Zacks Research Has Optimistic Outlook of APA FY2025 Earnings

APA Co. (NASDAQ:APA) – Stock analysts at Zacks Research raised their FY2025 earnings per share estimates for shares of APA in a research report 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 prior estimate of $2.57. The consensus estimate for APA’s current full-year earnings is $4.08 per share.

APA has been the subject of a number of other reports. JPMorgan Chase & Co. decreased their price target on shares of APA from $29.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, November 13th. Piper Sandler lowered their price objective on APA from $26.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 17th. Truist Financial decreased their price target on shares of APA from $36.00 to $33.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Bernstein Bank reduced their price objective on shares of APA from $30.00 to $28.00 in a report on Friday, October 18th. Finally, Evercore ISI lowered their target price on shares of APA from $39.00 to $33.00 and set an “in-line” rating on the stock in a research note on Monday, September 30th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $30.65.

APA Trading Down 0.8 %

APA stock opened at $23.32 on Monday. The stock has a market cap of $8.63 billion, a P/E ratio of 3.29 and a beta of 3.16. The company’s fifty day simple moving average is $22.77 and its 200-day simple moving average is $25.30. APA has a 12 month low of $20.32 and a 12 month high of $36.04. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.03.

APA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Wednesday, January 22nd will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date is Wednesday, January 22nd. APA’s dividend payout ratio is presently 14.12%.

Insider Activity

In other APA news, Director Juliet S. Ellis bought 4,391 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were bought at an average price of $22.78 per share, for a total transaction of $100,026.98. Following the acquisition, the director now directly owns 12,436 shares of the company’s stock, valued at approximately $283,292.08. The trade was a 54.58 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of APA. TD Private Client Wealth LLC grew its position in APA by 84.1% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company’s stock worth $29,000 after purchasing an additional 540 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of APA by 93.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,614 shares of the company’s stock worth $37,000 after purchasing an additional 780 shares during the period. Huntington National Bank increased its position in APA by 48.8% in the third quarter. Huntington National Bank now owns 1,710 shares of the company’s stock worth $42,000 after buying an additional 561 shares during the last quarter. Eastern Bank raised its stake in shares of APA by 355.0% in the fourth quarter. Eastern Bank now owns 2,275 shares of the company’s stock valued at $53,000 after buying an additional 1,775 shares during the period. Finally, Blue Trust Inc. lifted its position in shares of APA by 164.2% during the 3rd quarter. Blue Trust Inc. now owns 2,581 shares of the company’s stock valued at $63,000 after buying an additional 1,604 shares during the last quarter. Hedge funds and other 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.