Analysts Issue Forecasts for APA’s Q3 Earnings (NASDAQ:APA)

APA Corporation (NASDAQ:APA) – Equities researchers at Zacks Research upped their Q3 2026 earnings per share (EPS) estimates for APA in a research note issued to investors on Friday, September 11th. Zacks Research analyst Team now anticipates that the company will post earnings of $0.66 per share for the quarter, up from their previous forecast of $0.63. Zacks Research has a “Hold” rating on the stock. The consensus estimate for APA’s current full-year earnings is $5.71 per share. Zacks Research also issued estimates for APA’s FY2026 earnings at $4.47 EPS, Q1 2027 earnings at $0.99 EPS, Q3 2027 earnings at $0.79 EPS, Q4 2027 earnings at $0.88 EPS and FY2028 earnings at $3.61 EPS.

APA (NASDAQ:APA) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.90 by ($0.01). The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.46 billion. APA had a net margin of 19.48% and a return on equity of 24.84%. During the same period in the previous year, the business earned $0.87 earnings per share.

Several other research analysts have also commented on APA. The Goldman Sachs Group reaffirmed a “sell” rating and set a $43.00 price objective on shares of APA in a research note on Monday, September 7th. Benchmark increased their price objective on shares of APA from $40.00 to $46.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Wells Fargo & Company boosted their target price on APA from $49.00 to $50.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 2nd. Wall Street Zen raised APA from a “hold” rating to a “buy” rating in a research note on Saturday, August 22nd. Finally, Seaport Research Partners initiated coverage on APA in a report on Thursday, September 3rd. They issued a “neutral” rating on the stock. Ten analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, APA has a consensus rating of “Hold” and a consensus target price of $42.97.

APA Stock Performance

NASDAQ:APA opened at $45.03 on Monday. The firm has a market capitalization of $15.78 billion, a PE ratio of 9.52, a PEG ratio of 0.78 and a beta of 0.37. The stock’s fifty day moving average is $39.24 and its 200 day moving average is $37.62. APA has a fifty-two week low of $21.63 and a fifty-two week high of $46.59. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.95 and a current ratio of 0.95.

Institutional Investors Weigh In On APA

Several large investors have recently added to or reduced their stakes in APA. BlackRock Inc. purchased a new position in shares of APA during the second quarter worth $1,173,231,000. Dimensional Fund Advisors LP grew its position in APA by 6.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 16,376,952 shares of the company’s stock worth $695,099,000 after purchasing an additional 1,055,016 shares during the period. California State Teachers Retirement System grew its position in APA by 3,143.3% during the 2nd quarter. California State Teachers Retirement System now owns 13,395,715 shares of the company’s stock worth $411,290,000 after purchasing an additional 12,982,685 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of APA by 1,726.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,834,502 shares of the company’s stock valued at $205,176,000 after buying an additional 4,569,779 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in shares of APA by 55.0% during the 1st quarter. First Trust Advisors LP now owns 4,154,301 shares of the company’s stock valued at $176,309,000 after buying an additional 1,473,626 shares during the last quarter. 83.01% of the stock is owned by hedge funds and other institutional investors.

APA Company Profile

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 operates through subsidiaries and manages upstream assets spanning exploration, drilling, production and related field-development activities.

APA’s principal producing operations are in the Permian Basin of the United States and in Egypt. The company has also pursued offshore exploration opportunities in Suriname, where it has participated in drilling and appraisal activities in the country’s offshore blocks.