Heron Bay Capital Management Invests $515,000 in APA Corporation $APA

Heron Bay Capital Management purchased a new position in shares of APA Corporation (NASDAQ:APA) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 15,809 shares of the company’s stock, valued at approximately $515,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in APA in the 2nd quarter worth approximately $1,173,231,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of APA by 1,726.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,834,502 shares of the company’s stock valued at $205,176,000 after buying an additional 4,569,779 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of APA during the 2nd quarter valued at $134,558,000. Goldman Sachs Group Inc. grew its holdings in shares of APA by 76.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 7,171,963 shares of the company’s stock valued at $175,426,000 after acquiring an additional 3,117,032 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of APA by 157.1% in the second quarter. AQR Capital Management LLC now owns 3,060,135 shares of the company’s stock worth $55,970,000 after acquiring an additional 1,869,891 shares during the last quarter. 83.01% of the stock is owned by hedge funds and other institutional investors.

APA Stock Down 2.3%

APA stock opened at $43.39 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.47. APA Corporation has a 1 year low of $20.71 and a 1 year high of $45.66. The company has a fifty day simple moving average of $35.97 and a 200 day simple moving average of $35.79. The firm has a market cap of $15.20 billion, a PE ratio of 9.17, a PEG ratio of 0.80 and a beta of 0.35.

APA (NASDAQ:APA) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $1.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.01). The business had revenue of $2.37 billion during 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 quarter in the prior year, the company posted $0.87 earnings per share. Sell-side analysts anticipate that APA Corporation will post 5.54 EPS for the current fiscal year.

Analysts Set New Price Targets

APA has been the subject of several recent research reports. Stephens increased their price objective on APA from $43.00 to $47.00 in a report on Wednesday, June 10th. The Goldman Sachs Group lowered their target price on APA from $34.00 to $32.00 and set a “sell” rating on the stock in a research note on Tuesday, June 30th. BMO Capital Markets dropped their target price on APA from $47.00 to $45.00 and set a “market perform” rating on the stock in a research report on Wednesday, May 13th. Susquehanna upped their target price on APA from $45.00 to $47.00 and gave the stock a “positive” rating in a research report on Tuesday, August 11th. Finally, Argus raised APA from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research note on Wednesday. Ten research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $41.50.

Key Stories Impacting APA

Here are the key news stories impacting APA this week:

• Positive Sentiment: Argus upgraded APA to Buy, providing a stronger analyst endorsement for the oil and gas producer and potentially supporting investor sentiment. APA Raised to Buy at Argus
• Positive Sentiment: Zacks Research raised multiple earnings forecasts: FY2026 EPS increased to $4.40 from $4.22, FY2027 to $3.16 from $2.99, FY2028 to $3.59 from $3.38, Q1 2027 to $0.94 from $0.84, Q3 2027 to $0.72 from $0.68, and Q4 2027 to $0.73 from $0.69. These revisions indicate improved expectations for APA’s medium-term earnings performance.
• Neutral Sentiment: Zacks maintained a Hold rating despite the higher estimates. The revisions remain below the consensus full-year estimate of $5.27 EPS for the current fiscal year, suggesting analysts see upside in longer-term forecasts but not enough evidence for a more decisive rating change. APA analyst estimates
• Negative Sentiment: Q1 2028 EPS expectations were reduced to $0.99 from $1.03, partially offsetting the broader upward revisions and highlighting uncertainty around future commodity prices, production levels, and operating costs.

APA 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.