Zacks Research Comments on APA's Q4 Earnings (NASDAQ:APA)

Key Points

• Zacks Research raised APA’s Q4 2026 earnings estimate to $0.53 per share from $0.50, while maintaining a “Hold” rating. The firm projects FY2027 earnings of $3.59 per share.
• APA’s latest quarterly results slightly missed expectations, with EPS of $1.89 versus a $1.90 consensus and revenue of $2.37 billion versus $2.46 billion expected.
• Analyst sentiment remains mixed: ten analysts rate APA a Buy, seventeen a Hold and four a Sell, producing an overall “Hold” rating and an average price target of $42.97. Shares recently opened at $45.03, near their 52-week high.

APA Corporation (NASDAQ:APA - Free Report) - Stock analysts at Zacks Research raised their Q4 2026 earnings estimates for shares of APA in a report issued on Friday, September 11th. Zacks Research analyst Team now anticipates that the company will post earnings of $0.53 per share for the quarter, up from their previous forecast of $0.50. Zacks Research currently has a "Hold" rating on the stock. The consensus estimate for APA's current full-year earnings is $5.71 per share. Zacks Research also issued estimates for APA's Q2 2027 earnings at $0.93 EPS, FY2027 earnings at $3.59 EPS, Q1 2028 earnings at $0.79 EPS and Q2 2028 earnings at $0.75 EPS.

APA (NASDAQ:APA - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.89 EPS for the quarter, missing analysts' consensus estimates of $1.90 by ($0.01). The company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.46 billion. APA had a return on equity of 24.84% and a net margin of 19.48%.During the same quarter in the previous year, the business posted $0.87 earnings per share.

A number of other equities analysts have also weighed in on the company. The Goldman Sachs Group reaffirmed a "sell" rating and set a $43.00 target price on shares of APA in a research report on Monday, September 7th. Wall Street Zen upgraded shares of APA from a "hold" rating to a "buy" rating in a research note on Saturday, August 22nd. Barclays lowered their price objective on shares of APA from $41.00 to $40.00 and set an "equal weight" rating on the stock in a report on Monday, August 17th. KeyCorp set a $46.00 price objective on shares of APA in a research note on Wednesday, August 12th. Finally, Argus upgraded shares of APA from a "hold" rating to a "buy" rating and set a $48.00 price objective for the company in a report on Wednesday, August 19th. Ten research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $42.97.

APA Stock Up 0.7%

Shares of NASDAQ:APA opened at $45.03 on Tuesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.95 and a current ratio of 0.95. APA has a 52-week low of $21.63 and a 52-week high of $46.59. The business's 50 day simple moving average is $39.24 and its two-hundred day simple moving average is $37.62. The firm has a market cap of $15.78 billion, a P/E ratio of 9.52, a PEG ratio of 0.78 and a beta of 0.37.

Hedge Funds Weigh In On APA

A number of hedge funds have recently bought and sold shares of APA. Core Capital Management & Research inc. purchased a new stake in shares of APA in the second quarter valued at about $5,800,000. The Manufacturers Life Insurance Company boosted its holdings in APA by 3.3% during the second quarter. The Manufacturers Life Insurance Company now owns 258,288 shares of the company's stock worth $8,412,000 after purchasing an additional 8,181 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in APA by 1.9% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 64,862 shares of the company's stock worth $2,113,000 after purchasing an additional 1,179 shares in the last quarter. Tidal Investments LLC increased its stake in APA by 30.3% in the 2nd quarter. Tidal Investments LLC now owns 276,070 shares of the company's stock valued at $8,992,000 after buying an additional 64,266 shares during the last quarter. Finally, Engineers Gate Manager LP bought a new position in shares of APA during the 2nd quarter worth approximately $1,468,000. 83.01% of the stock is owned by hedge funds and other institutional investors.

APA Company Profile

APA Corporation NASDAQ: APA is an independent energy company engaged in the exploration, development and production of oil, natural gas and natural gas liquids. The company operates through subsidiaries and manages upstream assets spanning exploration, drilling, production and related field-development activities.

APA's principal producing operations are in the Permian Basin of the United States and in Egypt. The company has also pursued offshore exploration opportunities in Suriname, where it has participated in drilling and appraisal activities in the country's offshore blocks.

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