APA (APA) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
The consensus price target hints at a 26.9% upside potential for APA (APA). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
APA (APA) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
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?
Despite short-term support, structural challenges could cap long-term crude gains. XOM, DVN and APA are well-positioned to navigate this turbulent landscape.