Zacks Research Predicts APA's Q3 Earnings (NASDAQ:APA)

Key Points

• Zacks Research raised its Q3 2026 EPS estimate for APA to $0.68 from $0.66, while projecting full-year 2026 earnings of $4.53 per share.
• Analyst sentiment remains mixed: 11 analysts rate APA a Buy, 16 a Hold and four a Sell, producing a consensus rating of “Hold” and an average price target of $43.14.
• APA announced a quarterly dividend of $0.25 per share, yielding about 2.3%, and authorized a 40 million-share repurchase program.

APA Corporation (NASDAQ:APA - Free Report) - Analysts at Zacks Research increased their Q3 2026 EPS estimates for APA in a research note issued to investors on Tuesday, October 6th. Zacks Research analyst Team now expects that the company will post earnings of $0.68 per share for the quarter, up from their previous forecast of $0.66. The consensus estimate for APA's current full-year earnings is $5.80 per share. Zacks Research also issued estimates for APA's Q4 2026 earnings at $0.59 EPS, FY2026 earnings at $4.53 EPS, Q1 2027 earnings at $1.01 EPS, Q2 2027 earnings at $0.94 EPS, Q3 2027 earnings at $0.82 EPS, Q4 2027 earnings at $0.95 EPS, FY2027 earnings at $3.72 EPS, Q1 2028 earnings at $0.75 EPS, Q2 2028 earnings at $0.73 EPS, Q3 2028 earnings at $0.46 EPS and FY2028 earnings at $3.83 EPS.

Other equities research analysts have also issued reports about the company. Susquehanna boosted their target price on APA from $45.00 to $47.00 and gave the stock a "positive" rating in a report on Tuesday, August 11th. Barclays reduced their price objective on shares of APA from $41.00 to $40.00 and set an "equal weight" rating for the company in a research note on Monday, August 17th. The Goldman Sachs Group reiterated a "sell" rating and issued a $43.00 target price on shares of APA in a report on Monday, September 7th. Benchmark boosted their target price on shares of APA from $40.00 to $46.00 and gave the stock a "buy" rating in a research report on Wednesday, August 12th. Finally, Stifel Nicolaus started coverage on shares of APA in a report on Wednesday, September 9th. They set a "buy" rating and a $62.00 price target for the company. Eleven investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $43.14.

APA Price Performance

Shares of NASDAQ:APA opened at $44.10 on Wednesday. The stock has a market capitalization of $15.45 billion, a P/E ratio of 9.32, a P/E/G ratio of 0.76 and a beta of 0.42. The business has a 50-day moving average of $42.08 and a two-hundred day moving average of $38.89. APA has a fifty-two week low of $21.63 and a fifty-two week high of $47.44. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.95 and a quick ratio of 0.95.

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

Institutional Trading of APA

A number of hedge funds have recently bought and sold shares of the stock. CX Institutional increased its holdings in shares of APA by 20.2% during the 3rd quarter. CX Institutional now owns 167,682 shares of the company's stock worth $6,966,000 after purchasing an additional 28,175 shares during the period. QRG Capital Management Inc. lifted its stake in shares of APA by 14.6% in the second quarter. QRG Capital Management Inc. now owns 42,036 shares of the company's stock valued at $1,369,000 after buying an additional 5,344 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of APA by 8.5% in the second quarter. Envestnet Asset Management Inc. now owns 363,038 shares of the company's stock valued at $11,824,000 after buying an additional 28,474 shares during the period. State Street Corp grew its position in APA by 1.5% during the second quarter. State Street Corp now owns 25,181,423 shares of the company's stock worth $820,159,000 after buying an additional 377,429 shares in the last quarter. Finally, Core Capital Management & Research inc. acquired a new stake in APA during the second quarter worth about $5,800,000. 83.01% of the stock is owned by institutional investors.

APA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 23rd. Investors of record on Thursday, October 22nd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.3%. The ex-dividend date is Thursday, October 22nd. APA's dividend payout ratio is presently 21.14%.

APA declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, September 16th that permits the company to buyback 40,000,000 outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company's leadership believes its stock is undervalued.

About APA

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's activities include identifying prospective resources, drilling and completing wells, and managing producing assets across multiple international markets.

APA's operations have historically been concentrated in the Permian Basin of the United States and in Egypt's Western Desert, where it participates in exploration and production activities through joint ventures.

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