FY2024 EPS Estimates for APA Raised by Capital One Financial

APA Co. (NASDAQ:APA) – Investment analysts at Capital One Financial raised their FY2024 earnings per share estimates for shares of APA in a research note issued to investors on Wednesday, November 13th. Capital One Financial analyst B. Velie now forecasts that the company will post earnings of $4.06 per share for the year, up from their previous forecast of $3.71. The consensus estimate for APA’s current full-year earnings is $3.96 per share. Capital One Financial also issued estimates for APA’s FY2026 earnings at $1.27 EPS.

Other equities research analysts also recently issued research reports about the company. Piper Sandler lowered their price objective on APA from $29.00 to $28.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. UBS Group lowered their price target on APA from $35.00 to $29.00 and set a “neutral” rating for the company in a research report on Wednesday, September 18th. Susquehanna cut their price objective on APA from $52.00 to $48.00 and set a “positive” rating on the stock in a report on Friday, October 18th. JPMorgan Chase & Co. dropped their target price on shares of APA from $29.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, Wells Fargo & Company decreased their price target on shares of APA from $49.00 to $47.00 and set an “overweight” rating for the company in a research report on Tuesday, October 1st. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $32.95.

APA Trading Down 1.0 %

APA stock opened at $22.38 on Friday. 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 stock has a market cap of $8.28 billion, a PE ratio of 3.16 and a beta of 3.24. The stock has a 50-day moving average price of $24.51 and a 200 day moving average price of $27.69. APA has a 52 week low of $21.15 and a 52 week high of $37.82.

Institutional Trading of APA

A number of institutional investors and hedge funds have recently modified their holdings of APA. Vanguard Group Inc. raised its stake in shares of APA by 4.7% in the 1st quarter. Vanguard Group Inc. now owns 44,648,084 shares of the company’s stock valued at $1,535,001,000 after buying an additional 2,004,555 shares in the last quarter. Woodstock Corp lifted its holdings in APA by 20.3% during the 3rd quarter. Woodstock Corp now owns 308,253 shares of the company’s stock worth $7,540,000 after buying an additional 51,993 shares in the last quarter. Ellis Investment Partners LLC bought a new stake in APA during the 2nd quarter worth about $2,499,000. AQR Capital Management LLC lifted its position in 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 purchasing an additional 767,557 shares during the period. Finally, Hsbc Holdings PLC boosted its stake in shares of APA by 50.2% in the 2nd quarter. Hsbc Holdings PLC now owns 985,596 shares of the company’s stock valued at $29,002,000 after purchasing an additional 329,462 shares during the last quarter. 83.01% of the stock is currently owned by institutional investors and hedge funds.

APA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Tuesday, October 22nd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $1.00 annualized dividend and a yield of 4.47%. APA’s dividend payout ratio (DPR) is currently 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.