NewEdge Advisors LLC raised its stake in shares of APA Corporation (NASDAQ:APA – Free Report) by 22.5% in the second quarter, Holdings Channel.com reports. The fund owned 102,402 shares of the company’s stock after purchasing an additional 18,787 shares during the period. NewEdge Advisors LLC’s holdings in APA were worth $3,335,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in APA. IFP Advisors Inc boosted its position in shares of APA by 12.0% during the second quarter. IFP Advisors Inc now owns 8,146 shares of the company’s stock worth $265,000 after buying an additional 874 shares during the period. Baird Financial Group Inc. grew its stake in shares of APA by 33.8% in the second quarter. Baird Financial Group Inc. now owns 119,331 shares of the company’s stock valued at $3,887,000 after buying an additional 30,139 shares in the last quarter. Allworth Financial LP raised its holdings in shares of APA by 41.1% in the 2nd quarter. Allworth Financial LP now owns 8,102 shares of the company’s stock valued at $264,000 after buying an additional 2,362 shares during the period. Waverly Advisors LLC raised its holdings in shares of APA by 4.3% in the 2nd quarter. Waverly Advisors LLC now owns 9,849 shares of the company’s stock valued at $321,000 after buying an additional 405 shares during the period. Finally, Empirical Finance LLC lifted its stake in APA by 136.8% during the 2nd quarter. Empirical Finance LLC now owns 27,793 shares of the company’s stock worth $905,000 after acquiring an additional 16,056 shares in the last quarter. Institutional investors and hedge funds own 83.01% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the company. Morgan Stanley lowered their target price on APA from $44.00 to $41.00 and set an “underweight” rating for the company in a report on Friday, June 26th. Raymond James Financial increased their price target on shares of APA from $50.00 to $54.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 2nd. Susquehanna raised their price objective on shares of APA from $45.00 to $47.00 and gave the company a “positive” rating in a research note on Tuesday, August 11th. UBS Group lifted their price objective on shares of APA from $41.00 to $47.00 and gave the company a “neutral” rating in a report on Monday. Finally, Argus raised shares of APA from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research note on Wednesday, August 19th. Ten analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, APA currently has a consensus rating of “Hold” and an average target price of $42.97.
APA Stock Up 5.3%
Shares of NASDAQ:APA opened at $47.41 on Wednesday. APA Corporation has a fifty-two week low of $21.63 and a fifty-two week high of $47.44. The firm’s 50 day moving average price is $39.51 and its 200 day moving average price is $37.76. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.47. The stock has a market cap of $16.61 billion, a price-to-earnings ratio of 10.02, a price-to-earnings-growth ratio of 0.79 and a beta of 0.37.
APA (NASDAQ:APA – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.89 EPS for the quarter, missing the consensus estimate of $1.90 by ($0.01). APA had a return on equity of 24.84% and a net margin of 19.48%.The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same quarter last year, the firm earned $0.87 EPS. As a group, equities research analysts predict that APA Corporation will post 5.7 earnings per share for the current fiscal year.
APA News Roundup
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.
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