Latest news with #APACorp
Business Insider
4 days ago
- Business
- Business Insider
APA Corp. price target raised to $19 from $17 at Jefferies
Jefferies raised the firm's price target on APA Corp. (APA) to $19 from $17 and keeps a Hold rating on the shares as part of a Q2 preview. The firm expects the company's Q2 report to be solid but slightly below consensus. APA's Egypt oil outlook coupled with Permian cost progress will likely be in focus for investors, the analyst tells investors in a research note. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Bloomberg
08-05-2025
- Business
- Bloomberg
APA Reaches Deal to Sell New Mexico Assets to Permian Resources
APA Corp., a US oil explorer with wells from Egypt to Alaska, said it's selling some of its assets in the world's busiest shale patch to Permian Resources Corp. as it streamlines its portfolio. The transaction covers APA's assets in the New Mexico portion of the Permian Basin, which Permian Resources is paying $608 million, prior to closing adjustments, according to a statement confirming an earlier report by Bloomberg News.
Yahoo
17-04-2025
- Business
- Yahoo
APA Corp. price target lowered to $15 from $20 at Citi
Citi analyst Scott Gruber lowered the firm's price target on APA Corp. (APA) to $15 from $20 and keeps a Neutral rating on the shares after catching up with the company after its recent 8-K and mark-to-market the firm's model for Q1 realizations, share count, expenses, and other items. Citi's Q1 CFPS estimate is $2.76, slightly beneath consensus. The firm expects the Q1 call to focus on the macro/APA's 2025 plan and progress on its cost reduction initiatives, which Citi feels could lean positive. APA may also provide a further update on Alaska exploration activities. Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on APA: Disclaimer & DisclosureReport an Issue APA Corp. price target lowered to $20 from $22 at Morgan Stanley APA Corp. appoints Ben Rodgers as CFO SCHD ETF News, 4/14/2025 APA Corp. price target lowered to $24 from $27 at RBC Capital APA Corp. price target lowered to $14 from $26 at Scotiabank Sign in to access your portfolio
Yahoo
12-04-2025
- Business
- Yahoo
Why APA Corp. (APA) Went Down On Thursday?
We recently published a list of . In this article, we are going to take a look at where APA Corp. (NASDAQ:APA) stands against other stocks that traders heavily sold down on Thursday. The stock market wiped away earlier gains, ending Thursday's trading in another bloodbath session, as investors sold off positions amid President Donald Trump's announcement that he had actually raised tariffs on Chinese goods to 145 percent. The Nasdaq was battered the most among all major indices, losing 4.31 percent. The S&P 500 followed with a 3.46-percent drop while the Dow Jones came in last, down 2.50 percent. Meanwhile, 10 companies were heavily sold down on Thursday, recording double-digit losses as investors parked funds to minimize risks from the ongoing uncertainties. In this article, we have listed Thursday's 10 worst performers and detailed the reasons behind their drop. To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million trading volume. Workers in hard hats and safety gear processing oil and gas in a US refinery. APA Corp. saw its share prices drop by 12.63 percent on Thursday to end at $14.60 apiece as investors resorted to profit-taking following the prior day's gain while waiting on the sidelines for further updates on the ongoing US-China trade tensions. In the previous trading day, APA clocked in a 19-percent gain in line with higher crude oil and natural gas prices which largely benefited energy firms like APA. On Wednesday, APA announced initial updates about its business operations and said that the full information would be released at its first-quarter earnings release on May 8, 2025. Analysts expected APA to post $0.80 earnings per share (EPS) in the first quarter, which would represent a 2.6-percent increase from the same period last year. Revenues are expected to settle at $2.18 billion, which, if realized, would mark a 14.5-percent growth year-on-year. APA is an American energy company engaged in the exploration of oil and natural gas. Overall, APA ranks 9th on our list of stocks that traders heavily sold down on Thursday. While we acknowledge the potential of APA as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than APA but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
19-03-2025
- Business
- Yahoo
Oil Producer APA Cuts Up to 15% of Workers
(Bloomberg) -- APA Corp. cut about 300 employees globally as it becomes the latest oil producer to reduce costs by eliminating jobs. NYC Plans for Flood Protection Without Federal Funds Despite Cost-Cutting Moves, Trump Plans to Remake DC in His Style A Malibu Model for Residents on the Fire Frontlines The Scary Thing About the Wildfire That Was Stopped The company formerly known as Apache made the reductions in January and late February, APA said in an emailed response to questions. It amounts to between 10% and 15% of the company's workforce of more than 2,300 worldwide. APA 'has undertaken a comprehensive organizational review and is implementing changes to reduce its overall cost structure and ensure long-term competitiveness,' spokesperson Castlen Kennedy wrote. 'While these decisions are difficult, we are working to support impacted employees.' Lower crude prices, accelerating oilfield automation and uncertainty over future energy demand is driving a wave of job cuts among some of the world's biggest energy companies, even as they pay billions to investors through dividends and share buybacks. Chevron Corp. and BP Plc announced plans to let go as many as 13,700 employees combined earlier this year while Pioneer Natural Resources Co. and Marathon Oil Corp. recently cut jobs as a result of takeovers by larger rivals. APA is the worst-performing energy stock in the S&P 500 over the past 12 months. With operations stretching from the US Permian Basin to Egypt, investors have been concerned APA is spread too thin geographically for a company of its size. In November, the company announced plans to shutter operations in the North Sea, and is targeting about $350 million in annual savings by the end of 2027. More may be needed, according to John Freeman, an analyst at Raymond James. 'The magnitude and timing of cost savings were both disappointing relative to our prior expectations,' he wrote in a March 10 note to investors. 'Given current oil price uncertainty, we feel it prudent to temper enthusiasm.' Tesla's Gamble on MAGA Customers Won't Work The Real Reason Trump Is Pushing 'Buy American' How TD Became America's Most Convenient Bank for Money Launderers The Future of Higher Ed Is in Austin A US Drone Maker Tries to Take Back the Country's Skies ©2025 Bloomberg L.P. Sign in to access your portfolio
