Zacks Research Issues Positive Outlook for APA Earnings

APA Corporation (NASDAQ:APA) – Equities research analysts at Zacks Research upped their Q3 2026 earnings per share estimates for APA in a research note issued on Thursday, August 20th. Zacks Research analyst Team now forecasts that the company will post earnings per share of $0.63 for the quarter, up from their previous forecast of $0.54. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for APA’s current full-year earnings is $5.54 per share. Zacks Research also issued estimates for APA’s Q4 2026 earnings at $0.50 EPS, Q2 2027 earnings at $0.77 EPS and Q2 2028 earnings at $0.82 EPS.

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

Several other equities research analysts have also recently commented on the company. BMO Capital Markets cut their price target on APA from $47.00 to $45.00 and set a “market perform” rating for the company in a research note on Wednesday, May 13th. Stephens upped their price target on APA from $43.00 to $47.00 in a research note on Wednesday, June 10th. Wells Fargo & Company upped their price target on APA from $39.00 to $49.00 and gave the stock an “equal weight” rating in a report on Thursday, August 13th. Capital One Financial lifted their price target on shares of APA from $50.00 to $51.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Finally, Barclays reduced their price target on shares of APA from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Monday, August 17th. Ten research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, APA has a consensus rating of “Hold” and a consensus target price of $41.50.

APA Trading Down 1.0%

Shares of NASDAQ:APA opened at $42.96 on Monday. The company’s 50 day moving average is $36.14 and its two-hundred day moving average is $35.98. APA has a 52 week low of $21.47 and a 52 week high of $45.66. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.47. The company has a market cap of $15.05 billion, a PE ratio of 9.08, a P/E/G ratio of 0.78 and a beta of 0.35.

Hedge Funds Weigh In On APA

Several institutional investors and hedge funds have recently modified their holdings of APA. Thrivent Financial for Lutherans increased its position in APA by 85.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 80,815 shares of the company’s stock valued at $1,976,000 after purchasing an additional 37,180 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in APA by 59.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 112,895 shares of the company’s stock valued at $2,761,000 after buying an additional 42,068 shares during the period. PNC Financial Services Group Inc. increased its holdings in APA by 20.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 193,102 shares of the company’s stock valued at $4,723,000 after buying an additional 32,357 shares during the period. Prudential PLC raised its stake in APA by 753.2% in the fourth quarter. Prudential PLC now owns 136,744 shares of the company’s stock worth $3,345,000 after buying an additional 120,717 shares in the last quarter. Finally, Jupiter Asset Management Ltd. purchased a new position in shares of APA in the 4th quarter valued at $19,968,000. 83.01% of the stock is currently owned by hedge funds and other institutional investors.

About APA

APA Corporation (NASDAQ: APA) is an independent exploration and production company engaged in the acquisition, development and production of oil and natural gas resources. The company operates through three core regions: the United States, Egypt and the North Sea. Through its integrated approach, APA combines geological and geophysical expertise with technical innovation to identify and develop hydrocarbons in both onshore and offshore settings.

In the United States, APA’s largest position is in the Permian Basin of West Texas and southeastern New Mexico, where it holds substantial acreage dedicated to oil-focused drilling and production.