Q4 Earnings Estimate for APA Issued By Capital One Financial

APA Co. (NASDAQ:APA) – Equities research analysts at Capital One Financial boosted their Q4 2024 earnings per share estimates for shares of APA in a report issued on Wednesday, November 13th. Capital One Financial analyst B. Velie now expects that the company will post earnings of $1.10 per share for the quarter, up from their prior estimate of $0.80. The consensus estimate for APA’s current full-year earnings is $3.97 per share. Capital One Financial also issued estimates for APA’s Q1 2025 earnings at $0.31 EPS, Q2 2025 earnings at $0.29 EPS, Q3 2025 earnings at $0.30 EPS, Q4 2025 earnings at $0.31 EPS and FY2025 earnings at $1.20 EPS.

Several other equities research analysts have also issued reports on the stock. Piper Sandler lowered their target price on shares of APA from $28.00 to $26.00 and set a “neutral” rating for the company in a report on Monday. UBS Group dropped their target price on APA from $29.00 to $28.00 and set a “neutral” rating for the company in a research report on Monday. JPMorgan Chase & Co. reduced their price target on APA from $29.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday, November 13th. Mizuho decreased their price target on APA from $35.00 to $28.00 and set an “underperform” rating for the company in a research note on Monday, September 16th. Finally, Bernstein Bank dropped their price objective on APA from $30.00 to $28.00 in a report on Friday, October 18th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $32.81.

APA Trading Down 2.4 %

APA stock opened at $21.92 on Monday. APA has a twelve month low of $21.15 and a twelve month high of $37.82. The stock has a market capitalization of $8.11 billion, a price-to-earnings ratio of 3.10 and a beta of 3.24. 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 firm’s fifty day simple moving average is $24.42 and its two-hundred day simple moving average is $27.55.

APA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Tuesday, October 22nd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.56%. The ex-dividend date is Tuesday, October 22nd. APA’s payout ratio is 14.12%.

Institutional Investors Weigh In On APA

A number of institutional investors have recently added to or reduced their stakes in the stock. Sunpointe LLC increased its position in shares of APA by 2.8% during the second quarter. Sunpointe LLC now owns 13,297 shares of the company’s stock worth $391,000 after purchasing an additional 362 shares in the last quarter. GAMMA Investing LLC boosted its holdings in APA by 12.0% in the second quarter. GAMMA Investing LLC now owns 3,558 shares of the company’s stock worth $105,000 after acquiring an additional 380 shares in the last quarter. Citizens Financial Group Inc. RI grew its stake in shares of APA by 6.7% during the second quarter. Citizens Financial Group Inc. RI now owns 6,860 shares of the company’s stock worth $202,000 after acquiring an additional 429 shares during the last quarter. Covestor Ltd increased its holdings in shares of APA by 75.4% during the first quarter. Covestor Ltd now owns 1,093 shares of the company’s stock valued at $38,000 after acquiring an additional 470 shares in the last quarter. Finally, Signaturefd LLC raised its position in shares of APA by 7.1% in the 2nd quarter. Signaturefd LLC now owns 7,108 shares of the company’s stock valued at $209,000 after purchasing an additional 472 shares during the last quarter. Institutional investors own 83.01% of the company’s stock.

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.