FY2024 EPS Estimates for APA Raised by Capital One Financial

APA Co. (NASDAQ:APA) – Equities research analysts at Capital One Financial raised their FY2024 EPS estimates for APA in a research note issued on Wednesday, November 13th. Capital One Financial analyst B. Velie now anticipates 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.

A number of other research firms also recently issued reports on APA. Evercore ISI decreased their price target 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. JPMorgan Chase & Co. decreased their target price on shares of APA from $29.00 to $25.00 and set a “neutral” rating on the stock in a research report on Wednesday. Mizuho reduced their price objective on APA from $35.00 to $28.00 and set an “underperform” rating on the stock in a research note on Monday, September 16th. Scotiabank decreased their price objective on APA from $30.00 to $27.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th. Finally, The Goldman Sachs Group dropped their target price on APA from $26.00 to $25.00 in a report on Friday, October 18th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $32.95.

APA Stock Down 1.0 %

APA opened at $22.38 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $8.28 billion, a PE ratio of 3.16 and a beta of 3.24. APA has a 52 week low of $21.15 and a 52 week high of $37.82. The firm has a 50-day simple moving average of $24.51 and a two-hundred day simple moving average of $27.67.

APA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Tuesday, October 22nd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.47%. The ex-dividend date of this dividend is Tuesday, October 22nd. APA’s payout ratio is 14.12%.

Institutional Investors Weigh In On APA

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Sunpointe LLC grew its stake in shares of APA by 2.8% during the second quarter. Sunpointe LLC now owns 13,297 shares of the company’s stock worth $391,000 after acquiring an additional 362 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of APA by 12.0% in the second quarter. GAMMA Investing LLC now owns 3,558 shares of the company’s stock worth $105,000 after buying an additional 380 shares during the last quarter. Citizens Financial Group Inc. RI raised its holdings in shares of APA by 6.7% in the second quarter. Citizens Financial Group Inc. RI now owns 6,860 shares of the company’s stock worth $202,000 after buying an additional 429 shares during the last quarter. Covestor Ltd lifted its stake in shares of APA by 75.4% during the first quarter. Covestor Ltd now owns 1,093 shares of the company’s stock worth $38,000 after buying an additional 470 shares during the period. Finally, Signaturefd LLC grew its holdings in shares of APA by 7.1% during the second quarter. Signaturefd LLC now owns 7,108 shares of the company’s stock valued at $209,000 after buying an additional 472 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.