Scotiabank Has Negative Outlook for APA FY2025 Earnings

APA Co. (NASDAQ:APA) – Research analysts at Scotiabank dropped their FY2025 earnings per share estimates for APA in a report issued on Wednesday, March 19th. Scotiabank analyst P. Cheng now anticipates that the company will post earnings per share of $3.20 for the year, down from their prior estimate of $3.80. The consensus estimate for APA’s current full-year earnings is $4.03 per share.

Several other research firms have also recently weighed in on APA. Royal Bank of Canada reissued a “sector perform” rating and set a $32.00 price target on shares of APA in a report on Thursday, January 23rd. Piper Sandler dropped their target price on APA from $26.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, December 17th. UBS Group decreased their price target on shares of APA from $28.00 to $27.00 and set a “neutral” rating on the stock in a research note on Monday, December 9th. Raymond James cut shares of APA from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the stock from $45.00 to $32.00 in a research note on Monday, March 10th. Finally, JPMorgan Chase & Co. cut their price objective on shares of APA from $23.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $28.60.

APA Trading Up 1.1 %

Shares of NASDAQ:APA opened at $20.84 on Monday. APA has a 12-month low of $17.66 and a 12-month high of $36.05. The business has a 50 day moving average of $21.90 and a 200-day moving average of $23.00. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.03. The stock has a market cap of $7.59 billion, a PE ratio of 2.94 and a beta of 3.26.

APA (NASDAQ:APA) last announced its earnings results on Wednesday, February 26th. The company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.18). The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.31 billion. APA had a return on equity of 27.86% and a net margin of 24.36%.

APA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Tuesday, April 22nd will be issued a $0.25 dividend. The ex-dividend date is Tuesday, April 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.80%. APA’s dividend payout ratio (DPR) is currently 44.25%.

Institutional Investors Weigh In On APA

Several hedge funds and other institutional investors have recently made changes to their positions in APA. Brown Brothers Harriman & Co. boosted its position in APA by 1,087.9% in the fourth quarter. Brown Brothers Harriman & Co. now owns 1,176 shares of the company’s stock valued at $27,000 after buying an additional 1,077 shares in the last quarter. TD Private Client Wealth LLC lifted its stake in shares of APA by 84.1% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company’s stock valued at $29,000 after acquiring an additional 540 shares during the last quarter. Riverview Trust Co boosted its holdings in shares of APA by 5,718.2% during the 4th quarter. Riverview Trust Co now owns 1,280 shares of the company’s stock valued at $30,000 after acquiring an additional 1,258 shares in the last quarter. Wilmington Savings Fund Society FSB grew its position in APA by 77.9% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company’s stock worth $31,000 after acquiring an additional 586 shares during the last quarter. Finally, Runnymede Capital Advisors Inc. acquired a new position in APA in the 4th quarter worth about $35,000. 83.01% of the stock is owned by institutional investors.

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.