Zacks Research Estimates APA's FY2027 Earnings (NASDAQ:APA)

APA Co. (NASDAQ:APA - Free Report) - Analysts at Zacks Research reduced their FY2027 earnings estimates for shares of APA in a note issued to investors on Wednesday, May 21st. Zacks Research analyst N. Choudhury now expects that the company will earn $2.00 per share for the year, down from their previous estimate of $2.19. The consensus estimate for APA's current full-year earnings is $4.03 per share.

Several other research analysts have also recently issued reports on the stock. Scotiabank decreased their price objective on shares of APA from $26.00 to $14.00 and set a "sector perform" rating for the company in a report on Friday, April 11th. Citigroup upped their target price on APA from $15.00 to $18.00 and gave the stock a "neutral" rating in a research report on Monday. Barclays decreased their price target on APA from $25.00 to $19.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 23rd. Mizuho lowered their price target on APA from $20.00 to $19.00 and set an "underperform" rating on the stock in a research report on Tuesday, May 13th. Finally, Argus raised APA to a "hold" rating in a research note on Friday, May 16th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $25.53.

APA Stock Down 3.1%

APA stock opened at $16.71 on Thursday. APA has a 52 week low of $13.58 and a 52 week high of $33.41. The stock has a market cap of $6.04 billion, a price-to-earnings ratio of 2.36 and a beta of 1.18. The company's 50-day moving average price is $17.37 and its two-hundred day moving average price is $20.60. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.03.

APA (NASDAQ:APA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $1.06 earnings per share for the quarter, beating analysts' consensus estimates of $0.83 by $0.23. The business had revenue of $2.61 billion for the quarter, compared to analysts' expectations of $2.17 billion. APA had a net margin of 24.36% and a return on equity of 27.86%. The company's revenue was up 35.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.78 earnings per share.

APA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Tuesday, July 22nd will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.98%. APA's dividend payout ratio is currently 35.97%.

Institutional Investors Weigh In On APA

Several hedge funds and other institutional investors have recently made changes to their positions in APA. ProShare Advisors LLC lifted its holdings in shares of APA by 0.4% during the fourth quarter. ProShare Advisors LLC now owns 113,913 shares of the company's stock worth $2,630,000 after buying an additional 449 shares during the last quarter. Van ECK Associates Corp grew its position in APA by 0.6% during the fourth quarter. Van ECK Associates Corp now owns 77,110 shares of the company's stock worth $1,780,000 after buying an additional 469 shares in the last quarter. Nissay Asset Management Corp Japan ADV increased its stake in APA by 1.1% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 46,063 shares of the company's stock valued at $1,018,000 after acquiring an additional 517 shares during the period. Asset Management One Co. Ltd. increased its stake in APA by 0.4% during the fourth quarter. Asset Management One Co. Ltd. now owns 138,991 shares of the company's stock valued at $3,070,000 after acquiring an additional 544 shares during the period. Finally, Wilmington Savings Fund Society FSB raised its holdings in APA by 77.9% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company's stock valued at $31,000 after acquiring an additional 586 shares in the last quarter. 83.01% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.