APA: Surprisingly Soft Performance (Rating Downgrade)
APA Corporation acquired Callon Petroleum in a $4.5 billion deal earlier this year, looking to enhance scale and production. Despite solid earnings and asset divestment, APA's shares have dropped by a third, puzzling given the company's strong financials and manageable debt. Recent asset sales will generate $1.65 billion in proceeds, reducing net debt while shedding 8% of production, making the numbers look reasonable.
Here's Why APA (APA) Gained But Lagged the Market Today
In the latest trading session, APA (APA) closed at $23.70, marking a +0.38% move from the previous day.
APA Corporation to Divest Non-Core Permian Basin Assets for $950M
APA plans to divest Permian Basin assets for $950 million and will focus on reducing debt and boosting production.
3 High-Yield Oil and Gas Dividend Stocks Hovering Around 52-Week Lows to Buy in September
Chevron's languishing stock price is an opportunity to buy into an oil industry titan. Chord Energy is a 7.6%-yielding oil and gas company that's fallen out of favor with investors.
Why Is APA (APA) Down 5.6% Since Last Earnings Report?
APA (APA) reported earnings 30 days ago. What's next for the stock?
APA Plans Permian Basin Assets Sale at $1 Billion to Cut Debt
APA plans to sell its Permian Basin drilling assets, valued at around $1 billion, to focus on shale operations and reduce its substantial $6-$7 billion debt.
APA Q2 Earnings Top as Callon Acquisition Drives Production
APA Corporation (APA) bought back 1.5 million shares at $28.72 apiece during the second quarter. The company also shelled out $92 million in dividend payment.
APA (APA) Q2 Earnings and Revenues Surpass Estimates
APA (APA) came out with quarterly earnings of $1.17 per share, beating the Zacks Consensus Estimate of $0.95 per share. This compares to earnings of $0.85 per share a year ago.
Can Callon Acquisition Help APA Post Strong Q2 Earnings?
Higher U.S. output and increase in expenses are likely to have adversely impacted APA Corporation's (APA) profit levels in the second quarter.
APA (APA) Earnings Expected to Grow: Should You Buy?
APA (APA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The Trump Trade: 3 Oil Stocks To Consider
VanEck Oil Services ETF surged by nearly 4% as the "Trump Trade" came back into focus. Consider prospects of a second Trump presidency and sectors that could outperform, including oil. Oil exploration and services stocks like Schlumberger, APA Corp, and Halliburton show potential for growth and multiple expansion.
APA (APA) Surpasses Market Returns: Some Facts Worth Knowing
APA (APA) concluded the recent trading session at $31.67, signifying a +0.67% move from its prior day's close.
