APA (APA) Stock Forecast, Price & News

17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for APA in the last year. There are currently 1 sell rating, 6 hold ratings, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" APA shares.
View APA analyst ratings or view top-rated stocks.

17 brokerages have issued 1 year price targets for APA's stock. Their APA share price forecasts range from $37.00 to $57.00. On average, they predict the company's share price to reach $46.88 in the next twelve months. This suggests a possible upside of 40.6% from the stock's current price.
View analysts price targets for APA or view top-rated stocks among Wall Street analysts.

APA's stock was trading at $46.68 at the beginning of the year. Since then, APA shares have decreased by 28.6% and is now trading at $33.34.
View the best growth stocks for 2023 here.

APA saw a increase in short interest in May. As of May 15th, there was short interest totaling 11,010,000 shares, an increase of 7.9% from the April 30th total of 10,200,000 shares. Based on an average daily volume of 6,240,000 shares, the days-to-cover ratio is currently 1.8 days. Approximately 3.6% of the company's shares are sold short.
View APA's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our APA earnings forecast.

APA Co. (NASDAQ:APA) released its quarterly earnings results on Thursday, May, 4th. The company reported $1.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.98 by $0.21. The firm earned $2.03 billion during the quarter, compared to analysts' expectations of $1.84 billion. APA had a trailing twelve-month return on equity of 158.38% and a net margin of 19.72%. The company's quarterly revenue was down 47.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.92 earnings per share.

APA declared a quarterly dividend on Tuesday, May 23rd. Shareholders of record on Friday, July 21st will be paid a dividend of $0.25 per share on Tuesday, August 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend is Thursday, July 20th.
Read our dividend analysis for APA.

ETFs with the largest weight of APA (NASDAQ:APA) stock in their portfolio include Invesco S&P 500 Equal Weight Energy ETF (RYE), LeaderShares AlphaFactor Tactical Focused ETF (LSAT), First Trust Natural Gas ETF (FCG), Invesco DWA Energy Momentum ETF (PXI), Invesco Dynamic Energy Exploration & Production ETF (PXE), AXS Astoria Inflation Sensitive ETF (PPI), SPDR S&P Oil & Gas Exploration & Production ETF (XOP) and First Trust Nasdaq Oil & Gas ETF (FTXN).

APA (NASDAQ:APA) pays an annual dividend of $1.00 per share and currently has a dividend yield of 2.97%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 16.26%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, APA will have a dividend payout ratio of 16.92% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for APA.

APA announced that its Board of Directors has initiated a share repurchase program on Wednesday, September 14th 2022, which authorizes the company to buyback 40,000,000 outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its stock is undervalued.

111 employees have rated APA Chief Executive Officer John J. Christmann, IV on Glassdoor.com. John J. Christmann, IV has an approval rating of 29% among the company's employees. This puts John J. Christmann, IV in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies. 41.0% of employees surveyed would recommend working at APA to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other APA investors own include Coty (COTY), Designer Brands (DBI), Boxlight (BOXL), Cloudera (CLDR), Invesco Mortgage Capital (IVR), Bloomin' Brands (BLMN), Carnival Co. & (CCL), Energy Transfer (ET), H&R Block (HRB) and WW International (WW).

APA trades on the NASDAQ under the ticker symbol "APA."

APA's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.92%), State Street Corp (7.04%), Hotchkis & Wiley Capital Management LLC (5.54%), Harris Associates L P (3.53%), Geode Capital Management LLC (2.30%) and Pacer Advisors Inc. (1.58%). Insiders that own company stock include Chansoo Joung, Juliet S Ellis, P Anthony Lannie and Stephen J Riney.
View institutional ownership trends.

Shares of APA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of APA stock can currently be purchased for approximately $33.34.

APA (NASDAQ:APA) has a market capitalization of $10.29 billion and generates $12.13 billion in revenue each year. The company earns $3.67 billion in net income (profit) each year or $6.15 on an earnings per share basis.

The company employs 2,273 workers across the globe.

APA's mailing address is ONE POST OAK CENTRAL 2000 POST OAK BLVD STE 100, HOUSTON TX, 77056. The official website for the company is www.apachecorp.com. The company can be reached via phone at (713) 296-6000, via email at gary.clark@apachecorp.com, or via fax at 713-296-6455.