2 2026 earnings at $0.63 EPS and Q3 2026 earnings at $0.72 EPS.

APA has been the topic of a number of other reports. Evercore ISI dropped their price objective on shares of APA from $39.00 to $33.00 and set an “in-line” rating on the stock in a research note on Monday, September 30th. Susquehanna dropped their price target on APA from $52.00 to $48.00 and set a “positive” rating on the stock in a research report on Friday, October 18th. JPMorgan Chase & Co. decreased their price objective on APA from $29.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday, November 13th. Scotiabank lowered their target price on APA from $30.00 to $27.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. Finally, Truist Financial cut their price target on APA from $36.00 to $33.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $32.81.

APA Stock Up 1.5 %

APA stock opened at $22.77 on Friday. The stock has a 50-day simple moving average of $24.34 and a 200-day simple moving average of $27.40. The company has a market capitalization of $8.42 billion, a P/E ratio of 3.22 and a beta of 3.24. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.24 and a current ratio of 1.24. APA has a fifty-two week low of $21.15 and a fifty-two week high of $37.82.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Woodstock Corp boosted its position in shares of APA by 20.3% in the third quarter. Woodstock Corp now owns 308,253 shares of the company’s stock worth $7,540,000 after acquiring an additional 51,993 shares during the last quarter. Ellis Investment Partners LLC acquired a new position in shares of APA in the 2nd quarter valued at $2,499,000. AQR Capital Management LLC grew its stake in shares of APA by 112.6% during the 2nd quarter. AQR Capital Management LLC now owns 1,448,935 shares of the company’s stock valued at $42,092,000 after buying an additional 767,557 shares during the period. Victory Capital Management Inc. increased its holdings in shares of APA by 13.5% during the 3rd quarter. Victory Capital Management Inc. now owns 1,261,324 shares of the company’s stock worth $30,852,000 after buying an additional 149,762 shares during the last quarter. Finally, Hsbc Holdings PLC increased its holdings in shares of APA by 50.2% during the 2nd quarter. Hsbc Holdings PLC now owns 985,596 shares of the company’s stock worth $29,002,000 after buying an additional 329,462 shares during the last quarter. Hedge funds and other institutional investors own 83.01% of the company’s stock.

APA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Tuesday, October 22nd were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.39%. The ex-dividend date was Tuesday, October 22nd. APA’s payout ratio is 14.12%.

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.