In the closing of the recent trading day, APA (APA) stood at $24.85, denoting a +1.93% change from the preceding trading day.
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.
APA (APA) closed at $23.66 in the latest trading session, marking no change from the prior day.
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.
No one can predict the future, and Wall Street analysts, despite that being part of their job, are no exception.
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.
APA (APA) reported earnings 30 days ago. What's next for the stock?
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