APA Stock Summary and Trading Ideas (Apa | NASDAQ:APA)

Based in Houston, APA is an independent exploration and production company. It operates primarily in the US, Egypt, the North Sea, and Suriname. At year-end 2023, proved reserves totaled 807 million barrels of oil equivalent, with net reported production of 405 thousand boe/day that year (64% of which was oil and natural gas liquids, with the remainder natural gas).

Apa trades on the NASDAQ stock market under the symbol APA.

As of December 26, 2024, APA stock price declined to $21.86 with 301,418 million shares trading.

APA has a beta of 0.34, meaning it tends to be less sensitive to market movements. APA has a correlation of 0.01 to the broad based SPY ETF.

APA has a market cap of $8.09 billion. This is considered a Mid Cap stock.

Last quarter Apa reported $3 billion in Revenue and $1.00 earnings per share. This beat revenue expectation by $280 million and missed earnings estimates by -$.01.

In the last 3 years, APA traded as high as $51.95 and as low as $20.32.

The top ETF exchange traded funds that APA belongs to (by Net Assets): VTI, VOO, VB, SCHD, XLE.

APA has underperformed the market in the last year with a price return of -36.4% while the SPY ETF gained +28.1%. APA has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -12.7% and -1.8%, respectively, while the SPY returned +5.3% and -0.2%, respectively.

APA support price is $21.35 and resistance is $22.39 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that APA shares will trade within this expected range on the day.