APA Stock Recent News

HOUSTON, July 11, 2024 (GLOBE NEWSWIRE) -- APA Corporation (Nasdaq: APA) today provided supplemental information regarding certain second-quarter 2024 financial and operational results. This information is intended only to provide additional information regarding current estimates management believes will affect results for the second-quarter 2024. It is provided to assist investors, analysts and others in formulating their own estimates, and is not intended to be a comprehensive presentation of all factors that will affect second-quarter 2024 results. Actual results and the impact of factors identified here may vary depending on the impact of other factors not identified here and are subject to finalization of the financial reporting process for second-quarter 2024.

The energy sector underperformed the S&P500 in Q2 2024, continuing a trend that started earlier, and this is likely to continue heading into H2 2024. There are a number of factors that seem to be weighing on the energy sector, although some stocks are affected more than others. Crude oil is hemmed in between two opposing forces, which are both trying to impose their influence on prices.

In the most recent trading session, APA (APA) closed at $27.94, indicating a +0.43% shift from the previous trading day.

APA (APA) reported earnings 30 days ago. What's next for the stock?

HOUSTON, May 22, 2024 (GLOBE NEWSWIRE) -- The board of directors of APA Corporation (Nasdaq: APA) has declared a regular cash dividend on the company's common shares.

Following a careful analysis of the Zacks Oil and Gas - Exploration and Production - United States industry, we advise focusing on companies like FANG, APA, MTDR and SM.

APA Corporation is an $11.5 billion market cap U.S. and international oil & gas producer with a 3.2% dividend yield. Current operations are in the U.S., Egypt, and offshore UK. APA's acquisition of Callon Petroleum reinforces its Permian Basin position with oilier assets. The company has been impacted by lower natural gas prices. But gas demand, and prices, are improving. The company's exploration has given it interesting optionality offshore Suriname, with production there perhaps as early as 2027.

APA announces the divestiture of non-core properties for more than $700 million, aiming to reduce debt by the third quarter of 2024 and focus on high-value projects.

Despite IEA's lower oil demand projections, we believe the space is still a good one for investors to take a position in. We suggest buying stocks like SM, MPC and APA.

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.