Scotiabank Has Bearish Forecast for APA FY2025 Earnings

APA Co. (NASDAQ:APA) – Scotiabank decreased their FY2025 earnings estimates for APA in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst P. Cheng now anticipates that the company will earn $3.80 per share for the year, down from their previous forecast of $4.05. Scotiabank has a “Sector Perform” rating and a $27.00 price target on the stock. The consensus estimate for APA’s current full-year earnings is $4.01 per share. Scotiabank also issued estimates for APA’s FY2026 earnings at $3.05 EPS.

APA has been the subject of several other research reports. Truist Financial decreased their price target 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. Royal Bank of Canada cut their price objective on APA from $34.00 to $32.00 and set a “sector perform” rating on the stock in a report on Monday, November 11th. Evercore ISI decreased their price objective on APA from $39.00 to $33.00 and set an “in-line” rating for the company in a research report on Monday, September 30th. Citigroup dropped their target price on shares of APA from $29.00 to $24.00 and set a “neutral” rating on the stock in a report on Tuesday, November 26th. Finally, Barclays reduced their price target on shares of APA from $30.00 to $27.00 and set an “equal weight” rating for the company in a report on Friday, November 8th. Four equities research 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $30.55.

APA Price Performance

Shares of NASDAQ:APA opened at $23.68 on Thursday. The company has a 50 day moving average price of $22.44 and a two-hundred day moving average price of $25.73. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.24 and a current ratio of 1.24. The company has a market capitalization of $8.76 billion, a PE ratio of 3.34 and a beta of 3.16. APA has a 52 week low of $20.32 and a 52 week high of $36.04.

APA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Wednesday, January 22nd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $1.00 annualized dividend and a dividend yield of 4.22%. APA’s dividend payout ratio is presently 14.12%.

Insider Activity

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Citizens Financial Group Inc. RI increased its stake in shares of APA by 6.7% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 6,860 shares of the company’s stock valued at $202,000 after purchasing an additional 429 shares during the last quarter. Empirical Finance LLC grew its position in APA by 1.6% in the third quarter. Empirical Finance LLC now owns 31,272 shares of the company’s stock valued at $765,000 after acquiring an additional 497 shares during the last quarter. UMB Bank n.a. raised its stake in APA by 16.9% during the third quarter. UMB Bank n.a. now owns 3,556 shares of the company’s stock worth $87,000 after acquiring an additional 513 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of APA by 1.1% in the second quarter. NewEdge Advisors LLC now owns 46,603 shares of the company’s stock worth $1,372,000 after acquiring an additional 521 shares during the last quarter. Finally, Segment Wealth Management LLC boosted its stake in shares of APA by 1.0% in the 3rd quarter. Segment Wealth Management LLC now owns 54,367 shares of the company’s stock valued at $1,330,000 after purchasing an additional 535 shares in the last quarter. Institutional investors and hedge funds own 83.01% of the company’s stock.

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.