APA Co. (NASDAQ:APA – Free Report) received a boost in EPS estimates for Q3 2024 from Capital One Financial, which increased its forecast from $0.70 to $0.95. The full-year earnings consensus is now $3.97 per share. They also projected Q4 2024 earnings at $0.80, total FY2024 earnings at $3.71, and FY2025 earnings at $1.42.
In related news, several firms adjusted their price targets for APA. Barclays lowered its target from $35.00 to $30.00, while JPMorgan cut its target from $36.00 to $27.00. Similarly, Citigroup and Bernstein Bank also lowered their targets. Currently, analysts rate APA with four ‘sell’, eleven ‘hold’, six ‘buy’, and one ‘strong buy’, leading to an average target price of $34.18.
APA Price Overview
Shares of NASDAQ APA opened at $25.16. The company has a market cap of $9.34 billion, a P/E ratio of 2.81, and a 12-month stock range of $22.72 to $43.58. Their latest earnings report showed $1.17 EPS, exceeding estimates of $0.95, with a revenue of $2.54 billion.
Dividend Information
APA will pay a quarterly dividend of $0.25 on November 22nd, with the record date on October 22nd, yielding an annualized $1.00 at 3.97%.
Investor Activity
Institutional investors own 83.01% of APA. Dimensional Fund Advisors increased its stake by 131.7% and Vanguard Group increased theirs by 4.7% in recent quarters.
About APA
APA Corporation explores and produces natural gas and crude oil in the U.S., Egypt, and the North Sea, with additional activities in Suriname and projects overseas.
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