APA FY2024 EPS Estimate Reduced by Capital One Financial

APA Co. (NASDAQ:APA) – Research analysts at Capital One Financial decreased their FY2024 earnings per share (EPS) estimates for APA in a note issued to investors on Thursday, January 23rd. Capital One Financial analyst B. Velie now expects that the company will earn $4.03 per share for the year, down from their prior estimate of $4.09. The consensus estimate for APA’s current full-year earnings is $4.08 per share. Capital One Financial also issued estimates for APA’s Q4 2024 earnings at $1.08 EPS, Q1 2025 earnings at $0.67 EPS, Q2 2025 earnings at $0.66 EPS, Q3 2025 earnings at $0.69 EPS, Q4 2025 earnings at $0.70 EPS, FY2025 earnings at $2.72 EPS and FY2026 earnings at $1.73 EPS.

APA has been the topic of a number of other reports. Barclays lowered their price target on APA from $30.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Friday, November 8th. Susquehanna lowered their price target on shares of APA from $52.00 to $48.00 and set a “positive” rating for the company in a report on Friday, October 18th. Scotiabank cut their target price on shares of APA from $30.00 to $27.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th. Bernstein Bank reduced their price target on APA from $30.00 to $28.00 in a research report on Friday, October 18th. Finally, Truist Financial reduced their price objective on shares of APA from $36.00 to $33.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, APA has a consensus rating of “Hold” and a consensus price target of $30.65.

APA Price Performance

NASDAQ:APA opened at $23.34 on Monday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.24 and a current ratio of 1.24. The company has a 50-day moving average of $22.81 and a 200-day moving average of $25.21. The company has a market capitalization of $8.63 billion, a price-to-earnings ratio of 3.30 and a beta of 3.16. APA has a 52 week low of $20.32 and a 52 week high of $36.04.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in APA. TD Private Client Wealth LLC grew its stake in 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 buying an additional 540 shares in the last quarter. Wilmington Savings Fund Society FSB increased its holdings in APA by 77.9% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,338 shares of the company’s stock valued at $31,000 after purchasing an additional 586 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in APA by 93.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,614 shares of the company’s stock valued at $37,000 after acquiring an additional 780 shares during the last quarter. Huntington National Bank boosted its stake in shares of APA by 48.8% in the 3rd quarter. Huntington National Bank now owns 1,710 shares of the company’s stock valued at $42,000 after purchasing an additional 561 shares during the last quarter. Finally, Eastern Bank boosted its position in APA by 355.0% during the fourth quarter. Eastern Bank now owns 2,275 shares of the company’s stock valued at $53,000 after acquiring an additional 1,775 shares during the last quarter. 83.01% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Juliet S. Ellis bought 4,391 shares of the stock in a transaction dated Thursday, December 12th. The shares were bought at an average price of $22.78 per share, for a total transaction of $100,026.98. Following the completion of the purchase, the director now owns 12,436 shares in the company, valued at approximately $283,292.08. This trade represents a 54.58 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.30% of the company’s stock.

APA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Wednesday, January 22nd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $1.00 annualized dividend and a dividend yield of 4.28%. APA’s dividend payout ratio is presently 14.12%.

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.