APA Co. (NASDAQ:APA) recently received an upgraded earnings forecast from Capital One Financial, increasing their Q3 2024 EPS estimate from $0.70 to $0.95. The full-year earnings consensus for APA is $3.97 per share. Additionally, Capital One estimates earnings of $0.80 for Q4 2024 and between $0.33 and $0.37 for FY2025.
Barclays lowered their price target for APA from $35 to $30. Other firms, including Royal Bank of Canada and JPMorgan, have also adjusted their estimates, leading to a consensus rating of “Hold” and an average target price of $34.18.
APA Price Performance
APA shares opened at $25.16. The company has a market cap of $9.34 billion, a high of $43.58 and a low of $22.72 in the last year, and reported EPS of $1.17 in their last earnings, exceeding expectations.
Dividend Announcement
APA will pay a quarterly dividend of $0.25 on November 22, to shareholders recorded by October 22, showing a yield of 3.97%.
Institutional Investment Insights
Institutional investors now own 83.01% of APA. Dimensional Fund Advisors increased their holdings by 131.7%, while Vanguard and other firms also raised their stakes recently.
About APA
APA Corporation is an independent energy company engaged in the exploration and production of oil and gas in the U.S., Egypt, and the North Sea, with additional activities in Suriname, Uruguay, and beyond.
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