Evolve Private Wealth LLC Acquires New Shares in APA Corporation $APA

Key Points

• Evolve Private Wealth LLC initiated a 31,761-share position in APA Corporation worth approximately $1.03 million during the second quarter. Institutional investors and hedge funds collectively own 83.01% of APA.
• Analyst sentiment remains mixed: Argus and Weiss Ratings upgraded APA to Buy, while Zacks maintained a Hold rating. The stock has a consensus Hold rating and an average price target of $41.50.
• APA reported quarterly EPS of $1.89, slightly below the $1.90 consensus estimate, while revenue of $2.37 billion also missed expectations. Analysts forecast full-year EPS of approximately $5.54.

Evolve Private Wealth LLC bought a new stake in APA Corporation (NASDAQ:APA - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 31,761 shares of the company's stock, valued at approximately $1,034,000.

Other hedge funds also recently bought and sold shares of the company. Hollencrest Capital Management lifted its holdings in shares of APA by 520.8% during the 1st quarter. Hollencrest Capital Management now owns 596 shares of the company's stock valued at $25,000 after buying an additional 500 shares during the last quarter. Cedar Mountain Advisors LLC acquired a new position in APA in the first quarter worth approximately $28,000. MidFirst Bank acquired a new position in APA in the second quarter worth approximately $33,000. Global Assets Advisory LLC bought a new position in APA during the first quarter valued at approximately $44,000. Finally, Gables Capital Management Inc. bought a new position in APA during the second quarter valued at approximately $36,000. 83.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Zacks Research downgraded shares of APA from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 26th. Roth Capital set a $39.00 price objective on shares of APA in a research note on Thursday, August 6th. Sanford C. Bernstein upped their price objective on shares of APA from $37.00 to $40.00 and gave the stock a "market perform" rating in a report on Wednesday, May 20th. Argus raised shares of 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. Finally, Weiss Ratings upgraded APA from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, August 11th. Ten investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $41.50.

More APA News

Here are the key news stories impacting APA this week:

• Positive Sentiment: Argus upgraded APA to Buy, providing a stronger analyst endorsement for the oil and gas producer and potentially supporting investor sentiment. APA Raised to Buy at Argus
• Positive Sentiment: Zacks Research raised multiple earnings forecasts: FY2026 EPS increased to $4.40 from $4.22, FY2027 to $3.16 from $2.99, FY2028 to $3.59 from $3.38, Q1 2027 to $0.94 from $0.84, Q3 2027 to $0.72 from $0.68, and Q4 2027 to $0.73 from $0.69. These revisions indicate improved expectations for APA’s medium-term earnings performance.
• Neutral Sentiment: Zacks maintained a Hold rating despite the higher estimates. The revisions remain below the consensus full-year estimate of $5.27 EPS for the current fiscal year, suggesting analysts see upside in longer-term forecasts but not enough evidence for a more decisive rating change. APA analyst estimates
• Negative Sentiment: Q1 2028 EPS expectations were reduced to $0.99 from $1.03, partially offsetting the broader upward revisions and highlighting uncertainty around future commodity prices, production levels, and operating costs.

APA Stock Performance

NASDAQ:APA opened at $43.39 on Monday. APA Corporation has a 1 year low of $20.71 and a 1 year high of $45.66. The firm's fifty day simple moving average is $35.97 and its 200 day simple moving average is $35.86. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $15.20 billion, a PE ratio of 9.17, a PEG ratio of 0.78 and a beta of 0.35.

APA (NASDAQ:APA - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $1.89 EPS for the quarter, missing the consensus estimate of $1.90 by ($0.01). The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.46 billion. APA had a return on equity of 24.84% and a net margin of 19.48%.During the same quarter last year, the business earned $0.87 EPS. On average, sell-side analysts anticipate that APA Corporation will post 5.54 EPS for the current year.

APA Profile

APA Corporation NASDAQ: APA is an independent exploration and production company engaged in the acquisition, development and production of oil and natural gas resources. The company operates through three core regions: the United States, Egypt and the North Sea. Through its integrated approach, APA combines geological and geophysical expertise with technical innovation to identify and develop hydrocarbons in both onshore and offshore settings.

In the United States, APA's largest position is in the Permian Basin of West Texas and southeastern New Mexico, where it holds substantial acreage dedicated to oil-focused drilling and production.

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