APA CorpAPA
Market Cap: $9.34B
About: Based in Houston, APA is an independent exploration and production company. It operates primarily in the US, Egypt, the North Sea, and Suriname. At year-end 2023, proved reserves totaled 807 million barrels of oil equivalent, with net reported production of 405 thousand boe/day that year (64% of which was oil and natural gas liquids, with the remainder natural gas).
Employees: 2,271
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
97% more repeat investments, than reductions
Existing positions increased: 297 | Existing positions reduced: 151
33% more funds holding in top 10
Funds holding in top 10: 3 [Q1] → 4 (+1) [Q2]
1% more call options, than puts
Call options by funds: $319M | Put options by funds: $314M
1% less funds holding
Funds holding: 655 [Q1] → 649 (-6) [Q2]
5% less capital invested
Capital invested by funds: $9.61B [Q1] → $9.13B (-$479M) [Q2]
6% less first-time investments, than exits
New positions opened: 100 | Existing positions closed: 106
9.21% less ownership
Funds ownership: 92.73% [Q1] → 83.53% (-9.21%) [Q2]
Research analyst outlook
14 Wall Street Analysts provided 1 year price targets over the past 3 months
14 analyst ratings
RBC Capital Scott Hanold 30% 1-year accuracy 11 / 37 met price target | 62%upside $41 | Sector Perform Reiterated | 5 Sept 2024 |
Susquehanna Biju Perincheril 44% 1-year accuracy 33 / 75 met price target | 106%upside $52 | Positive Maintained | 4 Sept 2024 |
Piper Sandler Mark Lear 24% 1-year accuracy 17 / 71 met price target | 15%upside $29 | Neutral Maintained | 15 Aug 2024 |
Wells Fargo Roger Read 29% 1-year accuracy 22 / 76 met price target | 94%upside $49 | Overweight Maintained | 14 Aug 2024 |
UBS Josh Silverstein 22% 1-year accuracy 8 / 37 met price target | 39%upside $35 | Neutral Maintained | 6 Aug 2024 |
Financial journalist opinion
Based on 3 articles about APA published over the past 30 days