Scotiabank Forecasts APA’s FY2025 Earnings (NASDAQ:APA)

APA Co. (NASDAQ:APA) – Scotiabank lowered their FY2025 earnings estimates for shares of APA in a report issued 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 prior forecast of $4.05. Scotiabank has a “Sector Perform” rating and a $27.00 price objective 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.

Several other research analysts also recently issued reports on the company. UBS Group reduced their price objective on APA from $28.00 to $27.00 and set a “neutral” rating on the stock in a report on Monday, December 9th. Royal Bank of Canada cut their price target on APA from $34.00 to $32.00 and set a “sector perform” rating on the stock in a research note on Monday, November 11th. Barclays lowered their price objective on APA from $30.00 to $27.00 and set an “equal weight” rating for the company in a research report on Friday, November 8th. Bernstein Bank cut their target price on shares of APA from $30.00 to $28.00 in a research report on Friday, October 18th. Finally, The Goldman Sachs Group lowered their price target on shares of APA from $25.00 to $22.00 and set a “sell” rating for the company in a research report on Friday, January 3rd. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, APA has a consensus rating of “Hold” and a consensus price target of $30.55.

APA Price Performance

Shares of APA stock opened at $23.68 on Thursday. 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 firm has a market capitalization of $8.76 billion, a price-to-earnings ratio of 3.34 and a beta of 3.16. The firm’s 50 day moving average is $22.44 and its 200-day moving average is $25.73. APA has a 1 year low of $20.32 and a 1 year high of $36.04.

Hedge Funds Weigh In On APA

A number of institutional investors have recently added to or reduced their stakes in APA. Commonwealth Equity Services LLC grew its stake in APA by 25.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 73,616 shares of the company’s stock valued at $2,167,000 after buying an additional 15,119 shares during the last quarter. TD Asset Management Inc increased its stake in shares of APA by 3.5% during the second quarter. TD Asset Management Inc now owns 251,940 shares of the company’s stock worth $7,417,000 after purchasing an additional 8,631 shares during the period. National Bank of Canada FI lifted its holdings in APA by 28.6% during the 2nd quarter. National Bank of Canada FI now owns 135,174 shares of the company’s stock worth $4,005,000 after purchasing an additional 30,077 shares during the last quarter. Victory Capital Management Inc. boosted its stake in APA by 17.2% in the 2nd quarter. Victory Capital Management Inc. now owns 1,111,562 shares of the company’s stock valued at $32,724,000 after purchasing an additional 163,409 shares during the period. Finally, Acadian Asset Management LLC acquired a new position in APA in the 2nd quarter valued at $767,000. 83.01% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Juliet S. Ellis purchased 4,391 shares of APA stock in a transaction on Thursday, December 12th. The stock was purchased at an average price of $22.78 per share, with a total value of $100,026.98. Following the transaction, the director now directly owns 12,436 shares in the company, valued at $283,292.08. The trade was a 54.58 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 1.30% of the company’s stock.

APA Dividend Announcement

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