Zacks Research Analysts Increase Earnings Estimates for APA

Key Points

• Analysts at Zacks Research have raised their FY2025 earnings per share (EPS) estimates for APA Corporation from $2.73 to $3.03, indicating a positive outlook.
• APA's recent quarterly earnings of $0.87 EPS surpassed analysts' expectations by $0.42, although revenue declined by 14.4% compared to the previous year.
• The stock currently holds a consensus rating of "Hold" with an average target price of $23.94, amidst varied ratings from different investment analysts.

APA Corporation (NASDAQ:APA - Free Report) - Equities research analysts at Zacks Research increased their FY2025 earnings per share estimates for shares of APA in a research report issued to clients and investors on Wednesday, August 20th. Zacks Research analyst Team now forecasts that the company will earn $3.03 per share for the year, up from their prior estimate of $2.73. The consensus estimate for APA's current full-year earnings is $4.03 per share. Zacks Research also issued estimates for APA's Q4 2025 earnings at $0.56 EPS, Q1 2026 earnings at $0.64 EPS, Q4 2026 earnings at $0.58 EPS, FY2026 earnings at $2.31 EPS and Q1 2027 earnings at $0.62 EPS.

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

Several other equities analysts have also recently weighed in on the company. Morgan Stanley raised their price objective on APA from $22.00 to $23.00 and gave the company an "underweight" rating in a report on Monday, August 18th. Raymond James Financial reiterated an "outperform" rating and issued a $26.00 target price (up from $25.00) on shares of APA in a research note on Tuesday, July 22nd. UBS Group raised their target price on shares of APA from $21.00 to $23.00 and gave the company a "neutral" rating in a research note on Wednesday, August 20th. Piper Sandler raised their target price on shares of APA from $21.00 to $22.00 and gave the company a "neutral" rating in a research note on Thursday, August 14th. Finally, Roth Capital downgraded shares of APA from a "buy" rating to a "neutral" rating and set a $22.00 target price for the company. in a research note on Wednesday, August 13th. Three analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $23.72.

APA Stock Up 2.1%

Shares of NASDAQ APA traded up $0.47 during mid-day trading on Monday, hitting $22.59. The company had a trading volume of 5,232,427 shares, compared to its average volume of 7,967,687. The company has a market capitalization of $8.08 billion, a PE ratio of 7.56, a price-to-earnings-growth ratio of 6.58 and a beta of 1.23. The firm has a 50-day simple moving average of $19.56 and a two-hundred day simple moving average of $18.92. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.62. APA has a one year low of $13.58 and a one year high of $29.47.

Institutional Investors Weigh In On APA

Several hedge funds have recently bought and sold shares of the stock. Orion Porfolio Solutions LLC lifted its position in APA by 21.4% during the second quarter. Orion Porfolio Solutions LLC now owns 26,540 shares of the company's stock worth $485,000 after acquiring an additional 4,671 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in APA by 390.3% during the second quarter. Thrivent Financial for Lutherans now owns 71,096 shares of the company's stock worth $1,301,000 after acquiring an additional 56,596 shares during the last quarter. Marex Group plc acquired a new stake in APA during the second quarter worth approximately $382,000. State of Wyoming acquired a new stake in APA during the second quarter worth approximately $202,000. Finally, Nomura Holdings Inc. acquired a new stake in APA during the second quarter worth approximately $1,444,000. 83.01% of the stock is currently 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.