APA Corporation (APA) earnings on May 6, 2026
Prior outlook: Pessimistic Outcome: Accurate
The stock price dropped sharply after the earnings report and remained lower. This decline was expected given the negative outlook before the announcement.
APA price around the earnings
36.92
Change: -3.6%
2026-05-07, 23:56 UTC
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- End of the measured window
- Market open
- No trading (market closed)
- Starting price
Prior thesis
Prior outlook: Pessimistic Outcome: Accurate
- Thesis published
Mixed outlook: analyst targets positive, but recent performance lags.
Analysts are raising their price targets, suggesting a potential upside, and positive news around the oil sector supports this view. However, the stock has recently underperformed compared to the broader market.
Context analyzed before publication
- Summary
- Mixed outlook: analyst targets positive, but recent performance lags.
- Reasoning
- Analysts are raising their price targets, citing a potential optimistic scenario, and positive news around the oil sector supports this view. However, the stock has recently underperformed compared to the broader market.
- Playbook
- The positive analyst sentiment is a potential support level. The stock's ability to regain strength relative to the market is a key factor.
- Trend
- Recent bounce, but longer-term trend is negative.
Analysts
Drivers
-
Analysts
Positive
Some analysts have increased their price targets, pointing to an optimistic scenario for the stock. This provides a baseline of support.
Evidence
- Analyst consensus
- Hold
- Consensus average (1-5)
- 2.86
- Analysts covering the stock
- 27
- Average price target
- 41.3
- Lowest price target
- 29
- Highest price target
- 56
- Upside to price target
- 6.2%
- Quarterly earnings growth
- -21.2%
- Revenue growth
- -28%
- Forward EPS
- 4.03
- Trailing EPS
- 3.99
- Analyst moves in the last 60 days
- 10
- Strong buy: 3
- Buy: 5
- Hold: 15
- Sell: 4
- Strong sell: 1
- Strong buy
- 3
- Buy
- 5
- Hold
- 15
- Sell
- 4
- Strong sell
- 1
- April 22, 2026 · Scotiabank: Maintains rating (Sector Perform → Sector Perform)
- April 20, 2026 · Truist Securities: Maintains rating (Hold → Hold)
- April 17, 2026 · UBS: Maintains rating (Neutral → Neutral)
- April 9, 2026 · Wells Fargo: Maintains rating (Equal-Weight → Equal-Weight)
- March 30, 2026 · Citigroup: Maintains rating (Neutral → Neutral)
- March 27, 2026 · Morgan Stanley: Maintains rating (Underweight → Underweight)
- March 24, 2026 · Truist Securities: Initiates coverage (Buy → Hold)
- March 23, 2026 · Barclays: Upgrades rating (Underweight → Equal-Weight)
- March 17, 2026 · Mizuho: Maintains rating (Underperform → Underperform)
- March 16, 2026 · Barclays: Maintains rating (Underweight → Underweight)
News and sentiment
Drivers
-
News & sentiment
Positive
Positive news about the oil industry and higher analyst targets are contributing to a favorable outlook.
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- Low
- Normalized volume
- 29.7%
News
Sources (3)
- Scotiabank Maintains Sector Perform on APA, Raises Price Target to $36 — Benzinga
- Truist Securities Maintains Hold on APA, Raises Price Target to $39 — Benzinga
- UBS Maintains Neutral on APA, Raises Price Target to $45 — Benzinga
Technicals
Drivers
-
Technical
Negative
While short-term momentum is positive, the longer-term trend is weakening. The stock is also not keeping pace with the overall market.
Evidence
- Average true range (ATR)
- 4.6%
- Distance to 52-week high
- -14.8%
- 14-day change (14d)
- +9.1%
- 30-day change
- -5.7%
- 30-day relative strength
- -17.8%
- Benchmark change
- +12.1%
- Nearest support
- 33.44
- Nearest resistance
- 45.6
- Volume accumulation ratio
- 0.78
Trends
Evidence
- Average earnings surprise
- +42.0%
- February 25, 2026: actual EPS 0.91 vs estimate 0.64 (surprise +41.7%)
- November 5, 2025: actual EPS 0.93 vs estimate 0.79 (surprise +17.6%)
- August 5, 2025: actual EPS 0.87 vs estimate 0.48 (surprise +79.5%)
- May 6, 2025: actual EPS 1.06 vs estimate 0.82 (surprise +29.2%)
Expected move
Drivers
-
Past earnings
Positive
The company has a strong history of exceeding earnings expectations, indicating solid past performance.
There is no implied-move data available for this event.
Reactions over its last 19 earnings
- Median move
- 3.5%
- 75th percentile move
- 6%
- 90th percentile move
- 9.5%
- Up / down moves
- 10 / 9
- Average up move
- +3.5%
- Average down move
- -5.4%
Monitoring and close
What APA Corporation reported
There is no monitoring data available for this event.
Pre-market second reading after the results
There is no second reading available for this event.
How the stock reacted
- Outcome
- Accurate
- Consolidated
- -5.4%
- Max favorable move (MFE)
- 7.6%
- Max adverse move (MAE)
- 0.1%