Roth Capital Has Negative Outlook for APA Q1 Earnings

Key Points

• Roth Capital has lowered its Q1 2026 earnings estimates for APA Corporation from $0.72 to $0.48 per share, maintaining a "Neutral" rating and a $23.00 target price for the stock.
• Meanwhile, APA's recent earnings report revealed $0.87 EPS, surpassing expectations, although its revenue has decreased by 14.4% year-over-year.
• The company recently declared a quarterly dividend of $0.25, which will yield approximately 4.3% annually, with an ex-dividend date set for October 22nd.

APA Corporation (NASDAQ:APA - Free Report) - Investment analysts at Roth Capital reduced their Q1 2026 earnings estimates for shares of APA in a research report issued to clients and investors on Tuesday, October 14th. Roth Capital analyst L. Mariani now expects that the company will post earnings of $0.48 per share for the quarter, down from their previous estimate of $0.72. Roth Capital currently has a "Neutral" rating and a $23.00 target price on the stock. The consensus estimate for APA's current full-year earnings is $4.03 per share. Roth Capital also issued estimates for APA's Q2 2026 earnings at $0.40 EPS, Q3 2026 earnings at $0.55 EPS, Q4 2026 earnings at $0.73 EPS and FY2026 earnings at $2.16 EPS.

APA (NASDAQ:APA - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.87 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.42. APA had a net margin of 10.53% and a return on equity of 20.98%. The company had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the previous year, the firm earned $1.17 earnings per share. APA's quarterly revenue was down 14.4% compared to the same quarter last year.

Several other research analysts have also weighed in on APA. Evercore ISI increased their price objective on APA from $16.00 to $21.00 in a research report on Monday. UBS Group upped their price target on APA from $23.00 to $25.00 and gave the company a "neutral" rating in a research note on Wednesday. Piper Sandler increased their price target on APA from $21.00 to $22.00 and gave the stock a "neutral" rating in a report on Thursday, August 14th. Stephens assumed coverage on APA in a research report on Tuesday, August 5th. They set an "equal weight" rating and a $24.00 price objective for the company. Finally, Barclays upped their target price on shares of APA from $21.00 to $22.00 and gave the company an "equal weight" rating in a research report on Friday, August 8th. Three investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $24.26.

APA Stock Down 1.0%

Shares of NASDAQ APA opened at $23.00 on Friday. The company has a market capitalization of $8.23 billion, a P/E ratio of 7.69, a P/E/G ratio of 6.70 and a beta of 1.16. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.80 and a quick ratio of 0.80. The company has a 50 day simple moving average of $22.84 and a 200-day simple moving average of $19.58. APA has a 1 year low of $13.58 and a 1 year high of $25.83.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its holdings in shares of APA by 46.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,080,787 shares of the company's stock valued at $190,876,000 after acquiring an additional 2,894,543 shares during the last quarter. AQR Capital Management LLC boosted its holdings in APA by 157.1% in the second quarter. AQR Capital Management LLC now owns 3,060,135 shares of the company's stock valued at $55,970,000 after purchasing an additional 1,869,891 shares in the last quarter. Nuveen LLC acquired a new position in APA in the first quarter valued at approximately $22,533,000. Charles Schwab Investment Management Inc. increased its stake in APA by 8.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 13,932,980 shares of the company's stock valued at $292,871,000 after purchasing an additional 1,046,893 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its holdings in APA by 2.9% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 36,439,749 shares of the company's stock worth $765,964,000 after purchasing an additional 1,029,961 shares in the last quarter. Hedge funds and other institutional investors own 83.01% of the company's stock.

APA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Wednesday, October 22nd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, October 22nd. This represents a $1.00 annualized dividend and a yield of 4.3%. APA's dividend payout ratio (DPR) is 33.44%.

About APA

APA Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids. It has oil and gas operations in the United States, Egypt, and North Sea. The company also has exploration and appraisal activities in Suriname, as well as holds interests in projects located in Uruguay and internationally.

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