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APA (APA)
NASDAQ:APA
APA (APA) Stock Price & Analysis
2,319 Followers
APA Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$27.17 - $45.15
Previous Close$32.01
Volume4.46M
Average Volume (3M)5.77M
Market Cap
$11.88B
Enterprise Value$16.98B
Total Cash (Recent Filing)$87.00M
Total Debt (Recent Filing)$5.19B
Price to Earnings (P/E)3.6
Beta0.66
Next Earnings
Jul 31, 2024EPS Estimate
$0.97Last Dividend Ex-Date
Jul 22, 2024Dividend Yield3.12%
Share Statistics
EPS (TTM)8.94
Shares Outstanding371,192,344
10 Day Avg. Volume6,110,467
30 Day Avg. Volume5,771,572
Standard Deviation0.33
R-Squared0.26
Alpha0.00860
Financial Highlights & Ratios
Price to Book (P/B)3.93
Price to Sales (P/S)5.21
Price to Cash Flow (P/CF)2.50
P/FCF Ratio4.90
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.12
Enterprise Value/Gross Profit2.14
Enterprise Value/Ebitda3.63
Forecast
1Y Price Target
$37.61Price Target Upside17.49% Upside
Rating ConsensusHold
Number of Analyst Covering20
APA News
Bulls Say, Bears Say
Bulls Say
Acquisition And IntegrationThe acquisition of CPE earlier this year holds diversification benefits.
Asset DivestitureAPA has agreed to divest ~24k net royalty acres across several counties in the Midland Basin and ~237k net acres in the E. TX Austin Chalk / Eagle Ford plays for aggregate proceeds of $700+MM.
Financial PerformanceAPA recently raised its estimated deal synergies by ~$75mm (+50%) to $225mm/annum and is targeting to achieve this run-rate by YE24.
Bears Say
EarningsAPA's updated 2024 capex guidance of $2.7 billion was approximately 4% above forecast, indicating higher than expected capital expenditures.
Financial PerformanceBroader macro-economic challenges in Egypt are hindering the country’s ability to pay APA in a timely manner, resulting in inconsistent cash flows.
ValuationThe $4.5 billion purchase of Callon Petroleum makes APA bigger but not better, leading to concerns about the effectiveness of the acquisition.
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Ownership Overview
1.16% Insiders
31.08% Mutual Funds
32.08% Other Institutional Investors
35.68% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Legal & RegulatoryLitigation, compliance, new legislation, and taxation risks
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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APA FAQ
What was APA’s price range in the past 12 months?
APA lowest stock price was $27.17 and its highest was $45.15 in the past 12 months.
What is APA’s market cap?
Currently, no data Available
When is APA’s upcoming earnings report date?
APA’s upcoming earnings report date is Jul 31, 2024 which is in 9 days.
How were APA’s earnings last quarter?
APA released its earnings results on May 01, 2024. The company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.948 by -$0.168.
Is APA overvalued?
According to Wall Street analysts APA’s price is currently Undervalued.
Does APA pay dividends?
APA pays a Quarterly dividend of $0.25 which represents an annual dividend yield of 3.12%. See more information on APA dividends here
What is APA’s EPS estimate?
APA’s EPS estimate is $0.97.
How many shares outstanding does APA have?
APA has 371,192,350 shares outstanding.
What happened to APA’s price movement after its last earnings report?
APA reported an EPS of $0.78 in its last earnings report, missing expectations of $0.948. Following the earnings report the stock price went down -4.328%.
Which hedge fund is a major shareholder of APA?
Among the largest hedge funds holding APA’s share is Hotchkis & Wiley Capital Management LLC. It holds APA’s shares valued at 840M.
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APA Stock Smart Score
Unlock Smart Score
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Hold
Average Price Target:
$37.61 (17.49% Upside)
$37.61 (17.49% Upside)
Blogger Sentiment
Bullish
APA Sentiment 100%
Sector Average 72%
Sector Average 72%
Hedge Fund Trend
Increased
By 3.3M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 2.0%
Last 30 Days ▼ 4.9%
Last 30 Days ▼ 4.9%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-13.41%
12-Months-Change
Fundamentals
Return on Equity
179.94%
Trailing 12-Months
Asset Growth
13.16%
Trailing 12-Months
Company Description
APA
Apache Corp. operates as an energy company, which engages in the exploration, development, and production of natural gas, crude oil, and natural gas liquids. The company was founded by Truman Anderson, Raymond Plank, and Charles Arnao on December 6, 1954 and is headquartered in Houston, TX.
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APA Company Deck
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APA Earnings Call
Q1 2024
0:00 / 0:00
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APA Revenue Breakdown
47.25% U.S.
36.59% Egypt
16.16% North Sea
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APA Stock 12 Month Forecast
Average Price Target
$37.61
▲(17.49% Upside)
Technical Analysis
Best Analysts Covering APA
1 Year
1 Year Success Rate
17/24 ratings generated profit
1 Year Average Return
+24.15%
reiterated a buy rating 2 months ago
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