Zacks Research Forecasts APA’s FY2025 Earnings (NASDAQ:APA)

APA Co. (NASDAQ:APA) – Equities research analysts at Zacks Research raised their FY2025 EPS estimates for APA in a report issued on Wednesday, January 22nd. Zacks Research analyst N. Choudhury now expects that the company will earn $2.59 per share for the year, up from their prior forecast of $2.57. The consensus estimate for APA’s current full-year earnings is $4.08 per share.

Several other research analysts have also recently issued reports on APA. Wells Fargo & Company cut shares of APA from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $42.00 to $25.00 in a report on Tuesday, December 17th. Truist Financial reduced their target price on shares of APA from $36.00 to $33.00 and set a “buy” rating for the company in a report on Friday, November 8th. The Goldman Sachs Group reduced their target price on shares of APA from $25.00 to $22.00 and set a “sell” rating for the company in a report on Friday, January 3rd. JPMorgan Chase & Co. dropped their price target on shares of APA from $29.00 to $25.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 13th. Finally, Scotiabank dropped their price target on shares of APA from $30.00 to $27.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $30.65.

APA Trading Up 0.3 %

NASDAQ APA opened at $23.38 on Monday. The company has a fifty day simple moving average of $22.79 and a two-hundred day simple moving average of $25.26. The stock has a market cap of $8.65 billion, a P/E ratio of 3.30 and a beta of 3.16. APA has a 12-month low of $20.32 and a 12-month high of $36.04. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.03.

Hedge Funds Weigh In On APA

A number of institutional investors have recently bought and sold shares of APA. Envestnet Asset Management Inc. raised its stake in APA by 12.2% during the second quarter. Envestnet Asset Management Inc. now owns 193,069 shares of the company’s stock worth $5,684,000 after purchasing an additional 20,943 shares during the period. Sei Investments Co. raised its stake in shares of APA by 1.4% in the 2nd quarter. Sei Investments Co. now owns 85,203 shares of the company’s stock valued at $2,507,000 after acquiring an additional 1,140 shares during the period. Public Sector Pension Investment Board raised its stake in shares of APA by 2.8% in the 2nd quarter. Public Sector Pension Investment Board now owns 62,379 shares of the company’s stock valued at $1,836,000 after acquiring an additional 1,670 shares during the period. Bank of Montreal Can raised its stake in shares of APA by 22.0% in the 2nd quarter. Bank of Montreal Can now owns 341,077 shares of the company’s stock valued at $10,048,000 after acquiring an additional 61,407 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of APA by 59.2% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 70,950 shares of the company’s stock valued at $2,089,000 after acquiring an additional 26,397 shares during the period. 83.01% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Juliet S. Ellis bought 4,391 shares of APA stock in a transaction on Thursday, December 12th. The shares were bought at an average cost of $22.78 per share, with a total value of $100,026.98. Following the completion of the purchase, the director now directly owns 12,436 shares of the company’s stock, valued at approximately $283,292.08. This trade represents a 54.58 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.30% of the stock is currently owned by company insiders.

APA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Wednesday, January 22nd will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, January 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 4.28%. APA’s payout ratio is presently 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.