APA Corporation stands to benefit fully from oil price surges due to its lack of hedges, supporting strong free cash flow and shareholder returns. APA's diversified production, cost reductions, and improved Egypt terms enhance margins, while the Suriname project promises substantial future production and cash flow upside. I estimate APA's 2026 free cash flow at $1.8–$2 billion, yielding a 13.5% FCF yield and supporting a fair value target of $51.5 per share—over 35% upside.
APA, MPC and PSX made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on April 28th, 2026.
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.
Here is how APA (APA) and Gran Tierra Energy (GTE) have performed compared to their sector so far this year.
APA, MPC, PSX, LFST and GLPEY have been added to the Zacks Rank #1 (Strong Buy) List on April 28th, 2026.
PSX, APA and RNGR made it to the Zacks Rank #1 (Strong Buy) income stocks list on April 28th, 2026.
APA, AR and ALTC made it to the Zacks Rank #1 (Strong Buy) value stocks list on April 28th, 2026.
The Iran conflict has certainly changed short term oil prices, amongst a whole lot of other things, in the past two months. Before that, however, oil prices did not send a particularly strong signal heading into 2026.
Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.
APA (APA) closed the most recent trading day at $38.06, moving +1.22% from the previous trading session.
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Shares of oil exploration companies and fertilizer stocks are tumbling as the Strait of Hormuz reopens to commercial traffic.