Zacks Research Issues Positive Estimate for APA Earnings

Key Points

• Zacks Research raised its Q3 2026 EPS estimate for APA to $0.66, up from $0.63, while maintaining a “Hold” rating. Its full-year 2026 estimate is $4.47 per share.
• APA’s latest quarter slightly missed expectations, reporting $1.89 EPS versus the $1.90 consensus and revenue of $2.37 billion versus estimates of $2.46 billion.
• Analyst sentiment remains mixed: the stock has an average “Hold” rating and a $42.76 price target, although several firms recently raised targets or upgraded APA to “Buy.”

APA Corporation (NASDAQ:APA - Free Report) - Stock analysts at Zacks Research lifted their Q3 2026 earnings estimates for shares of APA in a research report issued to clients and investors on Friday, September 11th. Zacks Research analyst Team now expects that the company will post earnings per share of $0.66 for the quarter, up from their prior estimate of $0.63. Zacks Research 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 FY2026 earnings at $4.47 EPS, Q1 2027 earnings at $0.99 EPS, Q3 2027 earnings at $0.79 EPS, Q4 2027 earnings at $0.88 EPS and FY2028 earnings at $3.61 EPS.

APA (NASDAQ:APA - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $1.89 EPS for the quarter, missing analysts' consensus estimates of $1.90 by ($0.01). The firm 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 prior year, the firm earned $0.87 EPS.

Several other research analysts have also recently commented on APA. Wells Fargo & Company boosted their price target on APA from $49.00 to $50.00 and gave the stock an "equal weight" rating in a research note on Wednesday, September 2nd. Stifel Nicolaus started coverage on APA in a report on Wednesday. They set a "buy" rating and a $62.00 price objective on the stock. Argus raised APA from a "hold" rating to a "buy" rating and set a $48.00 target price on the stock in a research report on Wednesday, August 19th. Raymond James Financial increased their target price on APA from $50.00 to $54.00 and gave the company an "outperform" rating in a research note on Wednesday, September 2nd. Finally, Wall Street Zen raised shares of APA from a "hold" rating to a "buy" rating in a research report on Saturday, August 22nd. Ten analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and four have given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $42.76.

APA Price Performance

Shares of APA stock opened at $44.73 on Monday. APA has a 1-year low of $21.63 and a 1-year high of $46.10. The company has a market capitalization of $15.67 billion, a PE ratio of 9.46, a P/E/G ratio of 0.78 and a beta of 0.37. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.95 and a quick ratio of 0.95. The business has a 50-day moving average of $38.99 and a 200-day moving average of $37.50.

Institutional Trading of APA

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