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

21.97

Mkt cap

8.1B

Volume

12M

High

22.25

P/E Ratio

2.36

52-wk high

38.27

Low

21.15

Div yield

0.06

52-wk low

21.15

APA Corporation's (NYSE:APA) short interest has decreased by 25.28%, now standing at 22.09 million shares or 6.68% of its float. This reduction in short interest, which now takes 2.31 days to cover, could indicate a more bullish sentiment towards APA compared to its peers, with the average short interest in its peer group being 6.86%. Short interest is a key indicator of market sentiment, and a decrease suggests investors may be less bearish on APA.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 3:15 pm

Susquehanna analyst Biju Perincheril maintains a Positive rating on APA Corporation (NASDAQ:APA) and raises the price target from $50 to $54.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 11:38 am

Analyst ratings for APA Corporation (NASDAQ:APA) show a mix of bullish to bearish sentiments, with recent adjustments in ratings and price targets. Over the last quarter, 15 analysts provided varied ratings, with a notable shift towards a more neutral stance in the last 30 days. The average 12-month price target for APA has been adjusted to $41.67, down from $43.36, indicating a 3.9% decrease. APA's financial performance shows strong profitability with a high net margin of 81.82% and ROE of 94.99%, despite facing revenue challenges and a high debt-to-equity ratio of 2.0.

Portfolio Pulse from Benzinga Insights

April 19, 2024 | 8:02 pm

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

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 5:38 pm

Morgan Stanley analyst Devin McDermott reinstated an Underweight rating on APA Corporation (NASDAQ:APA) with a $28 price target, suggesting a bearish outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 1:29 pm

JP Morgan analyst Arun Jayaram has maintained a Neutral rating on APA Corporation (NASDAQ:APA) and increased the price target from $38 to $40.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 12:44 pm

Barclays analyst Betty Jiang initiates coverage on APA Corporation (NASDAQ:APA) with an Equal-Weight rating and sets a price target of $40.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 1:19 pm

APA Corporation has announced changes to its executive leadership team following the acquisition of Callon Petroleum. Steve Riney, president and CFO, will now also oversee asset development functions. Dave Pursell has left the company due to restructuring, while Ben Rodgers and Castlen Kennedy have received promotions within the finance and corporate affairs departments, respectively.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 8:46 pm

Wall Street's most accurate analysts have made new stock picks, with significant upside potential identified in companies like Intel, HubSpot, APA Corporation, D.R. Horton, and Worthington Steel. These picks come amidst a backdrop of the Dow Jones experiencing its worst weekly performance in 2024. Analysts from firms such as Canaccord Genuity, Roth MKM, Wedbush, Keybanc, and Truist Securities have maintained or adjusted their ratings on these stocks, citing various corporate developments and financial results.

Portfolio Pulse from Avi Kapoor

April 08, 2024 | 12:46 pm

Truist Securities analyst Neal Dingmann maintains a Buy rating on APA Corporation (NASDAQ:APA) but lowers the price target from $59 to $53.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 5:20 pm

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