Scotiabank Comments on APA’s FY2025 Earnings (NASDAQ:APA)

APA Co. (NASDAQ:APA) – Scotiabank reduced their FY2025 earnings per share estimates for APA in a note issued to investors on Wednesday, March 19th. Scotiabank analyst P. Cheng now expects that the company will earn $3.20 per share for the year, down from their previous estimate of $3.80. The consensus estimate for APA’s current full-year earnings is $4.03 per share.

Several other research firms have also issued reports on APA. JPMorgan Chase & Co. reduced their target price on APA from $23.00 to $20.00 and set a “neutral” rating on the stock in a report on Thursday, March 13th. Mizuho lowered their price objective on shares of APA from $25.00 to $24.00 and set an “underperform” rating for the company in a research report on Monday, December 16th. UBS Group reduced their price target on shares of APA from $28.00 to $27.00 and set a “neutral” rating on the stock in a research note on Monday, December 9th. Piper Sandler dropped their price objective on shares of APA from $26.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, December 17th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $32.00 target price on shares of APA in a research note on Thursday, January 23rd. 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 company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $28.60.

APA Price Performance

Shares of APA stock opened at $20.89 on Monday. 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 has a market capitalization of $7.61 billion, a price-to-earnings ratio of 2.95 and a beta of 3.26. APA has a twelve month low of $17.66 and a twelve month high of $36.05. The company has a 50-day simple moving average of $21.82 and a two-hundred day simple moving average of $22.97.

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

APA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Tuesday, April 22nd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $1.00 annualized dividend and a dividend yield of 4.79%. APA’s payout ratio is 44.25%.

Institutional Trading of APA

Several institutional investors and hedge funds have recently made changes to their positions in APA. GSA Capital Partners LLP bought a new position in shares of APA in the third quarter valued at approximately $281,000. Natixis Advisors LLC grew its stake in shares of APA by 15.1% during the 3rd quarter. Natixis Advisors LLC now owns 101,334 shares of the company’s stock worth $2,478,000 after acquiring an additional 13,266 shares during the period. Quest Partners LLC bought a new position in APA during the third quarter worth about $344,000. Pathstone Holdings LLC grew its stake in APA by 2.7% in the 3rd quarter. Pathstone Holdings LLC now owns 68,074 shares of the company’s stock valued at $1,665,000 after buying an additional 1,771 shares in the last quarter. Finally, Caprock Group LLC grew its position in shares of APA by 21.9% in the third quarter. Caprock Group LLC now owns 12,828 shares of the company’s stock valued at $314,000 after purchasing an additional 2,305 shares in the last quarter. Hedge funds and other institutional investors own 83.01% of the company’s stock.

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.