Zacks Research Issues Negative Forecast for APA Earnings

Key Points

• Zacks Research has lowered its Q1 2026 earnings estimate for APA Corporation from $0.65 to $0.61 per share, alongside a forecast for 2026 and 2027 earnings at $2.31 and $2.43 per share, respectively.
• Despite the negative earnings outlook, APA reported Q2 earnings of $0.87 per share, significantly beating the consensus estimate of $0.45, although revenue declined 14.4% year-over-year.
• APA has declared a quarterly dividend of $0.25 per share, indicating an annual yield of 4.2%, with the ex-dividend date set for October 22nd.

APA Corporation (NASDAQ:APA - Free Report) - Analysts at Zacks Research lowered their Q1 2026 earnings estimates for APA in a report released on Monday, September 22nd. Zacks Research analyst Team now expects that the company will earn $0.61 per share for the quarter, down from their prior forecast of $0.65. The consensus estimate for APA's current full-year earnings is $4.03 per share. Zacks Research also issued estimates for APA's Q3 2026 earnings at $0.52 EPS, FY2026 earnings at $2.31 EPS and FY2027 earnings at $2.43 EPS.

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

APA has been the subject of several other reports. Roth Capital lowered APA from a "buy" rating to a "neutral" rating and set a $22.00 price objective for the company. in a report on Wednesday, August 13th. UBS Group raised their price target on APA from $21.00 to $23.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 20th. Piper Sandler lifted their price target on APA from $21.00 to $22.00 and gave the company a "neutral" rating in a report on Thursday, August 14th. Barclays increased their price objective on APA from $21.00 to $22.00 and gave the stock an "equal weight" rating in a report on Friday, August 8th. Finally, Morgan Stanley lifted their target price on shares of APA from $22.00 to $23.00 and gave the company an "underweight" rating in a research note on Monday, August 18th. Three analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $23.78.

APA Trading Up 1.6%

Shares of NASDAQ:APA opened at $23.99 on Wednesday. The firm has a fifty day moving average of $21.11 and a two-hundred day moving average of $19.14. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.62. APA has a 12-month low of $13.58 and a 12-month high of $27.48. The firm has a market capitalization of $8.58 billion, a P/E ratio of 8.02, a price-to-earnings-growth ratio of 6.73 and a beta of 1.29.

APA Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Wednesday, October 22nd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.2%. The ex-dividend date is Wednesday, October 22nd. APA's payout ratio is currently 33.44%.

Institutional Trading of APA

Institutional investors have recently modified their holdings of the company. Woodline Partners LP acquired a new position in shares of APA in the fourth quarter valued at $513,000. Vise Technologies Inc. bought a new stake in APA in the 4th quarter valued at $294,000. Jefferies Financial Group Inc. raised its stake in shares of APA by 459.8% in the 4th quarter. Jefferies Financial Group Inc. now owns 53,538 shares of the company's stock valued at $1,236,000 after buying an additional 43,974 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of APA in the 4th quarter valued at $1,721,000. Finally, Siemens Fonds Invest GmbH bought a new position in shares of APA during the 4th quarter worth about $42,000. Institutional investors and hedge funds own 83.01% of the company's stock.

APA Company Profile

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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