Zacks Research Has Positive Estimate for APA FY2028 Earnings

APA Corporation (NASDAQ:APA) – Equities research analysts at Zacks Research increased their FY2028 earnings estimates for APA in a research report issued on Wednesday, June 17th. Zacks Research analyst Team now anticipates that the company will post earnings of $3.34 per share for the year, up from their prior forecast of $2.83. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for APA’s current full-year earnings is $5.60 per share.

APA (NASDAQ:APA) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.27. APA had a net margin of 17.38% and a return on equity of 20.70%. The firm had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same quarter last year, the business posted $1.06 EPS. The company’s revenue was down 11.7% on a year-over-year basis.

Several other analysts have also recently commented on APA. Wolfe Research raised their target price on APA from $45.00 to $47.00 and gave the stock an “outperform” rating in a research report on Monday, April 6th. Stephens upped their price target on APA from $43.00 to $47.00 in a research report on Wednesday, June 10th. Roth Mkm increased their price objective on APA from $27.00 to $37.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 15th. Morgan Stanley raised their price objective on APA from $43.00 to $44.00 and gave the stock an “underweight” rating in a research report on Thursday, May 21st. Finally, Raymond James Financial lifted their target price on APA from $45.00 to $57.00 and gave the company an “outperform” rating in a research note on Tuesday, May 26th. Eight equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, APA has an average rating of “Hold” and an average price target of $41.04.

APA Price Performance

Shares of NASDAQ:APA opened at $33.02 on Friday. The company’s fifty day moving average is $37.64 and its two-hundred day moving average is $32.36. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.58. APA has a 12-month low of $17.74 and a 12-month high of $45.66. The company has a market cap of $11.67 billion, a P/E ratio of 7.70 and a beta of 0.33.

Institutional Trading of APA

A number of institutional investors have recently bought and sold shares of the company. Altshuler Shaham Ltd grew its stake in APA by 36.7% in the first quarter. Altshuler Shaham Ltd now owns 1,229 shares of the company’s stock valued at $52,000 after purchasing an additional 330 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of APA by 0.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 106,667 shares of the company’s stock valued at $2,609,000 after buying an additional 375 shares during the last quarter. Coldstream Capital Management Inc. lifted its holdings in shares of APA by 1.4% during the 4th quarter. Coldstream Capital Management Inc. now owns 28,171 shares of the company’s stock valued at $689,000 after buying an additional 396 shares during the last quarter. Patriot Financial Group Insurance Agency LLC lifted its holdings in shares of APA by 3.2% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 14,648 shares of the company’s stock valued at $358,000 after buying an additional 461 shares during the last quarter. Finally, Hollencrest Capital Management grew its stake in shares of APA by 520.8% in the 1st quarter. Hollencrest Capital Management now owns 596 shares of the company’s stock valued at $25,000 after buying an additional 500 shares in the last quarter. Institutional investors and hedge funds own 83.01% of the company’s stock.

Insider Activity at APA

In other news, VP Mark D. Maddox sold 9,800 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $40.04, for a total value of $392,392.00. Following the transaction, the vice president directly owned 66,810 shares of the company’s stock, valued at approximately $2,675,072.40. This represents a 12.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.73% of the stock is currently owned by corporate insiders.

APA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Wednesday, July 22nd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Wednesday, July 22nd. APA’s payout ratio is currently 23.31%.

Key Stories Impacting APA

Here are the key news stories impacting APA this week:

• Positive Sentiment: Zacks Research raised APA’s earnings estimates across several periods, including FY2026 to $3.38 EPS from $3.22, FY2027 to $2.60 from $2.42, and quarterly outlooks for Q2 2026, Q3 2026, Q4 2026, Q1 2027, Q2 2027, Q3 2027, and Q4 2027, reflecting better profit expectations.
• Neutral Sentiment: Brokerage sentiment remains average and largely unchanged, with APA still carrying a consensus recommendation of Hold from analysts. APA Corporation (NASDAQ:APA) Given Average Recommendation of “Hold” by Brokerages
• Negative Sentiment: Investor attention may also be weighed by news of a gas pipeline dispute involving an APA project, which could add execution or regulatory uncertainty around an energy asset. Gas pipeline stoush heats up as Squadron slams APA project
• Negative Sentiment: Despite the improved estimates, the stock has been trading lower, indicating the market is focusing more on the lack of an upgraded rating or a stronger growth catalyst than on the revisions alone. APA (APA) Stock Dips While Market Gains: Key Facts

APA Company Profile

APA Corporation (NASDAQ: APA) is an independent exploration and production company engaged in the acquisition, development and production of oil and natural gas resources. The company operates through three core regions: the United States, Egypt and the North Sea. Through its integrated approach, APA combines geological and geophysical expertise with technical innovation to identify and develop hydrocarbons in both onshore and offshore settings.

In the United States, APA’s largest position is in the Permian Basin of West Texas and southeastern New Mexico, where it holds substantial acreage dedicated to oil-focused drilling and production.