Scotiabank Has Positive Outlook of APA FY2026 Earnings

APA Co. (NASDAQ:APA) – Equities research analysts at Scotiabank upped their FY2026 earnings estimates for APA in a report released on Wednesday, March 19th. Scotiabank analyst P. Cheng now expects that the company will post earnings per share of $3.35 for the year, up from their previous estimate of $3.05. The consensus estimate for APA’s current full-year earnings is $4.03 per share.

APA has been the topic of several other research reports. Susquehanna cut their price target on shares of APA from $33.00 to $31.00 and set a “positive” rating on the stock in a report on Monday, March 3rd. The Goldman Sachs Group cut their price target on shares of APA from $25.00 to $22.00 and set a “sell” rating on the stock in a report on Friday, January 3rd. Piper Sandler dropped their price objective on shares of APA from $26.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 17th. Citigroup dropped their price objective on shares of APA from $24.00 to $20.00 and set a “neutral” rating on the stock in a research note on Monday, March 17th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of APA from $23.00 to $20.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $28.60.

APA Trading Up 0.2 %

NASDAQ APA opened at $20.61 on Friday. APA has a one year low of $17.66 and a one year high of $36.05. The company’s 50 day moving average price is $21.97 and its 200 day moving average price is $23.06. 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 firm has a market capitalization of $7.50 billion, a price-to-earnings ratio of 2.91 and a beta of 3.26.

APA (NASDAQ:APA) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.18). APA had a net margin of 24.36% and a return on equity of 27.86%. The business had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.31 billion.

Institutional Trading of APA

A number of hedge funds have recently made changes to their positions in the stock. Brown Brothers Harriman & Co. increased its stake in APA by 1,087.9% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,176 shares of the company’s stock valued at $27,000 after purchasing an additional 1,077 shares during the last quarter. TD Private Client Wealth LLC increased its stake in APA by 84.1% during the third quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company’s stock valued at $29,000 after purchasing an additional 540 shares during the last quarter. Riverview Trust Co increased its stake in APA by 5,718.2% during the fourth quarter. Riverview Trust Co now owns 1,280 shares of the company’s stock valued at $30,000 after purchasing an additional 1,258 shares during the last quarter. Wilmington Savings Fund Society FSB increased its stake in APA by 77.9% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company’s stock valued at $31,000 after purchasing an additional 586 shares during the last quarter. Finally, Runnymede Capital Advisors Inc. bought a new stake in APA during the fourth quarter valued at $35,000. Institutional investors and hedge funds own 83.01% of the company’s stock.

APA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Tuesday, April 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 4.85%. The ex-dividend date of this dividend is Tuesday, April 22nd. APA’s payout ratio is currently 44.25%.

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.