Johnson Rice has upgraded APA Corp (US) (APA) to Accumulate from Hold, signaling a more favorable outlook for the energy company. This change, effective December 4, 2025, reflects an improved sentiment regarding APA's prospects, potentially indicating stronger fundamentals or enhanced business performance.
Headquartered in Houston, Texas, APA Corp explores for oil and natural gas through its subsidiaries. The company operates across the United States, Egypt, and the United Kingdom, with significant activities in the Permian Basin of West Texas and ongoing exploration in Suriname. Currently, APA Corp boasts a market capitalization of $9.6 billion, a price-to-earnings ratio of 6.33, and an impressive dividend yield of 371.1%.
The recent upgrade comes as analysts continue to assess APA Corp's performance. The company reported a third-quarter EPS of $0.93, exceeding estimates by 16.7%. This follows a trend of positive surprises in earnings, with notable performances in previous quarters.
Upcoming earnings are scheduled for August 4, 2026, with estimates of $0.68 EPS and $1.9 billion in revenue. Analyst ratings reflect a consensus of 21 Hold, 6 Buy, and 3 Strong Buy, indicating a cautious yet optimistic view among market watchers.
As always, while analyst ratings can provide valuable insights, they should be considered alongside a range of factors, including company fundamentals and market conditions.