Zacks Research Has Positive Forecast for APA Q4 Earnings

APA Corporation (NASDAQ:APA) – Equities researchers at Zacks Research raised their Q4 2026 EPS estimates for shares of APA in a research note issued to investors on Tuesday, May 19th. Zacks Research analyst Team now forecasts that the company will earn $0.62 per share for the quarter, up from their previous forecast of $0.48. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for APA’s current full-year earnings is $5.20 per share. Zacks Research also issued estimates for APA’s Q3 2027 earnings at $0.60 EPS, Q4 2027 earnings at $0.42 EPS and FY2028 earnings at $2.83 EPS.

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

A number of other research analysts have also recently commented on the company. Bank of America boosted their price target on APA from $23.00 to $27.00 and gave the stock an “underperform” rating in a report on Monday, March 16th. Mizuho increased their price objective on shares of APA from $29.00 to $32.00 and gave the stock an “underperform” rating in a research report on Thursday, May 7th. Wells Fargo & Company increased their price target on APA from $21.00 to $39.00 and gave the stock an “equal weight” rating in a report on Thursday, April 9th. JPMorgan Chase & Co. lifted their target price on APA from $38.00 to $41.00 in a research report on Friday, May 8th. Finally, Morgan Stanley upped their price target on shares of APA from $22.00 to $43.00 and gave the stock an “underweight” rating in a report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seventeen have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $39.92.

APA Trading Up 1.9%

Shares of APA stock opened at $40.91 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.92 and a current ratio of 0.92. The company has a fifty day moving average of $38.49 and a 200 day moving average of $30.33. The company has a market capitalization of $14.46 billion, a P/E ratio of 9.54 and a beta of 0.38. APA has a fifty-two week low of $16.15 and a fifty-two week high of $45.66.

Insider Transactions at APA

In other APA news, Director Matthew Regis Bob sold 23,000 shares of the company’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $36.23, for a total value of $833,290.00. Following the sale, the director directly owned 6,634 shares of the company’s stock, valued at approximately $240,349.82. This represents a 77.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.73% of the stock is owned by corporate insiders.

Institutional Trading of APA

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership boosted its position in APA by 1,726.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,834,502 shares of the company’s stock worth $205,176,000 after purchasing an additional 4,569,779 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in APA by 76.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 7,171,963 shares of the company’s stock valued at $175,426,000 after buying an additional 3,117,032 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of APA by 157.1% during the 2nd quarter. AQR Capital Management LLC now owns 3,060,135 shares of the company’s stock worth $55,970,000 after acquiring an additional 1,869,891 shares in the last quarter. Morgan Stanley increased its stake in shares of APA by 21.8% in the 4th quarter. Morgan Stanley now owns 10,425,586 shares of the company’s stock valued at $255,010,000 after purchasing an additional 1,864,900 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in APA by 13.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 14,030,230 shares of the company’s stock worth $340,657,000 after purchasing an additional 1,674,739 shares during the period. 83.01% of the stock is owned by institutional investors and hedge funds.

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.