APA Corporation screens as a value opportunity, with exploration upside, but its high leverage and commodity price exposure require a high tolerance for risk. APA's areas of operation include the Permian Basin, Egypt, and the North Sea, with exploration upside in Alaska, Suriname, and Uruguay. Key risks include high leverage, unhedged commodity exposure, and dependence on the GranMorgu development in Suriname.
APA (APA) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
APA, Lagniappe Alaska and Santos announce a major breakthrough at Sockeye-2, highlighting a premium reservoir and exploration prospects.
The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.
In the closing of the recent trading day, APA (APA) stood at $15.65, denoting a -1.32% change from the preceding trading day.
APA Corporation is an independent E&P oil company with operations in the Permian Basin, Egypt, and the North Sea, and a market cap of $8.76B. The Company has expanded its footprint in the Permian and New Mexico regions, focusing on high-margin areas and optimizing productivity with 9 drilling rigs. The Callon acquisition added 145,000 net acres, increasing APA's onshore U.S. production by 66,000 BOE/d, totaling 300,709 BOE/d in the U.S.
APA (APA) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
APA Corporation's stock has underperformed despite generating free cash flow, paying dividends, and repurchasing shares, making it a potential buy for growth and income. Gas demand is rising, benefiting APA's West Texas production; WAHA hub pricing has turned positive, crucial for APA's revenue. Management's capital allocation strategy faces criticism; focus on share buybacks over debt reduction may hinder stock price recovery.
Shares of U.S.-based oil and gas fracking companies such as Devon Energy (DVN -11.76%), APA Corporation (APA -15.07%), and Diamondback Energy (FANG -11.38%) plunged on Thursday, falling 11.2%, 14.4%, and 11%, respectively, as of 12:32 p.m. ET.
APA (APA) reported earnings 30 days ago. What's next for the stock?
APA (APA) reachead $20.84 at the closing of the latest trading day, reflecting a +1.12% change compared to its last close.
APA reduces its workforce by 10-15% to cut costs and enhance competitiveness amid declining oil prices and rising automation.