4-Oct-2024
APA (APA) Receives a Rating Update from a Top Analyst
TipRanks (Fri, 4-Oct 6:45 AM ET)
Crude oil jumps as Biden mentions potential Israeli retaliation on Iran oil assets
Seeking Alpha News (Thu, 3-Oct 11:15 AM ET)
S&P 500 Energy ends Q3 on negative note as crude prices fall
Seeking Alpha News (Wed, 2-Oct 10:28 AM ET)
TotalEnergies Inks LNG Supply Contract With Santos: Details
Benzinga (Wed, 2-Oct 6:43 AM ET)
Barclays Sticks to Their Hold Rating for APA (APA)
TipRanks (Wed, 2-Oct 4:18 AM ET)
Oil jumps after Iran missile attack on Israel; Iran oil assets could be retaliation target
Seeking Alpha News (Tue, 1-Oct 7:30 PM ET)
TotalEnergies, APA approve $10B Suriname offshore oil and gas project
Seeking Alpha News (Tue, 1-Oct 9:19 AM ET)
APA Announces Final Investment Decision for First Oil Development Offshore Suriname
Globe Newswire (Tue, 1-Oct 8:59 AM ET)
Wells Fargo Keeps Their Buy Rating on APA (APA)
TipRanks (Tue, 1-Oct 6:59 AM ET)
ACCESSWIRE (Wed, 25-Sep 7:01 AM ET)
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 October 4, 2024, APA stock price climbed to $26.89 with 5,382,851 million shares trading.
APA has a beta of 0.39, meaning it tends to be less sensitive to market movements. APA has a correlation of 0.02 to the broad based SPY ETF.
APA has a market cap of $9.95 billion. This is considered a Mid Cap stock.
Last quarter Apa reported $3 billion in Revenue and $1.17 earnings per share. This beat revenue expectation by $422 million and exceeded earnings estimates by $.09.
In the last 3 years, APA traded as high as $51.95 and as low as $21.45.
The top ETF exchange traded funds that APA belongs to (by Net Assets): VTI, VOO, VB, XLE, SCHD.
APA has underperformed the market in the last year with a return of -26.6%, while the SPY ETF gained +36.6%. In the last 3 month period, APA fell short of the market, returning -7.8%, while SPY returned +4.2%. However, in the most recent 2 weeks APA has outperformed the stock market by returning +7.3%, while SPY returned +0.8%.
APA support price is $25.76 and resistance is $27.30 (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.