APA Corporation (APA)
NASDAQ: APA · IEX Real-Time Price · USD
32.38
+0.12 (0.37%)
Apr 18, 2024, 3:51 PM EDT - Market open
APA Corporation Stock Forecast
Stock Price Forecast
The 22 analysts with 12-month price forecasts for APA Corporation stock have an average target of 41.91, with a low estimate of 28 and a high estimate of 57. The average target predicts an increase of 29.43% from the current stock price of 32.38.
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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 5 | 5 | 5 | 5 |
| Buy | 3 | 3 | 2 | 2 | 2 | 2 |
| Hold | 8 | 8 | 10 | 10 | 10 | 11 |
| Sell | 1 | 1 | 1 | 1 | 2 | 3 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Total | 18 | 18 | 19 | 19 | 20 | 22 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Morgan Stanley | Morgan Stanley | Sell Initiates $28 | Sell | Initiates | $28 | -13.53% | Apr 15, 2024 |
| JP Morgan | JP Morgan | Hold Maintains $38 → $40 | Hold | Maintains | $38 → $40 | +23.53% | Apr 11, 2024 |
| Barclays | Barclays | Hold Initiates $40 | Hold | Initiates | $40 | +23.53% | Apr 10, 2024 |
| RBC Capital | RBC Capital | Hold Maintains $45 | Hold | Maintains | $45 | +38.97% | Apr 8, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $59 → $53 | Strong Buy | Maintains | $59 → $53 | +63.68% | Apr 5, 2024 |
Financial Forecast
Revenue This Year
8.94B
from 8.19B
Increased by 9.16%
Revenue Next Year
9.87B
from 8.94B
Increased by 10.36%
EPS This Year
4.34
from 9.25
Decreased by -53.10%
EPS Next Year
5.24
from 4.34
Increased by 20.77%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 9.8B | 10.6B | 10.8B |
| Avg | 8.9B | 9.9B | 10.1B |
| Low | 8.4B | 9.2B | 9.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 19.4% | 18.9% | 9.1% |
| Avg | 9.2% | 10.4% | 2.2% |
| Low | 3.0% | 2.3% | -3.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 7.05 | 7.71 | 7.32 | 4.62 | 4.73 |
| Avg | 4.34 | 5.24 | 4.60 | 4.44 | 4.55 |
| Low | 2.14 | 2.33 | 2.26 | 4.31 | 4.41 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -23.8% | 77.6% | 39.7% | 0.4% | 6.3% |
| Avg | -53.1% | 20.8% | -12.2% | -3.5% | 2.3% |
| Low | -76.9% | -46.2% | -56.8% | -6.3% | -0.8% |
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.