Scotiabank Forecasts APA’s FY2025 Earnings (NASDAQ:APA)

APA Co. (NASDAQ:APA) – Investment analysts at Scotiabank dropped their FY2025 earnings estimates for APA in a report released on Wednesday, January 8th. Scotiabank analyst P. Cheng now forecasts that the company will post earnings of $3.80 per share for the year, down from their prior forecast of $4.05. Scotiabank currently has a “Sector Perform” rating and a $27.00 target price on the stock. The consensus estimate for APA’s current full-year earnings is $4.01 per share. Scotiabank also issued estimates for APA’s FY2026 earnings at $3.05 EPS.

Several other research analysts have also weighed in on the company. Wells Fargo & Company lowered APA from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $42.00 to $25.00 in a research report on Tuesday, December 17th. UBS Group lowered their target price on shares of APA from $28.00 to $27.00 and set a “neutral” rating for the company in a research note on Monday, December 9th. JPMorgan Chase & Co. cut their target price on APA from $29.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 13th. Mizuho lowered their target price on APA from $25.00 to $24.00 and set an “underperform” rating on the stock in a research report on Monday, December 16th. Finally, Citigroup lowered their price objective on shares of APA from $29.00 to $24.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 26th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $30.55.

APA Price Performance

APA stock opened at $23.68 on Thursday. The stock has a market capitalization of $8.76 billion, a price-to-earnings ratio of 3.34 and a beta of 3.16. APA has a 52-week low of $20.32 and a 52-week high of $36.04. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.03. The stock’s fifty day simple moving average is $22.44 and its 200-day simple moving average is $25.73.

Institutional Trading of APA

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Citizens Financial Group Inc. RI boosted its stake in shares of APA by 6.7% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 6,860 shares of the company’s stock valued at $202,000 after purchasing an additional 429 shares in the last quarter. Empirical Finance LLC boosted its position in APA by 1.6% in the third quarter. Empirical Finance LLC now owns 31,272 shares of the company’s stock valued at $765,000 after buying an additional 497 shares in the last quarter. UMB Bank n.a. grew its stake in APA by 16.9% during the third quarter. UMB Bank n.a. now owns 3,556 shares of the company’s stock worth $87,000 after buying an additional 513 shares during the last quarter. NewEdge Advisors LLC grew its stake in APA by 1.1% during the second quarter. NewEdge Advisors LLC now owns 46,603 shares of the company’s stock worth $1,372,000 after buying an additional 521 shares during the last quarter. Finally, Segment Wealth Management LLC increased its holdings in shares of APA by 1.0% during the third quarter. Segment Wealth Management LLC now owns 54,367 shares of the company’s stock worth $1,330,000 after buying an additional 535 shares in the last quarter. Institutional investors own 83.01% of the company’s stock.

Insiders Place Their Bets

In other news, Director Juliet S. Ellis purchased 4,391 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were purchased at an average cost of $22.78 per share, for a total transaction of $100,026.98. Following the completion of the purchase, the director now directly owns 12,436 shares of the company’s stock, valued at approximately $283,292.08. The trade was a 54.58 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.30% of the company’s stock.

APA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Wednesday, January 22nd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.22%. The ex-dividend date of this dividend is Wednesday, January 22nd. APA’s dividend payout ratio is currently 14.12%.

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.