APA Corp (APA)

• Market cap: $8.43B
• 1 day: -3.51%
• 5 days: 0.62%
• 1 month: -3.84%
• 3 months: 1.56%
• 6 months: -18.78%
• Year to date: -2.52%
• 1 year: -27.51%
• 5 years: -19.75%
• 10 years: -65.58%
• Sector: Energy
• Industry: Crude Petroleum & Natural Gas

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 Q4 regulatory filings by fund managers ($100M+ AUM)

33% more first-time investments, than exits

New positions opened: 112 | Existing positions closed: 84

4.07% more ownership

Funds ownership: 84.79% [Q3] → 88.86% (+4.07%) [Q4]

7% more repeat investments, than reductions

Existing positions increased: 221 | Existing positions reduced: 206

1% more funds holding

Funds holding: 617 [Q3] → 623 (+6) [Q4]

2% less call options, than puts

Call options by funds: $260M | Put options by funds: $265M

4% less capital invested

Capital invested by funds: $7.88B [Q3] → $7.59B (-$289M) [Q4]

20% less funds holding in top 10

Funds holding in top 10: 5 [Q3] → 4 (-1) [Q4]

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $22 3% downside
• Avg. target: $28 22% upside
• High target: $45 97% upside

8 analyst ratings

• positive: 1 13%
• neutral: 5 63%
• negative: 2 25%

Raymond James John Freeman 32% 1-year accuracy 7 / 22 met price target	97% upside $45	Strong Buy Maintained	23 Jan 2025
RBC Capital Scott Hanold 34% 1-year accuracy 15 / 44 met price target	40% upside $32	Sector Perform Reiterated	23 Jan 2025
Goldman Sachs Neil Mehta 49% 1-year accuracy 31 / 63 met price target	3% downside $22	Sell Maintained	3 Jan 2025
Piper Sandler Mark Lear 47% 1-year accuracy 82 / 174 met price target	1% upside $23	Neutral Maintained	17 Dec 2024
Wells Fargo Roger Read 39% 1-year accuracy 43 / 109 met price target	10% upside $25	Equal-Weight Downgraded	17 Dec 2024