What is Zacks Research’s Forecast for APA FY2028 Earnings?

APA Corporation (NASDAQ:APA) – Research analysts at Zacks Research upped their FY2028 earnings estimates for APA in a note issued to investors on Monday, March 30th. Zacks Research analyst Team now forecasts that the company will post earnings of $2.69 per share for the year, up from their prior estimate of $2.64. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for APA’s current full-year earnings is $4.03 per share.

A number of other research analysts have also commented on the company. Jefferies Financial Group increased their price objective on APA from $22.00 to $26.00 in a research report on Monday, March 9th. TD Cowen upgraded APA to a “hold” rating in a research report on Monday, February 9th. UBS Group upped their price target on APA from $30.00 to $34.00 and gave the company a “neutral” rating in a research note on Monday, March 2nd. Royal Bank Of Canada upped their price target on APA from $26.00 to $29.00 and gave the company a “sector perform” rating in a research note on Thursday, March 5th. Finally, Citigroup raised their price target on APA from $25.00 to $45.00 and gave the company a “neutral” rating in a report on Monday. Seven research analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $34.58.

APA Stock Performance

APA stock opened at $43.74 on Tuesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.82 and a quick ratio of 0.82. The company has a 50 day moving average price of $31.06 and a 200 day moving average price of $26.68. APA has a fifty-two week low of $13.58 and a fifty-two week high of $45.66. The stock has a market capitalization of $15.45 billion, a PE ratio of 10.96 and a beta of 0.67.

APA (NASDAQ:APA) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.62 by $0.29. The business had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.89 billion. APA had a net margin of 15.55% and a return on equity of 19.89%. APA’s revenue was down 26.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.79 earnings per share.

Institutional Investors Weigh In On APA

A number of institutional investors have recently made changes to their positions in APA. Allspring Global Investments Holdings LLC raised its position in shares of APA by 869.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 194,418 shares of the company’s stock valued at $4,872,000 after acquiring an additional 174,369 shares during the period. United Capital Management of KS Inc. acquired a new position in APA during the third quarter valued at approximately $1,214,000. Prudential Financial Inc. increased its stake in APA by 38.8% in the second quarter. Prudential Financial Inc. now owns 284,275 shares of the company’s stock valued at $5,199,000 after purchasing an additional 79,451 shares in the last quarter. Jackson Creek Investment Advisors LLC bought a new stake in APA in the third quarter valued at approximately $2,337,000. Finally, AE Wealth Management LLC raised its holdings in APA by 2,049.4% in the third quarter. AE Wealth Management LLC now owns 403,511 shares of the company’s stock worth $9,797,000 after purchasing an additional 384,738 shares during the period. 83.01% of the stock is owned by institutional investors and hedge funds.

Insider Activity 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 transaction of $833,290.00. Following the completion of the sale, the director owned 6,634 shares in the company, valued at approximately $240,349.82. The trade was a 77.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.

APA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Wednesday, April 22nd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Wednesday, April 22nd. APA’s payout ratio is currently 25.06%.

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.