Scotiabank Brokers Decrease Earnings Estimates for APA

APA Co. (NASDAQ:APA) – Analysts at Scotiabank cut their FY2025 EPS estimates for APA in a note issued to investors on Wednesday, March 19th. Scotiabank analyst P. Cheng now anticipates that the company will post earnings per share of $3.20 for the year, down from their previous forecast of $3.80. The consensus estimate for APA’s current full-year earnings is $4.03 per share.

A number of other equities research analysts also recently weighed in on APA. The Goldman Sachs Group cut their price target on APA from $25.00 to $22.00 and set a “sell” rating for the company in a research note on Friday, January 3rd. Mizuho cut their price target on shares of APA from $25.00 to $24.00 and set an “underperform” rating on the stock in a report on Monday, December 16th. UBS Group lowered their target price on shares of APA from $28.00 to $27.00 and set a “neutral” rating on the stock in a research report on Monday, December 9th. Barclays decreased their price target on APA from $27.00 to $25.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 18th. Finally, Piper Sandler decreased their target price on APA from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, December 17th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, APA currently has a consensus rating of “Hold” and an average price target of $28.60.

APA Trading Up 0.2 %

Shares of NASDAQ:APA opened at $20.89 on Monday. APA has a 12-month low of $17.66 and a 12-month high of $36.05. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $7.61 billion, a P/E ratio of 2.95 and a beta of 3.26. The firm has a fifty day moving average of $21.82 and a two-hundred day moving average of $22.97.

APA (NASDAQ:APA) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.18). The business had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.31 billion. APA had a return on equity of 27.86% and a net margin of 24.36%.

Institutional Trading of APA

Several institutional investors and hedge funds have recently made changes to their positions in APA. Harris Associates L P raised its stake in shares of APA by 20.8% in the 3rd quarter. Harris Associates L P now owns 24,914,700 shares of the company’s stock valued at $609,414,000 after purchasing an additional 4,293,932 shares during the period. Hotchkis & Wiley Capital Management LLC grew its stake in APA by 12.6% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 30,471,834 shares of the company’s stock valued at $745,341,000 after purchasing an additional 3,411,270 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of APA by 33.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,186,244 shares of the company’s stock worth $142,823,000 after purchasing an additional 1,540,055 shares in the last quarter. Freestone Grove Partners LP bought a new position in shares of APA in the fourth quarter valued at $30,767,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in APA by 29.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,297,871 shares of the company’s stock worth $122,328,000 after acquiring an additional 1,195,212 shares in the last quarter. Institutional investors own 83.01% of the company’s stock.

APA Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Tuesday, April 22nd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.79%. The ex-dividend date is Tuesday, April 22nd. APA’s dividend payout ratio (DPR) is presently 44.25%.

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.