Patient Capital Management LLC Takes Position in APA Corporation $APA

Key Points

• Patient Capital Management acquired 50,000 APA shares worth approximately $1.63 million in the second quarter. Several other institutions also initiated positions, with institutional investors and hedge funds owning 83.01% of the stock.
• APA reported quarterly EPS of $1.89, slightly below the $1.90 consensus estimate, while revenue of $2.37 billion also missed expectations of $2.46 billion. Analysts expect full-year EPS of approximately $5.54.
• Analyst sentiment remains mixed: Argus upgraded APA to Buy and several firms raised price targets, but Morgan Stanley downgraded the stock. Overall, analysts maintain a consensus Hold rating with an average price target of $41.50.

Patient Capital Management LLC acquired a new position in shares of APA Corporation (NASDAQ:APA - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 50,000 shares of the company's stock, valued at approximately $1,628,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in APA. Cibc World Market Inc. bought a new stake in APA in the second quarter valued at approximately $1,602,000. OMERS ADMINISTRATION Corp acquired a new position in shares of APA in the 2nd quarter worth approximately $2,990,000. Sanctuary Advisors LLC bought a new stake in shares of APA in the 2nd quarter valued at $742,000. Bank of Nova Scotia acquired a new stake in shares of APA during the second quarter worth $870,000. Finally, Compass Financial Management LLC acquired a new stake in shares of APA during the second quarter worth $33,000. 83.01% of the stock is owned by institutional investors and hedge funds.

APA Price Performance

APA stock opened at $43.39 on Monday. The firm has a market capitalization of $15.20 billion, a PE ratio of 9.17, a P/E/G ratio of 0.78 and a beta of 0.35. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.47. APA Corporation has a twelve month low of $20.71 and a twelve month high of $45.66. The stock's 50 day moving average is $35.97 and its 200-day moving average is $35.86.

APA (NASDAQ:APA - Get Free Report) last announced its quarterly earnings results 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). APA had a return on equity of 24.84% and a net margin of 19.48%.The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter last year, the company posted $0.87 EPS. Sell-side analysts expect that APA Corporation will post 5.54 EPS for the current fiscal year.

APA News Summary

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.

Analysts Set New Price Targets

A number of analysts have weighed in on APA shares. Susquehanna increased their price target on APA from $45.00 to $47.00 and gave the stock a "positive" rating in a report on Tuesday, August 11th. Morgan Stanley cut their target price on APA from $44.00 to $41.00 and set an "underweight" rating on the stock in a research report on Friday, June 26th. Stephens lifted their target price on APA from $43.00 to $47.00 in a report on Wednesday, June 10th. Capital One Financial increased their price target on APA from $50.00 to $51.00 and gave the stock an "overweight" rating in a report on Tuesday, May 12th. Finally, JPMorgan Chase & Co. raised their price objective on shares of APA from $38.00 to $41.00 in a research report on Friday, May 8th. Ten research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $41.50.

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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