APA Corporation (APA)
NASDAQ: APA · IEX Real-Time Price · USD
29.36
-0.27 (-0.91%)
At close: Jul 2, 2024, 4:00 PM
29.26
-0.10 (-0.34%)
After-hours: Jul 2, 2024, 7:50 PM EDT
APA Corporation Stock Forecast
Stock Price Forecast
The 22 analysts with 12-month price forecasts for APA Corporation stock have an average target of 40.59, with a low estimate of 28 and a high estimate of 57. The average target predicts an increase of 38.25% from the current stock price of 29.36.
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for APA stock from 22 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 5 | 5 | 4 | 4 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 10 | 10 | 10 | 10 | 10 | 11 |
| Sell | 1 | 1 | 2 | 3 | 3 | 4 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Total | 19 | 19 | 20 | 21 | 20 | 22 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| B of A Securities | B of A Securities | Sell Initiates $31 | Sell | Initiates | $31 | +5.59% | Jun 14, 2024 |
| Evercore ISI Group | Evercore ISI Group | Buy → Hold Downgrades $52 → $39 | Buy → Hold | Downgrades | $52 → $39 | +32.83% | Jun 14, 2024 |
| Citigroup | Citigroup | Hold Maintains $35 → $33 | Hold | Maintains | $35 → $33 | +12.40% | May 24, 2024 |
| Wells Fargo | Wells Fargo | Buy Maintains $53 → $52 | Buy | Maintains | $53 → $52 | +77.11% | May 22, 2024 |
| Mizuho | Mizuho | Sell Maintains $34 → $35 | Sell | Maintains | $34 → $35 | +19.21% | May 21, 2024 |
Financial Forecast
Revenue This Year
9.28B
from 8.19B
Increased by 13.29%
Revenue Next Year
10.02B
from 9.28B
Increased by 7.99%
EPS This Year
4.33
from 9.25
Decreased by -53.17%
EPS Next Year
4.90
from 4.33
Increased by 13.18%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 10.3B | 11.1B | 10.6B |
| Avg | 9.3B | 10.0B | 9.6B |
| Low | 8.6B | 9.3B | 8.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 26.1% | 19.3% | 6.1% |
| Avg | 13.3% | 8.0% | -4.7% |
| Low | 4.5% | 0.0% | -15.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 6.53 | 7.66 | 7.51 | 5.06 | 6.28 |
| Avg | 4.33 | 4.90 | 4.62 | 4.13 | 5.19 |
| Low | 2.54 | 2.21 | 1.80 | 3.28 | 4.21 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -29.4% | 76.8% | 53.3% | 9.6% | 52.2% |
| Avg | -53.2% | 13.2% | -5.8% | -10.7% | 25.8% |
| Low | -72.6% | -49.1% | -63.2% | -28.9% | 2.1% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.