Analysts Set APA Corporation (NASDAQ:APA) PT at $41.04

Shares of APA Corporation (NASDAQ:APA) have received an average rating of “Hold” from the thirty analysts that are currently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, eighteen have given a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $41.0385.

Several analysts have recently commented on APA shares. UBS Group increased their price objective on APA from $44.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, April 17th. Wall Street Zen upgraded APA from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Jefferies Financial Group raised their target price on APA from $26.00 to $36.00 and gave the stock a “hold” rating in a research note on Monday, April 13th. Roth Mkm raised their target price on APA from $27.00 to $37.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 15th. Finally, Bank of America raised their target price on APA from $23.00 to $27.00 and gave the stock an “underperform” rating in a research note on Monday, March 16th.

Insider Transactions at APA

In related news, VP Mark D. Maddox sold 9,800 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $40.04, for a total value of $392,392.00. Following the completion of the transaction, the vice president owned 66,810 shares in the company, valued at $2,675,072.40. This trade represents a 12.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.73% of the stock is owned by company insiders.

Institutional Investors Weigh In On APA

Several hedge funds and other institutional investors have recently added to or reduced their stakes in APA. Arrowstreet Capital Limited Partnership grew its position in APA by 1,726.2% during 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 during the period. Goldman Sachs Group Inc. grew its position in APA by 76.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 7,171,963 shares of the company’s stock worth $175,426,000 after purchasing an additional 3,117,032 shares during the period. AQR Capital Management LLC grew its position in 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 purchasing an additional 1,869,891 shares during the period. Morgan Stanley grew its position in APA by 21.8% during the 4th quarter. Morgan Stanley now owns 10,425,586 shares of the company’s stock worth $255,010,000 after purchasing an additional 1,864,900 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of APA by 13.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 14,030,230 shares of the company’s stock valued at $340,657,000 after acquiring an additional 1,674,739 shares during the period. 83.01% of the stock is owned by institutional investors and hedge funds.

More APA News

Here are the key news stories impacting APA this week:

• Positive Sentiment: Zacks Research lifted earnings estimates across multiple periods for APA, including FY2026, FY2027 and several quarterly forecasts, signaling improved expectations for the company’s profitability. APA analyst estimate updates
• Positive Sentiment: A Zacks feature highlighted that APA has gained 63% over the past year, citing stronger execution, Permian strength and potential upside from Suriname as reasons the market may be catching on. APA gains 63% in a year article
• Neutral Sentiment: Despite the stronger outlook, Zacks kept a Hold rating, suggesting analysts see some upside but not enough to turn fully constructive yet. Zacks Hold rating article
• Neutral Sentiment: The same commentary noted offsetting risks, including debt, exposure to Egypt and commodity-price volatility, which may be limiting enthusiasm and helping explain why the shares have been choppy. Risks commentary article

APA Stock Performance

Shares of APA opened at $33.02 on Wednesday. APA has a 12 month low of $17.74 and a 12 month high of $45.66. The stock has a fifty day moving average price of $37.52 and a 200-day moving average price of $32.36. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.58. The firm has a market cap of $11.67 billion, a PE ratio of 7.70 and a beta of 0.33.

APA (NASDAQ:APA) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.11 by $0.27. APA had a return on equity of 20.70% and a net margin of 17.38%.The firm had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same quarter in the prior year, the business posted $1.06 EPS. The business’s revenue for the quarter was down 11.7% compared to the same quarter last year. Equities research analysts predict that APA will post 5.6 earnings per share for the current fiscal year.

APA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Wednesday, July 22nd will be paid a $0.25 dividend. The ex-dividend date is Wednesday, July 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 3.0%. APA’s dividend payout ratio (DPR) is 23.31%.

About APA

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.