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As oil prices remain elevated, companies like Northern Oil and Gas (NOG), APA, and Devon (DVN) are poised to capitalize on increased exploration and production activities.
Oil prices took a dive in Q3, with OXY, DVN and APA being some of the weakest performers.
France's TotalEnergies and U.S. APA Corp on Tuesday announced a positive investment decision for Suriname's most promising oil and gas project, Block 58, which is expected to inaugurate the South American country's offshore output.
APA expands its multi-million-dollar deal with Palantir Technologies to integrate advanced AI capabilities, boosting efficiency in oil and gas operations.
DENVER--(BUSINESS WIRE)--Palantir Technologies Inc. (NYSE: PLTR), a leading builder of artificial intelligence systems, and APA Corporation (NASDAQ: APA), a leading oil and gas company, today announced a multi-year, multi-million-dollar extension to their enterprise agreement originally signed in 2021. The agreement builds on the work deployed across APA's global portfolio over the past three years and introduces new artificial intelligence capabilities with Palantir's Artificial Intelligence P.
HOUSTON, Sept. 16, 2024 (GLOBE NEWSWIRE) -- The board of directors of APA Corporation (Nasdaq: APA) has declared a regular cash dividend on the company's common shares.
Oil prices are under pressure, but potential production cuts and economic recovery could lead to a bullish outlook, with prices rising to $80-90 by early 2025. Schlumberger, APA Corp., and Hess are top oil stock picks, currently oversold and undervalued, offering significant upside potential and attractive dividends. Schlumberger's forward P/E ratio is below 10, APA trades at 5-6 times EPS estimates, and Hess is poised for over 100% EPS growth this year.
APA (APA) reported earnings 30 days ago. What's next for the stock?
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 (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.