APA Corp
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
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 13 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
25% more funds holding in top 10
Funds holding in top 10: 4 [Q2] → 5 (+1) [Q3]
8% more repeat investments, than reductions
Existing positions increased: 233 | Existing positions reduced: 216
0.37% less ownership
Funds ownership: 84.82% [Q2] → 84.45% (-0.37%) [Q3]
6% less funds holding
Funds holding: 654 [Q2] → 615 (-39) [Q3]
15% less capital invested
Capital invested by funds: $9.27B [Q2] → $7.85B (-$1.42B) [Q3]
36% less first-time investments, than exits
New positions opened: 69 | Existing positions closed: 108
38% less call options, than puts
Call options by funds: $225M | Put options by funds: $363M
Research analyst outlook
13 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$23
9%
upside
Avg. target
$29
37%
upside
High target
$48
128%
upside
13 analyst ratings
2 positive
15%
9 neutral
69%
2 negative
15%
Piper Sandler Mark Lear 33% 1-year accuracy 53 / 163 met price target | 9%upside $23 | Neutral Maintained | 17 Dec 2024 |
Wells Fargo Roger Read 23% 1-year accuracy 23 / 99 met price target | 19%upside $25 | Equal-Weight Downgraded | 17 Dec 2024 |
Mizuho William Janela 32% 1-year accuracy 8 / 25 met price target | 14%upside $24 | Underperform Maintained | 16 Dec 2024 |
UBS Josh Silverstein 11% 1-year accuracy 5 / 47 met price target | 28%upside $27 | Neutral Maintained | 9 Dec 2024 |
Citigroup Scott Gruber 41% 1-year accuracy 27 / 66 met price target | 14%upside $24 | Neutral Maintained | 26 Nov 2024 |
Financial journalist opinion
Based on 9 articles about APA published over the past 30 days
Neutral
GlobeNewsWire
4 days ago
APA Corporation Announces Early Results of Private Exchange Offers, Tender Offers, and Consent Solicitations, Extension of Early Consent Date, Waiver of Requisite Consent Condition, and Guarantee by Apache Corporation of the APA Notes to be Issued in the Exchange Offers; APA Corporation to Hold Related Investor Call
HOUSTON, Dec. 17, 2024 (GLOBE NEWSWIRE) -- APA Corporation (“APA”) (Nasdaq: APA) announced today the early results as of 5:00 p.m., New York City time, on December 16, 2024 (the “Original Early Consent Date”) of the previously announced (i) offers to exchange (the “Exchange Offers”) any and all validly tendered and accepted notes and debentures listed in the table below issued by Apache Corporation, its wholly-owned subsidiary (“Apache”), for new notes to be issued by APA (the “APA Notes”), (ii) offers to purchase for cash (the “Tender Offers” and together with the Exchange Offers, the “Offers”) up to $1,000,000,000 aggregate principal amount of any and all validly tendered and accepted Apache Notes of certain series (the “Apache Tender Notes”), and (iii) solicitations of consents (the “Consent Solicitations”) to certain proposed amendments (the “Proposed Amendments”) to the applicable indenture under which each series of Apache Notes was issued. Additionally, APA announced that the date by which Eligible Holders (as defined in the Offering Memorandum referred to below) must validly tender their Apache Notes to receive the Exchange Total Consideration or the Tender Total Consideration (each as described below), as applicable, for each Offer has been extended to 5:00 p.m., New York City time, on December 20, 2024 (the “Extended Early Consent Date”). The Offers and Consent Solicitations will now expire at 5:00 p.m., New York City time, on January 7, 2025 (the “Expiration Time”), and the Offers are now expected to settle on January 10, 2025 (the “Settlement Date”).
Neutral
GlobeNewsWire
1 week ago
APA Corporation Declares Cash Dividend on Common Shares
HOUSTON, Dec. 11, 2024 (GLOBE NEWSWIRE) -- The board of directors of APA Corporation (Nasdaq: APA) has declared a regular cash dividend on the company's common shares.
Neutral
Seeking Alpha
1 week ago
APA Still Weighed Down (Rating Downgrade)
APA Corp. is an $8.2 billion market capitalization US and international oil & gas producer with a 4.5% dividend yield. Current operations are primarily in the US and Egypt, with declining volumes offshore UK. APA is still suffering from low Permian gas prices. APA's acquisition of Callon Petroleum reinforces its Permian Basin position with oilier reserves.
Negative
Zacks Investment Research
1 week ago
Why Is APA (APA) Down 0.4% Since Last Earnings Report?
APA (APA) reported earnings 30 days ago. What's next for the stock?
Positive
Zacks Investment Research
2 weeks ago
Will OPEC+ Maintain Oil Production Cuts? Let's Find Out
Despite short-term support, structural challenges could cap long-term crude gains. XOM, DVN and APA are well-positioned to navigate this turbulent landscape.
Positive
Zacks Investment Research
2 weeks ago
Cheniere's FERC Nod & APA's Partnership Lead Oil & Gas Stock Roundup
LNG, APA, EQT, XOM and BP emerge as the energy headline makers during the week.
Neutral
GlobeNewsWire
2 weeks ago
APA Corporation Commences Private Exchange and Tender Offers for Certain Series of Outstanding Apache Corporation Notes and Debentures and Solicitation of Consents to Amend Certain Related Indentures
HOUSTON, Dec. 03, 2024 (GLOBE NEWSWIRE) -- APA Corporation (“APA”) (Nasdaq: APA) announced today that it has commenced offers to (i) exchange (the “Exchange Offers”) any and all validly tendered and accepted notes issued by Apache Corporation, its wholly-owned subsidiary (“Apache”), for new notes to be issued by APA as described in the table below titled “Exchange Offers” and (ii) purchase for cash (the “Tender Offers” and together with the Exchange Offers, the “Offers”) up to $1,000,000,000 aggregate principal amount of any and all validly tendered and accepted Apache notes listed in the table below titled “Tender Offers” (collectively, the “Apache Tender Notes”), subject to the applicable Series Cap and the Maximum Purchase Amount (each as defined below), in each case for the consideration described in the Offering Memorandum (as defined below) and summarized in the respective tables below. Only holders who have duly completed and returned an eligibility letter certifying that they are either (1) a “qualified institutional buyer” (“QIB”) as defined in Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”) or (2) a non-“U.S. person” (as defined in Rule 902 under the Securities Act) located outside of the United States and who is a “Non-U.S. qualified offeree” (as defined in the eligibility letter) are authorized to receive the Offering Memorandum and to participate in the Offers (each such holder, an “Eligible Holder”). The eligibility letter is available electronically at www.dfking.com/apache. Capitalized terms used in this release but not otherwise defined have the meaning given in the Offering Memorandum.
Positive
The Motley Fool
2 weeks ago
3 Dividend Stocks Down 8%, 16%, and 37% to Buy in December
The major stock market indexes are hovering around all-time highs, but there are plenty of industries that have had their fair share of struggles so far this year.
Positive
Zacks Investment Research
3 weeks ago
APA & Palantir Collaborate to Optimize Oil and Gas Production With AI
APA partners with Palantir to boost AI-driven efficiency in oil & gas, enhancing production, maintenance and logistics across its global portfolio.
Neutral
Zacks Investment Research
1 month ago
APA Q3 Earnings Miss Even as Callon Buyout Drives Production
APA bought back 102,305 shares at $29.32 apiece during the third quarter. The company also shelled out $92 million in dividend payments.
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