Research Analysts Set Expectations for APA FY2025 Earnings

APA Co. (NASDAQ:APA) – Analysts at Scotiabank dropped their FY2025 earnings per share estimates for shares of APA in a research note issued to investors on Wednesday, March 19th. Scotiabank analyst P. Cheng now forecasts that the company will post earnings per share of $3.20 for the year, down from their prior estimate of $3.80. The consensus estimate for APA’s current full-year earnings is $4.03 per share.

A number of other analysts have also issued reports on APA. UBS Group decreased their price target on APA from $28.00 to $27.00 and set a “neutral” rating on the stock in a research note on Monday, December 9th. The Goldman Sachs Group decreased their price target on APA from $25.00 to $22.00 and set a “sell” rating on the stock in a research note on Friday, January 3rd. Raymond James lowered APA from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the company from $45.00 to $32.00 in a research note on Monday, March 10th. Mizuho reduced their price objective on APA from $25.00 to $24.00 and set an “underperform” rating on the stock in a research note on Monday, December 16th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $32.00 price objective on shares of APA in a research note on Thursday, January 23rd. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, APA presently has an average rating of “Hold” and an average price target of $28.60.

APA Stock Up 0.2 %

Shares of NASDAQ:APA opened at $20.61 on Monday. The stock’s 50-day moving average price is $21.97 and its two-hundred day moving average price is $23.04. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.03. APA has a 12-month low of $17.66 and a 12-month high of $36.05. The firm has a market cap of $7.50 billion, a price-to-earnings ratio of 2.91 and a beta of 3.26.

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

Hedge Funds Weigh In On APA

Several hedge funds and other institutional investors have recently bought and sold shares of APA. Brown Brothers Harriman & Co. increased its holdings in APA by 1,087.9% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,176 shares of the company’s stock worth $27,000 after purchasing an additional 1,077 shares during the last quarter. TD Private Client Wealth LLC increased its holdings in APA by 84.1% during 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 during the last quarter. Riverview Trust Co increased its holdings in APA by 5,718.2% during the 4th quarter. Riverview Trust Co now owns 1,280 shares of the company’s stock worth $30,000 after purchasing an additional 1,258 shares during the last quarter. Wilmington Savings Fund Society FSB increased its holdings in APA by 77.9% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company’s stock worth $31,000 after purchasing an additional 586 shares during the last quarter. Finally, Runnymede Capital Advisors Inc. purchased a new stake in APA during the 4th quarter worth approximately $35,000. 83.01% of the stock is owned by institutional investors and hedge funds.

APA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Tuesday, April 22nd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.85%. The ex-dividend date is Tuesday, April 22nd. APA’s dividend payout ratio (DPR) is presently 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.