APA FY2024 EPS Estimate Increased by Capital One Financial

APA Co. (NASDAQ:APA) – Equities research analysts at Capital One Financial increased their FY2024 EPS estimates for APA in a research note issued to investors on Wednesday, January 8th. Capital One Financial analyst B. Velie now forecasts that the company will post earnings per share of $4.09 for the year, up from their previous forecast of $4.06. The consensus estimate for APA’s current full-year earnings is $4.01 per share. Capital One Financial also issued estimates for APA’s Q4 2024 earnings at $1.13 EPS.

Other equities research analysts also recently issued research reports about the company. Evercore ISI dropped their target price on APA from $39.00 to $33.00 and set an “in-line” rating for the company in a report on Monday, September 30th. Bernstein Bank dropped their price objective on shares of APA from $30.00 to $28.00 in a research note on Friday, October 18th. Truist Financial cut their price objective on shares of APA from $36.00 to $33.00 and set a “buy” rating for the company in a report on Friday, November 8th. Royal Bank of Canada lowered their target price on shares of APA from $34.00 to $32.00 and set a “sector perform” rating on the stock in a report on Monday, November 11th. Finally, UBS Group cut their price target on APA from $28.00 to $27.00 and set a “neutral” rating for the company in a research note on Monday, December 9th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, APA presently has an average rating of “Hold” and an average price target of $30.55.

APA Price Performance

Shares of NASDAQ APA opened at $23.68 on Friday. The business’s 50 day moving average is $22.44 and its 200-day moving average is $25.73. The firm has a market cap of $8.76 billion, a P/E ratio of 3.34 and a beta of 3.16. APA has a 1-year low of $20.32 and a 1-year high of $36.04. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.03.

APA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Wednesday, January 22nd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.22%. The ex-dividend date of this dividend is Wednesday, January 22nd. APA’s dividend payout ratio (DPR) is presently 14.12%.

Insider Buying and Selling

In other APA news, Director Juliet S. Ellis acquired 4,391 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was acquired at an average price of $22.78 per share, for a total transaction of $100,026.98. Following the acquisition, the director now directly owns 12,436 shares in the company, valued at $283,292.08. This represents a 54.58 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On APA

Several institutional investors and hedge funds have recently added to or reduced their stakes in APA. TD Private Client Wealth LLC raised its position in shares of APA by 84.1% during the third quarter. TD Private Client Wealth LLC now owns 1,182 shares of the company’s stock worth $29,000 after acquiring an additional 540 shares during the last quarter. Huntington National Bank raised its holdings in APA by 48.8% during the 3rd quarter. Huntington National Bank now owns 1,710 shares of the company’s stock worth $42,000 after purchasing an additional 561 shares during the last quarter. Blue Trust Inc. lifted its position in shares of APA by 164.2% in the 3rd quarter. Blue Trust Inc. now owns 2,581 shares of the company’s stock worth $63,000 after purchasing an additional 1,604 shares during the period. Abich Financial Wealth Management LLC bought a new stake in shares of APA in the 2nd quarter valued at $76,000. Finally, Sunbelt Securities Inc. increased its position in shares of APA by 269.9% during the second quarter. Sunbelt Securities Inc. now owns 2,671 shares of the company’s stock worth $79,000 after buying an additional 1,949 shares during the period. 83.01% of the stock is currently owned by institutional investors and hedge funds.

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.