Mizuho Raises APA Price Target to $44
Mizuho continues to rate APA Corporation as Underperform with a revised price target, a 9.75% downside from the current price.
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Mizuho raised its price target on APA Corporation ($APA) to $44 from $36 on October 15, 2026, and rates the stock "Underperform".
Since the rating, $APA is up 4.1% to date (from the $47.23 close on Oct 15, 2026).
APA
APA Corporation
Key Points
- Mizuho has reiterated its Underperform rating on APA Corporation, setting a price target of $44 while the stock closed at $48.76.
- Mizuho's $44 price target implies 9.75% downside from APA Corporation's ($APA) current $48.76 share price.
- The stock trades above its 52-week high of $47.44, suggesting potential challenges ahead.
- Analyst consensus gives a hold recommendation with a mean price target of $45.96 from 25 analyst opinions.
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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated APA Corporation alert may contain errors. Disclosures
APA Corporation is currently facing a cautious outlook from Mizuho, which has reiterated its Underperform rating. The price target was raised from $36.00 to $44.00 as of October 15, 2026. The stock recently closed at $48.76, indicating a gap that could reflect concerns over future performance.
Mizuho vs. the S&P 500
Hypothetical returns from Mizuho's disclosed trades, not real profit or advice. How we model this.
Other Institutional Activity in APA
Several other institutional investors have adjusted their positions in APA Corporation. Blackrock Inc. increased its holdings by 2,242,920 shares, bringing its total to 36,021,838 shares valued at about $1.76 billion. State Street Corporation added 377,027 shares, ending with 25,181,423 shares worth approximately $1.23 billion. Meanwhile, Hotchkis & Wiley Capital Management decreased its position by 320,155 shares, totaling 31,695,303 shares worth around $1.55 billion.
APA Corporation Stock Up 8.7%
As of this Friday, APA Corporation's stock trades at $48.76, which is significantly above its 50-day moving average of $40.19 and close to its 52-week high of $47.44. This positioning could signify a challenging environment ahead for the company as analysts remain cautious.
$APA price target
APA Corporation daily closes and this analyst's $44 target. Not advice.
Recent Earnings
In its most recent earnings report, APA Corporation posted revenue of approximately $8.57 billion, reflecting a 9.2% increase year-over-year. The earnings per share (EPS) stood at $4.74, with a net margin of 19.56%. The next earnings report is expected on November 4, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
5 target raises vs 1 cuts.
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EPS & revenue
EPS beat estimates by 21.9%. Revenue beat estimates by 8.0%.
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Profit surprise
EBITDA beat by 18 percent. Operating income beat by 37 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
5 target raises, 1 target cut.
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Earnings quality
Gross margin up 58.5 points. Operating margin up 13.6 points. Positive free cash flow.
Earnings Call Summary
APA delivered a strong first quarter with $2.3 billion in revenue and $1.38 in earnings per share, beating consensus expectations. The Permian is running more efficiently with fewer rigs and lower costs while still producing more oil. Egypt benefited from gas development and improved operations, generating nearly $500 million in free cash flow. The company is focused on paying down debt toward a $3 billion target and returning cash to shareholders while advancing the Suriname project toward first oil in 2028.
Guidance The company expects about $2.2 billion in free cash flow for the full year and plans to keep capital spending at $2.1 billion. They raised their U.S. oil production goal to 122,000 barrels per day but lowered Egypt adjusted volumes because higher oil prices reduce the volumes they can count under their contract terms. They still expect about $1.1 billion from their gas trading business.
Clearly positive report. Results were better than expected, though the forward reset is not the strongest.
Insider Buying and Selling at APA Corporation
No recent insider trading activity has been reported for APA Corporation.
Analysts Set New Price Targets
On October 15, 2026, analysts were busy adjusting their ratings for APA Corporation. Scotiabank initiated coverage with a Sector Perform rating and a target of $44.00. Mizuho maintained its Underperform rating with its new target of $44.00. Meanwhile, Morgan Stanley kept an Underweight rating, raising its target from $41.00 to $43.00. RBC Capital also maintained a Sector Perform rating, adjusting its target from $47.00 to $49.00, while Wells Fargo raised its Equal-Weight rating target from $50.00 to $51.00. The consensus from analysts suggests a hold recommendation with a mean price target of $45.96 from 25 opinions.
About APA Corporation
APA Corporation is an independent energy firm that explores, develops, and produces natural gas, crude oil, and natural gas liquids. The company operates mainly in the United States, Egypt, and the North Sea, with additional exploration activities in Suriname and Uruguay. Founded in 1954 and based in Houston, Texas, APA continues to navigate a complex energy market.
Bottom Line
Investors should watch for the upcoming earnings report on November 4, 2026, as the company navigates a challenging market. This latest 13F filing reflects past holdings and may not show current positions. Mizuho’s cautious stance and raised price target could signal ongoing concerns for APA Corporation as it moves forward.
Related Filing Alerts
Source: Mizuho's rating change on $APA (Oct 15, 2026). Written by software, not financial advice. How we make alerts