Brokers Offer Predictions for APA’s Q3 Earnings (NASDAQ:APA)

APA Corporation (NASDAQ:APA) – Investment analysts at Zacks Research boosted their Q3 2026 earnings estimates for APA in a report issued on Friday, September 11th. Zacks Research analyst Team now expects that the company will post earnings of $0.66 per share for the quarter, up from their previous forecast of $0.63. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for APA’s current full-year earnings is $5.70 per share. Zacks Research also issued estimates for APA’s FY2026 earnings at $4.47 EPS, Q1 2027 earnings at $0.99 EPS, Q3 2027 earnings at $0.79 EPS, Q4 2027 earnings at $0.88 EPS and FY2028 earnings at $3.61 EPS.

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

A number of other equities analysts also recently issued reports on APA. Argus upgraded APA from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research report on Wednesday, August 19th. Seaport Research Partners initiated coverage on APA in a report on Thursday, September 3rd. They issued a “neutral” rating on the stock. Morgan Stanley decreased their target price on shares of APA from $44.00 to $41.00 and set an “underweight” rating for the company in a research report on Friday, June 26th. Susquehanna raised their price target on shares of APA from $45.00 to $47.00 and gave the stock a “positive” rating in a report on Tuesday, August 11th. Finally, KeyCorp set a $46.00 price target on shares of APA in a research report on Wednesday, August 12th. Ten analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $42.97.

APA Trading Up 5.3%

NASDAQ APA opened at $47.41 on Monday. The business’s 50-day moving average price is $39.51 and its two-hundred day moving average price is $37.76. APA has a 12 month low of $21.63 and a 12 month high of $47.44. The firm has a market capitalization of $16.61 billion, a PE ratio of 10.02, a price-to-earnings-growth ratio of 0.79 and a beta of 0.37. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.47.

Hedge Funds Weigh In On APA

A number of institutional investors and hedge funds have recently modified their holdings of APA. BlackRock Inc. acquired a new position in shares of APA during the 2nd quarter valued at $1,173,231,000. Dimensional Fund Advisors LP grew its holdings in APA by 6.9% in the first quarter. Dimensional Fund Advisors LP now owns 16,376,952 shares of the company’s stock worth $695,099,000 after purchasing an additional 1,055,016 shares during the period. Goldman Sachs Group Inc. grew its holdings in APA by 76.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 7,171,963 shares of the company’s stock worth $175,426,000 after purchasing an additional 3,117,032 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in APA by 1,726.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 4,834,502 shares of the company’s stock valued at $205,176,000 after purchasing an additional 4,569,779 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in APA by 55.0% in the first quarter. First Trust Advisors LP now owns 4,154,301 shares of the company’s stock valued at $176,309,000 after purchasing an additional 1,473,626 shares in the last quarter. 83.01% of the stock is currently owned by institutional investors.

Key APA News

Here are the key news stories impacting APA this week:

• Positive Sentiment: Zacks Research raised its APA EPS forecasts for Q4 2026 to $0.53 from $0.50, Q2 2027 to $0.93 from $0.77, and FY2027 to $3.59 from $3.16. These upward revisions suggest improved expectations for earnings momentum over the next several reporting periods. Zacks Research Analysts Raise Earnings Estimates for APA
• Positive Sentiment: APA was highlighted in a Zacks industry outlook covering W&T Offshore, APA and Diamondback, while a separate Zacks analysis characterized APA as a strong value stock. The company’s low valuation metrics, including a reported price-to-earnings ratio below 9, may be attracting value-oriented investors. Zacks Industry Outlook W&T Offshore, APA and Diamondback Here’s Why APA is a Strong Value Stock
• Neutral Sentiment: The latest revisions leave Zacks’ current full-year consensus EPS estimate at $5.71. APA’s most recent quarter showed solid profitability and year-over-year EPS growth, but revenue and EPS slightly missed analyst expectations, limiting the strength of the bullish case.
• Negative Sentiment: Zacks Research cut its Q1 2028 EPS estimate to $0.79 from $0.99 and its Q2 2028 estimate to $0.75 from $0.82. The longer-term reductions point to potential moderation in earnings growth and may weigh on upside if investors focus beyond the near-term improvements.

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.