Brokers Set Expectations for APA Co.’s Q1 2025 Earnings (NASDAQ:APA)

APA Co. (NASDAQ:APA) – Research analysts at Zacks Research cut their Q1 2025 EPS estimates for shares of APA in a note issued to investors on Monday, October 14th. Zacks Research analyst N. Choudhury now anticipates that the company will post earnings per share of $0.86 for the quarter, down from their prior forecast of $1.00. The consensus estimate for APA’s current full-year earnings is $3.97 per share.

APA (NASDAQ:APA) last released its quarterly earnings data on Wednesday, July 31st. The company reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.22. APA had a return on equity of 35.95% and a net margin of 32.66%. The firm had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter last year, the firm earned $0.85 earnings per share. The business’s revenue for the quarter was up 41.6% on a year-over-year basis.

A number of other analysts have also recently issued reports on APA. Sanford C. Bernstein reduced their target price on shares of APA from $37.00 to $30.00 and set a “market perform” rating for the company in a research note on Wednesday, July 17th. Mizuho reduced their price objective on shares of APA from $35.00 to $28.00 and set an “underperform” rating for the company in a research note on Monday, September 16th. UBS Group lowered their target price on shares of APA from $35.00 to $29.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 18th. Susquehanna cut their target price on APA from $57.00 to $52.00 and set a “positive” rating on the stock in a report on Wednesday, September 4th. Finally, Evercore ISI decreased their price target on APA from $39.00 to $33.00 and set an “in-line” rating for the company in a research note on Monday, September 30th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $34.86.

APA Stock Down 6.9 %

Shares of APA stock opened at $24.85 on Tuesday. The firm has a market cap of $9.22 billion, a price-to-earnings ratio of 2.78 and a beta of 3.23. The stock has a 50-day simple moving average of $26.61 and a 200-day simple moving average of $29.24. APA has a 52-week low of $22.72 and a 52-week high of $43.58. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.01 and a quick ratio of 1.01.

Institutional Investors Weigh In On APA

Institutional investors have recently bought and sold shares of the business. Wedge Capital Management L L P NC lifted its holdings in shares of APA by 4.2% during the 3rd quarter. Wedge Capital Management L L P NC now owns 406,424 shares of the company’s stock worth $9,941,000 after acquiring an additional 16,455 shares during the period. Woodstock Corp raised its position in APA by 20.3% in the third quarter. Woodstock Corp now owns 308,253 shares of the company’s stock worth $7,540,000 after purchasing an additional 51,993 shares in the last quarter. Exchange Traded Concepts LLC bought a new position in APA during the third quarter worth about $88,000. Foundation Resource Management Inc. boosted its holdings in APA by 1.4% during the third quarter. Foundation Resource Management Inc. now owns 151,435 shares of the company’s stock valued at $3,704,000 after purchasing an additional 2,116 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of APA by 357.1% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,200 shares of the company’s stock valued at $78,000 after purchasing an additional 2,500 shares during the period. Institutional investors and hedge funds own 83.01% of the company’s stock.

APA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Tuesday, October 22nd will be given a $0.25 dividend. The ex-dividend date is Tuesday, October 22nd. This represents a $1.00 annualized dividend and a yield of 4.02%. APA’s dividend payout ratio (DPR) is currently 11.19%.

About APA

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.