Scotiabank Has Positive Forecast for APA FY2026 Earnings

APA Co. (NASDAQ:APA) – Research analysts at Scotiabank boosted their FY2026 earnings per share (EPS) estimates for shares of APA in a note issued to investors on Wednesday, March 19th. Scotiabank analyst P. Cheng now anticipates that the company will post earnings of $3.35 per share for the year, up from their prior forecast of $3.05. The consensus estimate for APA’s current full-year earnings is $4.03 per share.

Several other equities research analysts have also issued reports on APA. Mizuho reduced their target price on shares of APA from $25.00 to $24.00 and set an “underperform” rating for the company in a report on Monday, December 16th. Barclays reduced their price objective on shares of APA from $27.00 to $25.00 and set an “equal weight” rating for the company in a research note on Tuesday. The Goldman Sachs Group lowered their target price on shares of APA from $25.00 to $22.00 and set a “sell” rating on the stock in a research note on Friday, January 3rd. Citigroup cut their price target on APA from $24.00 to $20.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. Finally, Raymond James downgraded APA from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the company from $45.00 to $32.00 in a research report on Monday, March 10th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $28.60.

APA Stock Performance

Shares of APA opened at $20.61 on Friday. The business has a 50-day simple moving average of $21.97 and a two-hundred day simple moving average of $23.08. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.03. APA has a 52 week low of $17.66 and a 52 week high of $36.05. The stock has a market cap of $7.50 billion, a price-to-earnings ratio of 2.91 and a beta of 3.26.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in APA. Brown Brothers Harriman & Co. raised its position in APA by 1,087.9% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,176 shares of the company’s stock valued at $27,000 after purchasing an additional 1,077 shares during the period. TD Private Client Wealth LLC increased its position in shares of APA by 84.1% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company’s stock valued at $29,000 after purchasing an additional 540 shares during the last quarter. Riverview Trust Co raised its holdings in APA by 5,718.2% during the 4th quarter. Riverview Trust Co now owns 1,280 shares of the company’s stock valued at $30,000 after buying an additional 1,258 shares during the period. Wilmington Savings Fund Society FSB lifted its position in APA by 77.9% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company’s stock worth $31,000 after buying an additional 586 shares during the last quarter. Finally, Runnymede Capital Advisors Inc. purchased a new position in APA during the fourth quarter worth $35,000. Institutional investors own 83.01% of the company’s stock.

APA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Tuesday, April 22nd will be issued a $0.25 dividend. The ex-dividend date is Tuesday, April 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.85%. 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.