Zacks Research Has Positive Outlook for APA FY2025 Earnings

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

A number of other equities research analysts have also recently issued reports on the stock. Scotiabank dropped their target price on shares of APA from $30.00 to $27.00 and set a “sector perform” rating on the stock in a report on Thursday, October 10th. Bernstein Bank dropped their price objective on APA from $30.00 to $28.00 in a research note on Friday, October 18th. Mizuho cut their price objective on APA from $25.00 to $24.00 and set an “underperform” rating for the company in a research report on Monday, December 16th. Wells Fargo & Company lowered APA from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $42.00 to $25.00 in a report on Tuesday, December 17th. Finally, Piper Sandler cut their price target on APA from $26.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, December 17th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $30.65.

APA Stock Performance

NASDAQ APA opened at $23.34 on Monday. The firm has a market capitalization of $8.63 billion, a P/E ratio of 3.30 and a beta of 3.16. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.03. The firm’s fifty day moving average price is $22.81 and its two-hundred day moving average price is $25.21. APA has a 1 year low of $20.32 and a 1 year high of $36.04.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Entropy Technologies LP bought a new position in APA in the fourth quarter valued at about $759,000. Wilmington Savings Fund Society FSB grew its holdings in shares of APA by 77.9% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company’s stock valued at $31,000 after purchasing an additional 586 shares during the last quarter. Kingsview Wealth Management LLC grew its holdings in shares of APA by 10.7% during the 4th quarter. Kingsview Wealth Management LLC now owns 11,366 shares of the company’s stock valued at $262,000 after purchasing an additional 1,101 shares during the last quarter. Tobam increased its position in APA by 354.7% during the 4th quarter. Tobam now owns 15,124 shares of the company’s stock worth $349,000 after purchasing an additional 11,798 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in APA by 3.5% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 35,854 shares of the company’s stock valued at $828,000 after purchasing an additional 1,210 shares during the last quarter. 83.01% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Juliet S. Ellis bought 4,391 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was bought at an average cost of $22.78 per share, for a total transaction of $100,026.98. Following the transaction, the director now owns 12,436 shares of the company’s stock, valued at $283,292.08. This represents a 54.58 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

APA Dividend Announcement

The business 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. This represents a $1.00 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date of this dividend is Wednesday, January 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.