--- title: "Patient Capital Management LLC Takes Position in APA Corporation $APA" type: "News" locale: "en" url: "https://longbridge.com/en/news/296774327.md" description: "Patient Capital Management LLC initiated a new position in APA Corporation (NASDAQ:APA) during Q2, acquiring 50,000 shares valued at approximately $1.63 million, per SEC filings. Other institutional investors, including Cibc World Market and OMERS, also increased their stakes in APA this quarter. Meanwhile, analysts have adjusted price targets; Susquehanna raised its target to $47 with a positive rating, while Morgan Stanley lowered it to $41 with an underweight rating. The consensus rating remains 'Hold' with an average target of $41.50." datetime: "2026-08-24T10:41:41.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296774327.md) - [en](https://longbridge.com/en/news/296774327.md) - [zh-HK](https://longbridge.com/zh-HK/news/296774327.md) generator: "portal-rs" --- # Patient Capital Management LLC Takes Position in APA Corporation $APA Patient Capital Management LLC acquired a new position in shares of APA Corporation (NASDAQ:APA - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 50,000 shares of the company's stock, valued at approximately $1,628,000. - Why One Energy Expert Is Betting on These 3 Oil Stocks Now A number of other hedge funds and other institutional investors also recently made changes to their positions in APA. Cibc World Market Inc. bought a new stake in APA in the second quarter valued at approximately $1,602,000. OMERS ADMINISTRATION Corp acquired a new position in shares of APA in the 2nd quarter worth approximately $2,990,000. Sanctuary Advisors LLC bought a new stake in shares of APA in the 2nd quarter valued at $742,000. Bank of Nova Scotia acquired a new stake in shares of APA during the second quarter worth $870,000. Finally, Compass Financial Management LLC acquired a new stake in shares of APA during the second quarter worth $33,000. 83.01% of the stock is owned by institutional investors and hedge funds. ## APA Price Performance APA stock opened at $43.39 on Monday. The firm has a market capitalization of $15.20 billion, a PE ratio of 9.17, a P/E/G ratio of 0.78 and a beta of 0.35. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.47. APA Corporation has a twelve month low of $20.71 and a twelve month high of $45.66. The stock's 50 day moving average is $35.97 and its 200-day moving average is $35.86. - 3 Oil Stocks Rebounding Off Multi-Month Lows APA (NASDAQ:APA - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $1.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.90 by ($0.01). APA had a return on equity of 24.84% and a net margin of 19.48%.The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter last year, the company posted $0.87 EPS. Sell-side analysts expect that APA Corporation will post 5.54 EPS for the current fiscal year. ## APA News Summary Here are the key news stories impacting APA this week: - Positive Sentiment: **Argus upgraded APA to Buy**, providing a stronger analyst endorsement for the oil and gas producer and potentially supporting investor sentiment. APA Raised to Buy at Argus - Positive Sentiment: **Zacks Research raised multiple earnings forecasts**: FY2026 EPS increased to $4.40 from $4.22, FY2027 to $3.16 from $2.99, FY2028 to $3.59 from $3.38, Q1 2027 to $0.94 from $0.84, Q3 2027 to $0.72 from $0.68, and Q4 2027 to $0.73 from $0.69. These revisions indicate improved expectations for APA’s medium-term earnings performance. - Neutral Sentiment: Zacks maintained a **Hold** rating despite the higher estimates. The revisions remain below the consensus full-year estimate of $5.27 EPS for the current fiscal year, suggesting analysts see upside in longer-term forecasts but not enough evidence for a more decisive rating change. APA analyst estimates - Negative Sentiment: **Q1 2028 EPS expectations were reduced** to $0.99 from $1.03, partially offsetting the broader upward revisions and highlighting uncertainty around future commodity prices, production levels, and operating costs. ## Analysts Set New Price Targets A number of analysts have weighed in on APA shares. Susquehanna increased their price target on APA from $45.00 to $47.00 and gave the stock a "positive" rating in a report on Tuesday, August 11th. Morgan Stanley cut their target price on APA from $44.00 to $41.00 and set an "underweight" rating on the stock in a research report on Friday, June 26th. Stephens lifted their target price on APA from $43.00 to $47.00 in a report on Wednesday, June 10th. Capital One Financial increased their price target on APA from $50.00 to $51.00 and gave the stock an "overweight" rating in a report on Tuesday, May 12th. Finally, JPMorgan Chase & Co. raised their price objective on shares of APA from $38.00 to $41.00 in a research report on Friday, May 8th. Ten research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $41.50. **Get Our Latest Analysis on APA** ## APA Profile (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. ## Read More - Five stocks we like better than APA - VIG, VYM, and VYMI: Which Vanguard Dividend ETF Is Right for You? - 3 Closed-End Funds to Maximize Dividend Payments - Rocket Lab's Sell-Off Is Fading—Is It Finally Safe to Buy? - $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over **Want to see what other hedge funds are holding APA?** Visit HoldingsChannel.com to get the latest 13F filings and insider trades for APA Corporation (NASDAQ:APA - Free Report). *This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.* Continue following MarketBeat Add MarketBeat as your preferred source on Google to see our latest stories in your feed. Add As Preferred Source ## Should You Invest $1,000 in APA Right Now? Before you consider APA, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and APA wasn't on the list. While APA currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks Here ### Related Stocks - [APA.US](https://longbridge.com/en/quote/APA.US.md) - [CM.US](https://longbridge.com/en/quote/CM.US.md) - [BNS.US](https://longbridge.com/en/quote/BNS.US.md) - [MS.US](https://longbridge.com/en/quote/MS.US.md) - [COF.US](https://longbridge.com/en/quote/COF.US.md) - [JPM.US](https://longbridge.com/en/quote/JPM.US.md) - [MS-O.US](https://longbridge.com/en/quote/MS-O.US.md) - [MS-Q.US](https://longbridge.com/en/quote/MS-Q.US.md) - [MS-E.US](https://longbridge.com/en/quote/MS-E.US.md) - [MS-I.US](https://longbridge.com/en/quote/MS-I.US.md) - [MS-L.US](https://longbridge.com/en/quote/MS-L.US.md) - [MS-P.US](https://longbridge.com/en/quote/MS-P.US.md) - [MS-A.US](https://longbridge.com/en/quote/MS-A.US.md) - [MS-F.US](https://longbridge.com/en/quote/MS-F.US.md) - [MS-K.US](https://longbridge.com/en/quote/MS-K.US.md) - [COF-N.US](https://longbridge.com/en/quote/COF-N.US.md) - [COF-J.US](https://longbridge.com/en/quote/COF-J.US.md) - [COF-I.US](https://longbridge.com/en/quote/COF-I.US.md) - [JPM-M.US](https://longbridge.com/en/quote/JPM-M.US.md) - [JPM-C.US](https://longbridge.com/en/quote/JPM-C.US.md) - [JPM-D.US](https://longbridge.com/en/quote/JPM-D.US.md) - [JPM-L.US](https://longbridge.com/en/quote/JPM-L.US.md) - [8634.JP](https://longbridge.com/en/quote/8634.JP.md) - [JPM-K.US](https://longbridge.com/en/quote/JPM-K.US.md) - [JPM-J.US](https://longbridge.com/en/quote/JPM-J.US.md) ## Related News & Research - [APA Corp announces Q3 2026 distribution of R$ 0.87 per unit](https://longbridge.com/en/news/297039472.md) - [Vise Technologies Inc. Acquires New Holdings in APA Corporation $APA](https://longbridge.com/en/news/296678773.md) - [Corient Private Wealth LP Buys New Shares in APA Corporation $APA](https://longbridge.com/en/news/297482212.md) - [Exchange Traded Concepts LLC Boosts Holdings in APA Corporation $APA](https://longbridge.com/en/news/295901605.md) - [Is APA’s Higher 2026 Output Guidance Altering The Investment Case For APA (APA)?](https://longbridge.com/en/news/296172892.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**