APA (APA) Stock Forecast, Price & News

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for APA in the last twelve months. There are currently 2 sell ratings, 5 hold ratings, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" APA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in APA, but not buy additional shares or sell existing shares.
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15 Wall Street analysts have issued 12-month price objectives for APA's stock. Their APA share price forecasts range from $30.00 to $59.00. On average, they predict the company's stock price to reach $47.57 in the next year. This suggests a possible upside of 18.3% 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 start of the year. Since then, APA shares have decreased by 13.8% and is now trading at $40.22.
View the best growth stocks for 2023 here.

APA saw a drop in short interest in August. As of August 31st, there was short interest totaling 7,610,000 shares, a drop of 7.1% from the August 15th total of 8,190,000 shares. Based on an average trading volume of 4,420,000 shares, the short-interest ratio is presently 1.7 days. Currently, 2.5% of the shares of the stock are short sold.
View APA's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our APA earnings forecast.

APA Co. (NASDAQ:APA) announced its quarterly earnings data on Thursday, August, 3rd. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.66 by $0.19. The firm earned $1.80 billion during the quarter, compared to analyst estimates of $1.74 billion. APA had a trailing twelve-month return on equity of 117.05% and a net margin of 16.14%. The firm's quarterly revenue was down 41.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.37 EPS.
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APA declared a quarterly dividend on Tuesday, September 12th. Shareholders of record on Monday, October 23rd will be given a dividend of $0.25 per share on Wednesday, November 22nd. This represents a $1.00 annualized dividend and a yield of 2.49%. The ex-dividend date is Friday, October 20th.
Read our dividend analysis for APA.

ETFs with the largest weight of APA (NASDAQ:APA) stock in their portfolio include Noble Absolute Return ETF (NOPE), Invesco Energy Exploration & Production ETF (PXE), Invesco S&P 500 Equal Weight Energy ETF (RSPG), Invesco S&P 500 Equal Weight Energy ETF (RYE), LeaderShares AlphaFactor Tactical Focused ETF (LSAT), First Trust Natural Gas ETF (FCG), 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 2.49%. 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 21.41%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, APA will have a dividend payout ratio of 16.31% 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 has initiated a share buyback plan on Wednesday, September 14th 2022, which allows the company to buyback 40,000,000 shares, according to EventVestor. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company's board of directors 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 institutional and retail investors. Top institutional investors include BlackRock Inc. (7.91%), State Street Corp (6.69%), Hotchkis & Wiley Capital Management LLC (6.11%), Harris Associates L P (4.35%), Geode Capital Management LLC (2.28%) and Northern Trust Corp (1.32%). 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 $40.22.

APA (NASDAQ:APA) has a market capitalization of $12.36 billion and generates $12.13 billion in revenue each year. The company earns $3.67 billion in net income (profit) each year or $4.67 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.