Brokers Issue Forecasts for APA’s Q2 Earnings (NASDAQ:APA)

APA Corporation (NASDAQ:APA) – Equities research analysts at Zacks Research upped their Q2 2026 earnings per share estimates for APA in a research note issued on Tuesday, May 19th. Zacks Research analyst Team now anticipates that the company will post earnings per share of $0.70 for the quarter, up from their previous forecast of $0.44. Zacks Research has a “Strong-Buy” rating on the stock. The consensus estimate for APA’s current full-year earnings is $5.20 per share. Zacks Research also issued estimates for APA’s Q3 2026 earnings at $0.52 EPS, FY2026 earnings at $3.22 EPS, Q1 2027 earnings at $0.76 EPS, Q2 2027 earnings at $0.65 EPS, FY2027 earnings at $2.42 EPS and Q1 2028 earnings at $1.15 EPS.

APA (NASDAQ:APA) last released its quarterly earnings results on Wednesday, May 6th. The company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.27. The company had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.13 billion. APA had a return on equity of 20.70% and a net margin of 17.38%.The firm’s revenue was down 11.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.06 EPS.

Several other equities analysts also recently commented on the company. Wolfe Research increased their price target on APA from $45.00 to $47.00 and gave the company an “outperform” rating in a report on Monday, April 6th. Piper Sandler upped their price objective on shares of APA from $30.00 to $37.00 and gave the stock a “neutral” rating in a report on Thursday, March 12th. Sanford C. Bernstein boosted their target price on shares of APA from $37.00 to $40.00 and gave the stock a “market perform” rating in a research report on Wednesday. Royal Bank Of Canada upped their price target on shares of APA from $29.00 to $45.00 and gave the company a “sector perform” rating in a report on Wednesday, April 8th. Finally, Roth Mkm raised their price target on APA from $27.00 to $37.00 and gave the company a “neutral” rating in a research report on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seventeen have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $40.08.

APA Stock Down 3.9%

APA opened at $39.32 on Thursday. The business has a 50 day moving average price of $38.62 and a 200 day moving average price of $30.45. APA has a twelve month low of $16.15 and a twelve month high of $45.66. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market cap of $13.90 billion, a P/E ratio of 9.17 and a beta of 0.38.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in APA by 6.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,300 shares of the company’s stock valued at $700,000 after acquiring an additional 2,070 shares during the period. NewEdge Advisors LLC lifted its position in shares of APA by 49.6% in the 1st quarter. NewEdge Advisors LLC now owns 10,785 shares of the company’s stock worth $227,000 after acquiring an additional 3,578 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of APA by 43.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,668,505 shares of the company’s stock worth $56,092,000 after acquiring an additional 806,252 shares during the period. Focus Partners Wealth grew its holdings in shares of APA by 10.6% during the 1st quarter. Focus Partners Wealth now owns 44,833 shares of the company’s stock worth $942,000 after purchasing an additional 4,297 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of APA during the second quarter valued at approximately $5,199,000. Institutional investors own 83.01% of the company’s stock.

Insider Buying and Selling

In related news, Director Matthew Regis Bob sold 23,000 shares of the company’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $36.23, for a total transaction of $833,290.00. Following the completion of the transaction, the director directly owned 6,634 shares in the company, valued at $240,349.82. This represents a 77.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.73% of the stock is currently owned by insiders.

APA News Summary

Here are the key news stories impacting APA this week:

• Positive Sentiment: APA Corporation declared a regular cash dividend on its common shares, which can support investor confidence and income-focused demand. APA Corporation Declares Cash Dividend on Common Shares
• Positive Sentiment: Zacks Research raised earnings estimates for APA across multiple future periods and kept a Strong-Buy rating, signaling improved profit expectations.
• Positive Sentiment: Sanford C. Bernstein lifted its price target on APA to $40 from $37, reflecting a modestly improved valuation view even though the firm kept a Market Perform rating. APA price target raised by Sanford C. Bernstein
• Negative Sentiment: Goldman Sachs raised its price target to $34 but maintained a Sell rating, suggesting continued concern about downside risk. Goldman Sachs price target raised on APA

APA Company Profile

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.