APA Co. Updates Earnings: Capital One Financial raised its Q3 2024 EPS outlook for APA from $0.70 to $0.95. APA’s expected FY2024 earnings are $3.71 EPS, while FY2025 is projected at $1.42 EPS.
Analyst Ratings: Barclays lowered APA’s price target from $35 to $30, maintaining an “equal weight” rating. Other firms also adjusted their targets: RBC to $41, JPMorgan to $27, Citigroup to $29, and Bernstein to $28. Overall, there are 4 sell ratings, 11 holds, 6 buys, and 1 strong buy. The consensus rating is “Hold” with an average target price of $34.18.
APA Stock Overview
APA shares opened at $25.16. Key metrics include a market cap of $9.34 billion, a P/E ratio of 2.81, and a 12-month price range of $22.72 to $43.58. Recent earnings showed a beat, reporting $1.17 EPS, exceeding expectations.
Dividend Announcement:
APA will pay a quarterly dividend of $0.25 on November 22, with the ex-dividend date on October 22, representing an annual yield of 3.97%.
Institutional Ownership:
Institutional investors own 83.01% of APA. Dimensional Fund Advisors increased its stake by 131.7% recently, and Vanguard Group also raised its holdings by 4.7%.
About APA:
APA Corporation explores and produces natural gas and crude oil, operating in the U.S., Egypt, and North Sea, with interests in Suriname and Uruguay.
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