Q4 2024 EPS Estimates for APA Co. (NASDAQ:APA) Reduced by Analyst

APA Co. (NASDAQ:APA) – Investment analysts at Zacks Research reduced their Q4 2024 earnings estimates for APA in a research report issued to clients and investors on Wednesday, August 14th. Zacks Research analyst N. Choudhury now expects that the company will earn $1.23 per share for the quarter, down from their prior estimate of $1.26. The consensus estimate for APA’s current full-year earnings is $4.17 per share. Zacks Research also issued estimates for APA’s FY2025 earnings at $4.77 EPS, Q1 2026 earnings at $1.15 EPS, Q2 2026 earnings at $1.15 EPS and FY2026 earnings at $4.25 EPS.

A number of other analysts have also recently weighed in on the stock. Truist Financial increased their price objective on shares of APA from $45.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. UBS Group dropped their price objective on shares of APA from $38.00 to $35.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. Sanford C. Bernstein dropped their price objective on shares of APA from $37.00 to $30.00 and set a “market perform” rating on the stock in a report on Wednesday, July 17th. Susquehanna increased their price objective on shares of APA from $54.00 to $57.00 and gave the stock a “positive” rating in a report on Tuesday, May 7th. Finally, Citigroup dropped their price objective on shares of APA from $35.00 to $33.00 and set a “neutral” rating on the stock in a report on Friday, May 24th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $38.27.

APA Stock Performance

Shares of NASDAQ:APA traded down $0.23 on Friday, reaching $29.25. 364,636 shares of the company’s stock were exchanged, compared to its average volume of 6,253,573. The company has a quick ratio of 1.16, a current ratio of 1.01 and a debt-to-equity ratio of 1.04. APA has a fifty-two week low of $26.81 and a fifty-two week high of $46.15. The business’s 50-day moving average is $29.48 and its two-hundred day moving average is $30.80. The firm has a market capitalization of $10.86 billion, a price-to-earnings ratio of 3.27 and a beta of 3.26.

APA (NASDAQ:APA) last issued its earnings results on Wednesday, July 31st. The company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.22. The company had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.28 billion. APA had a net margin of 32.66% and a return on equity of 35.95%. The firm’s revenue was up 41.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.85 earnings per share.

APA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 22nd. Stockholders of record on Monday, July 22nd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, July 22nd. This represents a $1.00 annualized dividend and a dividend yield of 3.42%. APA’s dividend payout ratio (DPR) is 11.19%.

Hedge Funds Weigh In On APA

Several large investors have recently made changes to their positions in APA. Dimensional Fund Advisors LP boosted its position in shares of APA by 131.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,813,655 shares of the company’s stock valued at $141,704,000 after purchasing an additional 2,736,041 shares in the last quarter. Harris Associates L P boosted its holdings in shares of APA by 17.8% in the fourth quarter. Harris Associates L P now owns 15,705,693 shares of the company’s stock worth $563,520,000 after buying an additional 2,367,570 shares during the period. Vanguard Group Inc. boosted its holdings in shares of APA by 4.7% in the first quarter. Vanguard Group Inc. now owns 44,648,084 shares of the company’s stock worth $1,535,001,000 after buying an additional 2,004,555 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of APA by 10.6% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 20,299,538 shares of the company’s stock worth $728,347,000 after buying an additional 1,938,335 shares during the period. Finally, Webs Creek Capital Management LP acquired a new position in shares of APA in the first quarter worth about $28,593,000. Institutional investors own 83.01% of the company’s stock.

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.