APA (NASDAQ:APA) Shares Up 3.6% – Should You Buy?

APA Corporation (NASDAQ:APA) shares shot up 3.6% during mid-day trading on Tuesday . The stock traded as high as $46.89 and last traded at $46.6290. 1,081,047 shares were traded during trading, a decline of 84% from the average daily volume of 6,752,409 shares. The stock had previously closed at $45.03.

More APA News

Here are the key news stories impacting APA this week:

• Positive Sentiment: Zacks raised its Q4 2026 EPS estimate to $0.53 from $0.50, Q2 2027 EPS to $0.93 from $0.77, and FY2027 EPS to $3.59 from $3.16. The upgrades suggest improved expectations for APA’s near- to medium-term earnings performance. Zacks Research Analysts Raise Earnings Estimates for APA
• Positive Sentiment: A Zacks article characterized APA as a strong value stock, which may be attracting investor interest given its relatively low valuation and exposure to energy markets. Here’s Why APA is a Strong Value Stock
• Neutral Sentiment: The consensus estimate for APA’s current full-year EPS remains $5.71, while Zacks continues to rate the shares Hold. This indicates that the estimate increases have not yet translated into a broader change in analyst conviction.
• Neutral Sentiment: APA was included in a Zacks industry outlook alongside W&T Offshore and Diamondback, keeping the stock in focus within the energy sector, although the available report details do not identify a company-specific operational catalyst. Zacks Industry Outlook W&T Offshore, APA and Diamondback
• Negative Sentiment: Zacks lowered its Q1 2028 EPS estimate to $0.79 from $0.99 and Q2 2028 EPS to $0.75 from $0.82. These cuts point to softer longer-term earnings expectations and partially offset the 2027 upgrades.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. UBS Group raised their price objective on APA from $41.00 to $47.00 and gave the stock a “neutral” rating in a research report on Monday. Susquehanna boosted their price objective on APA from $45.00 to $47.00 and gave the company a “positive” rating in a research report on Tuesday, August 11th. Roth Capital set a $39.00 target price on APA in a research report on Thursday, August 6th. Stephens lifted their price target on shares of APA from $43.00 to $47.00 in a research note on Wednesday, June 10th. Finally, Sanford C. Bernstein lifted their price target on shares of APA from $37.00 to $40.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 20th. Ten research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat, APA has an average rating of “Hold” and a consensus target price of $42.97.

APA Trading Up 5.2%

The company has a debt-to-equity ratio of 0.47, a current ratio of 0.95 and a quick ratio of 0.95. The business’s 50 day simple moving average is $39.24 and its 200 day simple moving average is $37.62. The stock has a market cap of $16.59 billion, a P/E ratio of 10.02, a PEG ratio of 0.78 and a beta of 0.37.

APA (NASDAQ:APA) last released its quarterly earnings data on Wednesday, August 5th. The company reported $1.89 earnings per share for the quarter, missing the consensus estimate of $1.90 by ($0.01). APA had a net margin of 19.48% and a return on equity of 24.84%. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter in the prior year, the company posted $0.87 earnings per share. On average, analysts expect that APA Corporation will post 5.71 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Core Capital Management & Research inc. bought a new stake in shares of APA in the 2nd quarter worth about $5,800,000. The Manufacturers Life Insurance Company lifted its holdings in APA by 3.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 258,288 shares of the company’s stock valued at $8,412,000 after purchasing an additional 8,181 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in APA by 1.9% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 64,862 shares of the company’s stock valued at $2,113,000 after purchasing an additional 1,179 shares during the last quarter. Tidal Investments LLC boosted its position in APA by 30.3% in the second quarter. Tidal Investments LLC now owns 276,070 shares of the company’s stock valued at $8,992,000 after buying an additional 64,266 shares in the last quarter. Finally, Engineers Gate Manager LP acquired a new position in APA in the second quarter valued at about $1,468,000. 83.01% of the stock is owned by institutional investors.

About APA

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.