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

APA Corporation and TotalEnergies have made a final investment decision for a $10.5 billion oil development project offshore Suriname, with first oil expected in 2028. The project, a 50-50 joint venture, will utilize new technologies to minimize emissions.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 1:06 pm

APA's short interest has increased by 26.02%, with 16.92 million shares sold short, representing 5.23% of its float. This is below the peer group average of 6.58%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.

Portfolio Pulse from Benzinga Insights

September 30, 2024 | 8:30 pm

Evercore ISI Group has maintained an In-Line rating on APA Corporation but lowered its price target from $39 to $33, indicating a more cautious outlook.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 4:03 pm

Truist Securities has maintained a Buy rating on APA Corporation but has lowered the price target from $46 to $34.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 1:36 pm

Energy stocks are rising as oil prices increase following an Israeli airstrike on Hezbollah in Beirut. Israeli PM Netanyahu emphasized the right to address threats, impacting the energy sector.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 4:20 pm

Shares of oil and gas companies are experiencing a decline due to reports that Saudi Arabia might increase its oil output.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 2:39 pm

Palantir Technologies Inc. (PLTR) has extended its multi-million-dollar deal with APA Corporation (APA) to enhance AI capabilities in oil and gas operations. This partnership aims to improve operational efficiency and cost management. PLTR's stock has seen significant gains over the past year.

Portfolio Pulse from Lekha Gupta

September 25, 2024 | 12:54 pm

Palantir and APA have extended their enterprise agreement, originally signed in 2021, for multiple years and millions of dollars. This extension introduces new AI capabilities using Palantir's AIP software across APA's global portfolio.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 11:00 am

UBS analyst Josh Silverstein maintains a Neutral rating on APA Corporation (NASDAQ:APA) and lowers the price target from $35 to $29.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 1:55 pm

RBC Capital analyst Scott Hanold has reiterated a Sector Perform rating on APA Corporation (NASDAQ:APA) and maintained a price target of $41.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 2:04 pm

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