Key Points
- APA VP Mark Maddox sold 9,800 shares on May 20 at an average price of $40.04, totaling about $392,392. After the sale, he still held 66,810 shares, reducing his position by 12.79%.
- APA reported stronger-than-expected quarterly results, posting EPS of $1.38 versus the $1.11 consensus and revenue of $2.33 billion versus $2.13 billion expected. However, revenue was still down 11.7% from a year earlier.
- The company announced a quarterly dividend of $0.25 per share, payable August 21, for an annualized dividend of $1.00 and a yield of 2.6%. Institutional ownership remains high at 83.01%, and analysts currently rate the stock a consensus Hold.
APA Corporation (NASDAQ:APA - Get Free Report) VP Mark Maddox sold 9,800 shares of APA stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $40.04, for a total transaction of $392,392.00. Following the sale, the vice president directly owned 66,810 shares in the company, valued at approximately $2,675,072.40. This trade represents a 12.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
APA Trading Up 1.2%
Shares of APA opened at $38.80 on Friday. APA Corporation has a 52-week low of $16.25 and a 52-week high of $45.66. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.58. The firm's fifty day moving average is $38.87 and its two-hundred day moving average is $30.62. The stock has a market cap of $13.71 billion, a PE ratio of 9.04 and a beta of 0.38.
APA (NASDAQ:APA - Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.27. The firm had revenue of $2.33 billion for the quarter, compared to analysts' expectations of $2.13 billion. APA had a net margin of 17.38% and a return on equity of 20.70%. The company's revenue was down 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.06 EPS. Research analysts forecast that APA Corporation will post 5 earnings per share for the current fiscal year.
APA Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Wednesday, July 22nd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, July 22nd. This represents a $1.00 annualized dividend and a dividend yield of 2.6%. APA's payout ratio is presently 23.31%.
Trending Headlines about APA
Here are the key news stories impacting APA this week:
- Positive Sentiment: Zacks Research raised multiple earnings forecasts for APA, including FY2026, FY2027, and several quarterly estimates, suggesting improved profitability expectations.
- Positive Sentiment: Morgan Stanley increased its price target on APA to $44 from $43, indicating slightly better valuation expectations despite the cautious rating. Article Title
- Positive Sentiment: APA declared a quarterly dividend of $0.25 per share, which may appeal to income-focused investors and support the stock.
- Neutral Sentiment: APA management discussed the company in a shareholder/analyst call transcript, but no major new catalyst was highlighted in the provided excerpt. Article Title
- Negative Sentiment: VP Mark D. Maddox sold 9,800 shares, a insider sale that can be viewed cautiously by investors. Article Title
- Neutral Sentiment: An energy-sector article about Shell divesting Uruguay offshore interests is more relevant to the broader industry than to APA specifically. Article Title
Wall Street Analyst Weigh In
APA has been the topic of several recent research reports. Mizuho boosted their price target on shares of APA from $29.00 to $32.00 and gave the company an "underperform" rating in a research report on Thursday, May 7th. Raymond James Financial boosted their price target on shares of APA from $31.00 to $45.00 and gave the company an "outperform" rating in a research report on Wednesday, March 25th. Jefferies Financial Group boosted their price target on shares of APA from $26.00 to $36.00 and gave the company a "hold" rating in a research report on Monday, April 13th. Evercore boosted their price target on shares of APA from $25.00 to $40.00 and gave the company a "neutral" rating in a research report on Tuesday, March 24th. Finally, Royal Bank Of Canada boosted their price target on shares of APA from $29.00 to $45.00 and gave the company a "sector perform" rating in a research report on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seventeen have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $40.12.
Get Our Latest Analysis on APA
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of APA. Arrowstreet Capital Limited Partnership lifted its position in APA by 1,726.2% in the first 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 last quarter. Goldman Sachs Group Inc. lifted its position in APA by 76.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 7,171,963 shares of the company's stock valued at $175,426,000 after buying an additional 3,117,032 shares during the last quarter. AQR Capital Management LLC lifted its position in APA by 157.1% in the second quarter. AQR Capital Management LLC now owns 3,060,135 shares of the company's stock valued at $55,970,000 after buying an additional 1,869,891 shares during the last quarter. Morgan Stanley increased its stake in APA by 21.8% during the fourth quarter. Morgan Stanley now owns 10,425,586 shares of the company's stock worth $255,010,000 after purchasing an additional 1,864,900 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in APA by 13.6% during the third quarter. Dimensional Fund Advisors LP now owns 14,030,230 shares of the company's stock worth $340,657,000 after purchasing an additional 1,674,739 shares during the period. Institutional investors and hedge funds own 83.01% of the company's stock.
About APA
(
Get Free Report)
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.
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