APA (NASDAQ:APA) Upgraded at Zacks Research

by · The Markets Daily

Zacks Research upgraded shares of APA (NASDAQ:APA – Free Report) from a hold rating to a strong-buy rating in a research report report published on Monday,Zacks reports. Zacks Research also issued estimates for APA’s Q3 2026 earnings at $0.68 EPS, Q4 2026 earnings at $0.59 EPS, FY2026 earnings at $4.53 EPS, Q1 2027 earnings at $1.01 EPS, Q2 2027 earnings at $0.94 EPS, Q3 2027 earnings at $0.82 EPS, Q4 2027 earnings at $0.95 EPS, FY2027 earnings at $3.72 EPS, Q1 2028 earnings at $0.75 EPS, Q2 2028 earnings at $0.73 EPS, Q3 2028 earnings at $0.46 EPS and FY2028 earnings at $3.83 EPS.

APA has been the subject of a number of other reports. Susquehanna lifted their price target on APA from $45.00 to $47.00 and gave the company a “positive” rating in a report on Tuesday, August 11th. Wells Fargo & Company raised their price objective on shares of APA from $49.00 to $50.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 2nd. UBS Group boosted their target price on shares of APA from $41.00 to $47.00 and gave the stock a “neutral” rating in a research note on Monday, September 14th. Stifel Nicolaus began coverage on shares of APA in a research report on Wednesday, September 9th. They set a “buy” rating and a $62.00 target price on the stock. Finally, KeyCorp set a $46.00 price target on shares of APA in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fifteen have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, APA presently has a consensus rating of “Hold” and an average target price of $43.14.

Read Our Latest Research Report on APA

APA Trading Down 0.7%

APA stock opened at $43.81 on Monday. The business has a fifty day moving average price of $42.22 and a 200 day moving average price of $38.93. APA has a fifty-two week low of $21.63 and a fifty-two week high of $47.44. The stock has a market capitalization of $15.35 billion, a price-to-earnings ratio of 9.26, a P/E/G ratio of 0.76 and a beta of 0.42. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.95 and a quick ratio of 0.95.

APA (NASDAQ:APA – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.89 EPS for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.01). The business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.46 billion. APA had a return on equity of 24.84% and a net margin of 19.48%.During the same period in the prior year, the firm posted $0.87 EPS. Analysts expect that APA will post 5.8 EPS for the current fiscal year.

APA declared that its board has initiated a share repurchase plan on Wednesday, September 16th that allows the company to buyback 40,000,000 outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

APA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 23rd. Shareholders of record on Thursday, October 22nd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, October 22nd. APA’s payout ratio is currently 21.14%.

Institutional Investors Weigh In On APA

Several institutional investors have recently modified their holdings of the business. Parkside Financial Bank & Trust raised its position in shares of APA by 9.8% during the second quarter. Parkside Financial Bank & Trust now owns 3,206 shares of the company’s stock worth $104,000 after purchasing an additional 285 shares during the period. Altshuler Shaham Ltd boosted its stake in APA by 36.7% during the 1st quarter. Altshuler Shaham Ltd now owns 1,229 shares of the company’s stock valued at $52,000 after purchasing an additional 330 shares during the last quarter. Rockefeller Capital Management L.P. boosted its stake in APA by 0.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 106,667 shares of the company’s stock valued at $2,609,000 after purchasing an additional 375 shares during the last quarter. Waverly Advisors LLC increased its holdings in APA by 4.3% during the 2nd quarter. Waverly Advisors LLC now owns 9,849 shares of the company’s stock worth $321,000 after purchasing an additional 405 shares in the last quarter. Finally, Fortitude Family Office LLC increased its holdings in APA by 37.9% during the 2nd quarter. Fortitude Family Office LLC now owns 1,489 shares of the company’s stock worth $48,000 after purchasing an additional 409 shares in the last quarter. Institutional investors and hedge funds own 83.01% of the company’s stock.

More APA News

Here are the key news stories impacting APA this week:

  • Positive Sentiment: Zacks Research upgraded APA from “Hold” to “Strong Buy” and raised its Q3 2026 EPS estimate to $0.68 from $0.66. It also increased its FY2026 estimate to $4.53 from $4.47 and FY2027 to $3.72 from $3.59. APA Stock Moved Up to Strong-Buy by Zacks Research
  • Positive Sentiment: APA reported estimated Q3 realized oil prices of $87.50 per barrel in the United States and $98.50 internationally, plus a $190 million pretax net gain on oil and gas purchases and sales, including derivative gains. APA Q3 2026 Supplemental Information
  • Positive Sentiment: The company repurchased 10.5 million shares during Q3 at an average price of $42.78, reducing its share count and potentially supporting per-share results. APA will discuss final quarterly results on Nov. 5. APA Supplemental Third-Quarter Information

APA Company Profile

(Get Free Report)

APA Corporation (NASDAQ:APA) is an independent energy company engaged in the exploration, development and production of oil, natural gas and natural gas liquids. The company’s activities include identifying prospective resources, drilling and completing wells, and managing producing assets across multiple international markets.

APA’s operations have historically been concentrated in the Permian Basin of the United States and in Egypt’s Western Desert, where it participates in exploration and production activities through joint ventures.

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