Profile
Sector:
EnergyIndustry:
Oil & Gas Equipment & ServicesCountry:
United StatesIPO:
15 May 1979Website:
http://apacorp.comNext earnings report:
02 August 2024Last dividends:
19 April 2024Next dividends:
22 July 2024Price
after hours | Fri, 28 Jun 2024 23:54:33 GMTAnalysts recommendations
Institutional Ownership
Included in screeners
APA Latest News
Energy stocks are pacing the S&P 500 (SPX) today, as investors rotate out of tech heavyweight Nvidia (NVDA) and settle into other sectors.
In the most recent trading session, APA (APA) closed at $27.94, indicating a +0.43% shift from the previous trading day.
APA is a leading US E&P with significant international exposure through assets in Egypt, the North Sea and a 50% stake in Suriname's Block 58. In Suriname APA has partnered with TotalEnergies to develop the block with 700Mboe of current estimated resource expected to support a first 200Kboed FPSO from 2028 on. In January the company announced the acquisition of Callon Petroleum, in my opinion a crucial step to improve low reserve depth to bridge the time until Suriname delivers first oil.
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.
At Zacks, we prioritize the reliable Zacks Rank system, which highlights earnings estimates and revisions to identify top stocks. However, we also keep a close eye on current value, growth, and momentum trends to highlight strong investment opportunities.
APA Corporation's Q1 2024 Earnings Conference Call is scheduled for May 2, 2024 at 11:00 AM ET. Participants include Gary Clark, John Christmann, and Steve Riney. Conference call attendees include analysts from Raymond James, Truist Securities, TD Cowen, Barclays, ROTH MKM, Goldman Sachs, and Scotiabank. The operator welcomes everyone to the call and thanks them for joining.
APA reported quarterly earnings of $0.78 per share, falling short of the Zacks Consensus Estimate of $0.90 per share. This is lower than the earnings of $1.19 per share reported in the same quarter last year.
Increased production and higher lease operating expenses are expected to have influenced APA Corporation's (APA) earnings in the first quarter.
Jamie Dimon, the CEO of JPMorgan, expressed disapproval of President Joe Biden's choice to halt new approvals for liquefied natural gas exports, calling it "extremely naive" and politically driven. Dimon stated in a letter to shareholders that LNG plays a crucial role in decreasing global carbon dioxide emissions.
What type of business is APA?
Apache Corporation is an independent energy company engaged in the exploration, development, and production of natural gas, crude oil, and natural gas liquids. Founded in 1954, the company conducts geological and production activities in three geographic regions: the United States, Egypt, and the United Kingdom shelf in the North Sea. Apache also has exploration interests in Suriname, which could eventually lead to the discovery and development of hydrocarbons. Apache sells crude oil in the United States to integrated major oil companies, marketing and transportation companies, and refineries under contracts with prices based on local supply and demand conditions.
What sector is APA in?
APA is in the Energy sector
What industry is APA in?
APA is in the Oil & Gas Equipment & Services industry
What country is APA from?
APA is headquartered in United States
When did APA go public?
APA initial public offering (IPO) was on 15 May 1979
What is APA website?
https://apacorp.com
Is APA in the S&P 500?
Yes, APA is included in the S&P 500 index
Is APA in the NASDAQ 100?
No, APA is not included in the NASDAQ 100 index
Is APA in the Dow Jones?
No, APA is not included in the Dow Jones index
When does APA report earnings?
The next expected earnings date for APA is 02 August 2024