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 6,823 funds
0
Analysts bullish %
of 10 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
0.39% less ownership
Funds ownership: 85.18% [Q2] → 84.79% (-0.39%) [Q3]
6% less funds holding
Funds holding: 654 [Q2] → 615 (-39) [Q3]
15% less capital invested
Capital invested by funds: $9.31B [Q2] → $7.88B (-$1.43B) [Q3]
32% less first-time investments, than exits
New positions opened: 69 | Existing positions closed: 102
38% less call options, than puts
Call options by funds: $226M | Put options by funds: $363M
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$22
10%
downside
Avg. target
$26
7%
upside
High target
$33
35%
upside
10 analyst ratings
1 positive
10%
7 neutral
70%
2 negative
20%
RBC Capital Scott Hanold 72% 1-year accuracy 33 / 46 met price target | 31%upside $32 | Sector Perform Reiterated | 15 Jan 2025 |
Goldman Sachs Neil Mehta 44% 1-year accuracy 18 / 41 met price target | 10%downside $22 | Sell Maintained | 3 Jan 2025 |
Piper Sandler Mark Lear 54% 1-year accuracy 98 / 181 met price target | 6%downside $23 | Neutral Maintained | 17 Dec 2024 |
Wells Fargo Roger Read 40% 1-year accuracy 42 / 104 met price target | 2%upside $25 | Equal-Weight Downgraded | 17 Dec 2024 |
Mizuho William Janela 52% 1-year accuracy 13 / 25 met price target | 2%downside $24 | Underperform Maintained | 16 Dec 2024 |
Financial journalist opinion
Based on 13 articles about APA published over the past 30 days
Positive
Zacks Investment Research
5 days ago
Why APA (APA) Outpaced the Stock Market Today
In the closing of the recent trading day, APA (APA) stood at $24.85, denoting a +1.93% change from the preceding trading day.
Negative
Seeking Alpha
6 days ago
APA Corp: North Sea Not A Loss Anymore
APA Corp faces a $800 million impairment due to increased UK taxes and plans to cease operations in the North Sea, which only contributes 5% of revenue in Q3. It's unfortunate because this business was recently a good profit contributor, but the company no longer wants to operate there with the risks to long-dated cash flows. Positive Suriname developments with Total could significantly boost volumes, potentially doubling them, but first oil is expected in 2028.
Neutral
24/7 Wall Street
1 week ago
2 Stocks Billionaire Value Investor Bill Nygren Can't Stop Buying
Bill Nygren is a classic value investor who has helmed the Oakmark Select Fund (MUTF:OAKLX) for nearly 30 years.
Neutral
GlobeNewsWire
1 week ago
APA Corporation Announces Expiration and Final Results of Private Exchange Offers, Tender Offers, and Consent Solicitations and Waiver of Financing Condition
HOUSTON, Jan. 08, 2025 (GLOBE NEWSWIRE) -- APA Corporation (“APA”) (Nasdaq: APA) announced today the final results as of 5:00 p.m., New York City time, on January 7, 2025 (the “Expiration Time”) 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. APA also announced today that it has waived the Financing Condition in connection with the pricing of its previously announced private notes offering further described below.
Negative
Zacks Investment Research
1 week ago
APA (APA) Flat As Market Sinks: What You Should Know
APA (APA) closed at $23.66 in the latest trading session, marking no change from the prior day.
Neutral
GlobeNewsWire
1 week ago
APA Corporation Prices $850 Million Private Notes Offering
HOUSTON, Jan. 07, 2025 (GLOBE NEWSWIRE) -- APA Corporation (“APA”) (Nasdaq: APA) announced today that it has priced $350 million in aggregate principal amount of 6.10% notes due 2035 and $500 million in aggregate principal amount of 6.75% notes due 2055 (collectively, the “Notes”) in a private offering (the “Private Offering”) that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”).
Neutral
GlobeNewsWire
1 week ago
APA Corporation Announces Launch of Private Notes Offering
HOUSTON, Jan. 07, 2025 (GLOBE NEWSWIRE) -- APA Corporation (“APA”) (Nasdaq: APA) announced today that it intends to offer, subject to market and other conditions, a series of senior notes due 2035 and a series of senior notes due 2055 (collectively, the “Notes”) in a private offering (the “Private Offering”) that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”).
Neutral
GlobeNewsWire
2 weeks ago
APA Corporation Announces Executive Leadership and Corporate Officer Updates; Executive Vice President, Operations Clay Bretches to Retire, Kimberly Warnica joins Company as Executive Vice President and Chief Legal Officer
HOUSTON, Jan. 06, 2025 (GLOBE NEWSWIRE) -- APA Corporation (Nasdaq: APA) today announced key updates to its executive leadership and corporate officers.
Positive
Benzinga
2 weeks ago
Wall Street's Most Accurate Analysts Weigh In On 3 Energy Stocks With Over 4% Dividend Yields
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Positive
Seeking Alpha
3 weeks ago
APA Corporation Hits 2021 Lows: Buy Rating
APA Corporation generates strong FCF and earnings despite market weakness, with a market cap of $7.5 billion and a 5% dividend yield. The company is investing heavily in Suriname, mimicking Exxon Mobil's success, with first oil expected by mid-2028, enhancing long-term growth. APA Corporation is reducing capex, optimizing its portfolio, and focusing on high-yield assets, expecting stronger FCF and cost reductions in 2025.
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