Q4 Earnings Estimate for APA Issued By Capital One Financial

APA Co. (NASDAQ:APA) – Capital One Financial boosted their Q4 2024 earnings estimates for shares of APA in a report released on Wednesday, November 13th. Capital One Financial analyst B. Velie now expects that the company will earn $1.10 per share for the quarter, up from their prior estimate of $0.80. The consensus estimate for APA’s current full-year earnings is $3.97 per share. Capital One Financial also issued estimates for APA’s Q1 2025 earnings at $0.31 EPS, Q2 2025 earnings at $0.29 EPS, Q3 2025 earnings at $0.30 EPS, Q4 2025 earnings at $0.31 EPS and FY2025 earnings at $1.20 EPS.

APA has been the subject of a number of other research reports. Bernstein Bank dropped their price objective on APA from $30.00 to $28.00 in a research note on Friday, October 18th. Truist Financial lowered their price target on APA from $36.00 to $33.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Susquehanna decreased their target price on shares of APA from $52.00 to $48.00 and set a “positive” rating on the stock in a research note on Friday, October 18th. The Goldman Sachs Group cut their target price on APA from $26.00 to $25.00 in a research report on Friday, October 18th. Finally, Citigroup decreased their price objective on APA from $32.00 to $29.00 in a report on Friday, October 18th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $32.81.

APA Stock Performance

APA stock opened at $22.46 on Monday. The company has a market capitalization of $8.31 billion, a PE ratio of 3.17 and a beta of 3.24. The firm has a fifty day simple moving average of $24.46 and a two-hundred day simple moving average of $27.60. 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 has a twelve month low of $21.15 and a twelve month high of $37.82.

APA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Tuesday, October 22nd will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, October 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.45%. APA’s dividend payout ratio is presently 14.12%.

Institutional Investors Weigh In On APA

A number of hedge funds have recently made changes to their positions in the stock. TD Private Client Wealth LLC boosted its stake in APA by 84.1% in the third quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company’s stock valued at $29,000 after acquiring an additional 540 shares in the last quarter. Covestor Ltd boosted its position in shares of APA by 75.4% in the 1st quarter. Covestor Ltd now owns 1,093 shares of the company’s stock worth $38,000 after purchasing an additional 470 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in APA by 386.7% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,358 shares of the company’s stock worth $40,000 after buying an additional 1,079 shares during the last quarter. Rothschild Investment LLC acquired a new position in APA during the 2nd quarter valued at about $42,000. Finally, Huntington National Bank raised its stake in APA by 48.8% in the third quarter. Huntington National Bank now owns 1,710 shares of the company’s stock valued at $42,000 after buying an additional 561 shares during the last quarter. 83.01% of the stock is currently owned by hedge funds and other institutional investors.

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.