Streetbeat News

APA

APA Corporation

Industry

Oil & Gas Exploration & Production

APA Corporation, through its subsidiaries, explores for, develops, and produces oil and gas properties. It has operations in the United States, Egypt, and the United Kingdom, as well as has exploration activities offshore Suriname. The company also operates gathering, processing, and transmission assets in West Texas, as well as holds ownership in four Permian-to-Gulf Coast pipelines. APA Corporation was founded in 1954 and is based in Houston, Texas.

Open

22.64

Mkt cap

8.4B

Volume

1.2M

High

22.92

P/E Ratio

3.23

52-wk high

37.82

Low

22.58

Div yield

0.06

52-wk low

21.15

APA Corporation's Q3 earnings missed expectations despite increased production from the Callon buyout. The company repurchased shares and paid significant dividends.

Portfolio Pulse from

November 14, 2024 | 2:30 pm

APA Corporation held its Q3 2024 earnings call, discussing financial results and company performance. Key executives participated, and analysts from various firms were present.

Portfolio Pulse from

November 07, 2024 | 8:30 pm

APA Corporation reported Q3 earnings of $1 per share, missing the Zacks Consensus Estimate of $1.03 per share. This is a decline from $1.33 per share in the same quarter last year.

Portfolio Pulse from

November 07, 2024 | 1:30 am

APA Corporation announced its third-quarter 2024 financial and operational results. Details are available on their website.

Portfolio Pulse from

November 06, 2024 | 11:15 pm

Apache Corporation faced a major setback with its Alpine High project, leading to a $3 billion write-down and a 93% stock price drop. The company misled investors about the site's viability, resulting in a $65 million settlement. Apache has since shifted focus to other projects.

Portfolio Pulse from Stan Vick

October 28, 2024 | 7:08 pm

Crude oil prices dropped over 6% following Israeli airstrikes in Iran, impacting U.S. energy stocks and sector ETFs. The United States Oil Fund (USO) saw a significant decline, and major energy ETFs like XLE, XOP, and OIH also experienced losses. Analysts predict oil prices will remain under pressure due to geopolitical tensions, China's declining demand, and potential OPEC+ production increases.

Portfolio Pulse from Piero Cingari

October 28, 2024 | 1:27 pm

Analysts have provided mixed ratings for APA Corporation (NASDAQ:APA) over the past three months, with a decrease in the average 12-month price target from $40.09 to $36.59. Despite positive financial performance, including a 41.59% revenue growth rate and strong profitability metrics, analysts have generally lowered their price targets, reflecting cautious sentiment.

Portfolio Pulse from Benzinga Insights

October 18, 2024 | 1:00 pm

Susquehanna analyst Biju Perincheril maintains a Positive rating on APA Corporation but lowers the price target from $52 to $48.

Portfolio Pulse from Benzinga Newsdesk

October 18, 2024 | 12:10 pm

APA Corp shares declined following Piper Sandler's decision to lower its price target from $29 to $28.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 3:35 pm

Oil prices plunged over 5% as Israel assured the U.S. it would not target Iranian oil facilities, easing Middle East tensions. This led to a drop in energy stocks and a rally in airlines and cruise lines due to lower fuel costs.

Portfolio Pulse from Piero Cingari

October 15, 2024 | 2:50 pm

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