Streetbeat News

APA

APA Corporation

https://apacorp.com

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

19.29

Mkt cap

7.1B

Volume

5.5M

High

19.65

P/E Ratio

8.64

52-wk high

36.05

Low

19.10

Div yield

0.05

52-wk low

17.66

TotalEnergies (TTE) and APA Corporation (APA) are nearing a Final Investment Decision (FID) for developing offshore Block 58 in Suriname, expected in Q4 2024. Production is set to begin in 2028, with significant advancements in engineering studies and resource estimation. Investors can gain exposure via the First Trust ETF (EIPX).

Portfolio Pulse from Lekha Gupta

June 05, 2024 | 3:17 pm

Shares of several oil & gas companies are trading lower following an OPEC+ meeting in which members announced they would start phasing out voluntary production cuts in October.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 6:08 pm

Shares of oil and gas companies are trading lower amid a drop in the price of crude.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 4:00 pm

In the last three months, 21 analysts have published ratings on APA (NASDAQ:APA), showing a range of perspectives from bullish to bearish. The average 12-month price target is $40.95, reflecting a 2.22% increase from the previous average. Recent analyst actions include both raises and lowers in ratings and price targets, indicating mixed sentiments. APA faces challenges in revenue growth and net margin but shows strong return on equity.

Portfolio Pulse from Benzinga Insights

May 24, 2024 | 4:01 pm

Citigroup analyst Scott Gruber maintains a Neutral rating on APA (NASDAQ:APA) but lowers the price target from $35 to $33.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 3:44 pm

Wells Fargo analyst Roger Read maintains an Overweight rating on APA (NASDAQ:APA) but lowers the price target from $53 to $52.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 2:15 pm

Mizuho analyst William Janela maintains an Underperform rating on APA (NASDAQ:APA) but raises the price target from $34 to $35.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 12:26 pm

APA Corporation announced that its subsidiary, Apache, along with other subsidiaries, will sell non-core properties, generating proceeds of over $700 million.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 8:19 pm

Piper Sandler analyst Mark Lear maintains a Neutral rating on APA Corporation (NASDAQ:APA) and lowers the price target from $35 to $33.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 11:48 am

Mizuho analyst William Janela has maintained an Underperform rating on APA Corporation (NASDAQ:APA) while raising the price target from $32 to $34.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 2:54 pm

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