APA Corporation, through its subsidiaries, explores for and produces oil and gas properties. It has operations in the United States, Egypt, and the United Kingdom, as well as has exploration activities offshore Suriname. It also operates gathering, processing, and transmission assets in West Texas, as well as holds ownership in four Permian-to-Gulf Coast pipelines. The company was founded in 1954 and is based in Houston, Texas.
IPO Year:
Exchange: NASDAQ
Website: apacorp.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
7/18/2024 | $42.00 | Outperform | Wolfe Research |
6/14/2024 | $52.00 → $39.00 | Outperform → In-line | Evercore ISI |
4/24/2024 | $55.00 | Overweight | Wells Fargo |
4/10/2024 | $40.00 | Equal Weight | Barclays |
1/5/2024 | Buy → Hold | Johnson Rice | |
11/22/2023 | $52.00 → $37.00 | Buy → Neutral | Citigroup |
10/17/2023 | $51.00 → $50.00 | Outperform → Mkt Perform | Bernstein |
7/13/2023 | $46.00 | Buy | The Benchmark Company |
7/12/2023 | $30.00 | Neutral → Sell | Goldman |
4/19/2023 | $45.00 | Neutral | UBS |
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Wolfe Research resumed coverage of APA Corp. with a rating of Outperform and set a new price target of $42.00
Evercore ISI downgraded APA Corp. from Outperform to In-line and set a new price target of $39.00 from $52.00 previously
Wells Fargo resumed coverage of APA Corp. with a rating of Overweight and set a new price target of $55.00
Barclays initiated coverage of APA Corp. with a rating of Equal Weight and set a new price target of $40.00
Johnson Rice downgraded APA Corp. from Buy to Hold
Citigroup downgraded APA Corp. from Buy to Neutral and set a new price target of $37.00 from $52.00 previously
Bernstein downgraded APA Corp. from Outperform to Mkt Perform and set a new price target of $50.00 from $51.00 previously
The Benchmark Company initiated coverage of APA Corp. with a rating of Buy and set a new price target of $46.00
Goldman downgraded APA Corp. from Neutral to Sell and set a new price target of $30.00
UBS initiated coverage of APA Corp. with a rating of Neutral and set a new price target of $45.00
Truist Securities analyst Neal Dingmann maintains APA (NASDAQ:APA) with a Buy and lowers the price target from $52 to $45.
Wolfe Research analyst Doug Leggate reinstates APA (NASDAQ:APA) with a Outperform.
Piper Sandler analyst Mark Lear maintains APA (NASDAQ:APA) with a Neutral and raises the price target from $33 to $34.
Bernstein analyst Bob Brackett maintains APA (NASDAQ:APA) with a Market Perform and lowers the price target from $37 to $30.
Scotiabank analyst Paul Cheng maintains APA (NASDAQ:APA) with a Sector Perform and lowers the price target from $37 to $30.
Truist Securities analyst Neal Dingmann maintains APA (NASDAQ:APA) with a Buy and lowers the price target from $53 to $52.
PA also curtailed an estimated 7,600 barrels per day of natural gas liquids during the quarter, which were mostly associated with the voluntary gas curtailments. Previous second quarter guidance issued in May contemplated curtailments of ~50 MMcf/d of natural gas and ~5 Mb/d of NGLs. APA did not previously provide second-quarter DD&A guidance due to the acquisition of Callon Petroleum. Based on current best estimates, APA believes second-quarter DD&A will be approximately $590 million.
Throughout the last three months, 15 analysts have evaluated APA (NASDAQ:APA), offering a diverse set of opinions from bullish to bearish. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 4 6 5 0 Last 30D 0 0 1 0 0 1M Ago 0 0 1 1 0 2M Ago 0 1 2 2 0 3M Ago 0 3 2 2 0 Analysts have set 12-month price targets for APA, revealing an average target of $39.8, a high estimate of $57.00, and a low estimate of $28.00. A negative shift in sentiment is evident as analysts have decreased the average price t
RBC Capital analyst Scott Hanold reiterates APA (NASDAQ:APA) with a Sector Perform and maintains $41 price target.
HOUSTON, Nov. 06, 2024 (GLOBE NEWSWIRE) -- APA Corporation (NASDAQ:APA) today announced third-quarter 2024 results. Results can be found on the company's website by visiting www.apacorp.com or investor.apacorp.com. To discuss the results, APA will host a conference call on Nov. 7 at 10 a.m. Central time via the webcast link available on the company website. Following the conference call, a replay will be available for one year on the "Investors" page of the company's website. About APA APA Corporation owns consolidated subsidiaries that explore for and produce oil and natural gas in the United States, Egypt and the United Kingdom and that explore for oil and natural gas offshore Surinam
HOUSTON, Oct. 28, 2024 (GLOBE NEWSWIRE) -- APA Corporation (NASDAQ:APA) has announced the appointment of Kenneth M. Fisher to its board of directors. "We are very pleased to welcome Ken to the APA board of directors," said Lamar McKay, APA's non-executive board chair. "Ken brings with him a wealth of financial and leadership experience across the oil and gas value chain. His experience will provide the board with valuable insight and guidance as we continue to responsibly meet the world's energy needs." Mr. Fisher, 62, currently serves as the executive vice president and chief financial officer for ChampionX. Previously, he was executive vice president and chief financial officer of Nobl
HOUSTON, Oct. 15, 2024 (GLOBE NEWSWIRE) -- APA Corporation (NASDAQ:APA) announces the retirement of executive vice president and general counsel Anthony Lannie, effective Oct. 9, 2024. David J. Bernal has been promoted to vice president Legal and acting general counsel. Mr. Bernal joined APA in 2008 and has handled commercial litigation and counseled executives and senior management. During his time at APA, Mr. Bernal has supported numerous initiatives across the company, both domestic and international, and provided mentorship for the legal team. Previously, after appointment by the Governor and confirmation by the Senate, Mr. Bernal served as a Texas state district judge, presiding over
HOUSTON, Oct. 09, 2024 (GLOBE NEWSWIRE) -- APA Corporation (NASDAQ:APA) today provided supplemental information regarding certain third-quarter 2024 financial and operational results. This information is intended only to provide additional information regarding current estimates management believes will affect results for the third-quarter 2024. It is provided to assist investors, analysts and others in formulating their own estimates, and is not intended to be a comprehensive presentation of all factors that will affect third-quarter 2024 results. Actual results and the impact of factors identified here may vary depending on the impact of other factors not identified here and are subject
HOUSTON, Oct. 09, 2024 (GLOBE NEWSWIRE) -- Apache Corporation, a subsidiary of APA Corporation (NASDAQ:APA), today announced the donation of more than 134,000 trees to 52 nonprofit partner organizations through the annual Apache Corporation Tree Grant Program. Since 2005, over 5 million trees have been granted to more than 1,000 nonprofit partners and government agencies. "Apache's spirit of ingenuity has been an important driver of our tree grant program since its founding 19 years ago, emphasizing our unwavering commitment to environmental stewardship," said John J. Christmann IV, the company's chief executive officer. "Trees are essential to the conservation, beautification and longev
50-50 joint venture with TotalEnergies' subsidiary (Block 58 operator) for 220,000 barrels of oil per day Floating Production Storage and Offloading (FPSO) unitFirst oil production from the Krabdagu and Sapakara fields anticipated in 2028Project to feature new technologies to minimize greenhouse gas emissions PARAMARIBO, Suriname, Oct. 01, 2024 (GLOBE NEWSWIRE) -- APA Corporation (NASDAQ:APA) announced today that its subsidiary has reached a positive final investment decision (FID) for the first oil development in Block 58, located offshore Suriname. The project has been named GranMorgu, which is derived from a local language and means both "new dawn" and "goliath grouper." GranMorgu wil
AUSTIN, TX / ACCESSWIRE / September 25, 2024 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon" or the "Company"), a global leader in industrial process heating solutions, today announced two key additions to its senior leadership team. Jan L. Schott will join the Company as Senior Vice President and Chief Financial Officer, effective October 14, 2024, and Greg Lucas has been promoted to the role of Vice President and Chief Accounting Officer, effective as of the same date.Ms. Schott brings more than 30 years of global financial, commercial and operational experience to Thermon, with a deep background across the energy verticals. Prior to joining Thermon, Ms. Schott served as Executive Vic
Palantir Technologies Inc. (NYSE:PLTR), a leading builder of artificial intelligence systems, and APA Corporation (NASDAQ:APA), a leading oil and gas company, today announced a multi-year, multi-million-dollar extension to their enterprise agreement originally signed in 2021. The agreement builds on the work deployed across APA's global portfolio over the past three years and introduces new artificial intelligence capabilities with Palantir's Artificial Intelligence Platform (AIP) software. Over the past three years, Palantir has partnered with APA to deploy the software across use-cases as varied as operational planning, supply chain management, maintenance planning, production optimizati
HOUSTON, Sept. 16, 2024 (GLOBE NEWSWIRE) -- The board of directors of APA Corporation (NASDAQ:APA) has declared a regular cash dividend on the company's common shares. The dividend on common shares is payable Nov. 22, 2024, to stockholders of record on Oct. 22, 2024, at a rate of 25 cents per share on the corporation's common stock. About APAAPA Corporation owns consolidated subsidiaries that explore for and produce oil and natural gas in the United States, Egypt and the United Kingdom and that explore for oil and natural gas offshore Suriname and elsewhere. APA posts announcements, operational updates, investor information and press releases on its website, www.apacorp.com. Conta
HOUSTON, Sept. 10, 2024 (GLOBE NEWSWIRE) -- APA Corporation (NASDAQ:APA) announced today entry into an agreement for the sale of non-core producing properties in the Permian Basin to an undisclosed buyer for $950 million, prior to customary closing adjustments. The properties are located in the Central Basin Platform, Texas and New Mexico Shelf, and Northwest Shelf and currently represent estimated net production of 21,000 barrels of oil equivalent per day (boe/d), of which approximately 57% is oil. Proceeds from this sale will be used primarily to reduce debt. The effective date of the transaction is July 1, 2024, and the transaction is expected to close during the fourth-quarter 2024. "
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HOUSTON, Nov. 06, 2024 (GLOBE NEWSWIRE) -- APA Corporation (NASDAQ:APA) today announced third-quarter 2024 results. Results can be found on the company's website by visiting www.apacorp.com or investor.apacorp.com. To discuss the results, APA will host a conference call on Nov. 7 at 10 a.m. Central time via the webcast link available on the company website. Following the conference call, a replay will be available for one year on the "Investors" page of the company's website. About APA APA Corporation owns consolidated subsidiaries that explore for and produce oil and natural gas in the United States, Egypt and the United Kingdom and that explore for oil and natural gas offshore Surinam
HOUSTON, Oct. 09, 2024 (GLOBE NEWSWIRE) -- APA Corporation (NASDAQ:APA) today provided supplemental information regarding certain third-quarter 2024 financial and operational results. This information is intended only to provide additional information regarding current estimates management believes will affect results for the third-quarter 2024. It is provided to assist investors, analysts and others in formulating their own estimates, and is not intended to be a comprehensive presentation of all factors that will affect third-quarter 2024 results. Actual results and the impact of factors identified here may vary depending on the impact of other factors not identified here and are subject
HOUSTON, Sept. 16, 2024 (GLOBE NEWSWIRE) -- The board of directors of APA Corporation (NASDAQ:APA) has declared a regular cash dividend on the company's common shares. The dividend on common shares is payable Nov. 22, 2024, to stockholders of record on Oct. 22, 2024, at a rate of 25 cents per share on the corporation's common stock. About APAAPA Corporation owns consolidated subsidiaries that explore for and produce oil and natural gas in the United States, Egypt and the United Kingdom and that explore for oil and natural gas offshore Suriname and elsewhere. APA posts announcements, operational updates, investor information and press releases on its website, www.apacorp.com. Conta
HOUSTON, July 31, 2024 (GLOBE NEWSWIRE) -- APA Corporation (NASDAQ:APA) today announced second-quarter 2024 results. Results can be found on the company's website by visiting www.apacorp.com or investor.apacorp.com. To discuss the results, APA will host a conference call on Aug. 1 at 10 a.m. Central time via the webcast link available on the company website. Following the conference call, a replay will be available for one year on the "Investors" page of the company's website. About APA APA Corporation owns consolidated subsidiaries that explore for and produce oil and natural gas in the United States, Egypt and the United Kingdom and that explore for oil and natural gas off
HOUSTON, July 11, 2024 (GLOBE NEWSWIRE) -- APA Corporation (NASDAQ:APA) today provided supplemental information regarding certain second-quarter 2024 financial and operational results. This information is intended only to provide additional information regarding current estimates management believes will affect results for the second-quarter 2024. It is provided to assist investors, analysts and others in formulating their own estimates, and is not intended to be a comprehensive presentation of all factors that will affect second-quarter 2024 results. Actual results and the impact of factors identified here may vary depending on the impact of other factors not identified here and are subje
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. The dividend on common shares is payable Aug. 22, 2024, to stockholders of record on July 22, 2024, at a rate of 25 cents per share on the corporation's common stock. About APAAPA Corporation owns consolidated subsidiaries that explore for and produce oil and natural gas in the United States, Egypt and the United Kingdom and that explore for oil and natural gas offshore Suriname and elsewhere. APA posts announcements, operational updates, investor information and press releases on its website, www.apacorp.com.
HOUSTON, May 01, 2024 (GLOBE NEWSWIRE) -- APA Corporation (NASDAQ:APA) today announced first-quarter 2024 results. Results can be found on the company's website by visiting www.apacorp.com or investor.apacorp.com. APA will host a conference call May 2 at 10 a.m. Central time via the webcast link available on the company website to discuss the results. Following the conference call, a replay will be available for one year on the "Investors" page of the company's website. About APA APA Corporation owns consolidated subsidiaries that explore for and produce oil and natural gas in the United States, Egypt and the United Kingdom and that explore for oil and natural gas offshore Suriname and
HOUSTON, April 10, 2024 (GLOBE NEWSWIRE) -- APA Corporation (NASDAQ:APA) today provided supplemental information regarding certain first-quarter 2024 financial and operational results. This information is intended only to provide additional information regarding current estimates management believes will affect results for the first-quarter 2024. It is provided to assist investors, analysts and others in formulating their own estimates, and is not intended to be a comprehensive presentation of all factors that will affect first-quarter 2024 results. Actual results and the impact of factors identified here may vary depending on the impact of other factors not identified here and are subject
HOUSTON, Feb. 21, 2024 (GLOBE NEWSWIRE) -- APA Corporation (NASDAQ:APA) today announced fourth-quarter and full-year 2023 results. Results can be found on the company's website by visiting www.apacorp.com or investor.apacorp.com. APA will host a conference call Feb. 22 at 10 a.m. Central time via the webcast link available on the company website to discuss the results. Following the conference call, a replay will be available for one year on the "Investors" page of the company's website. About APA APA Corporation owns consolidated subsidiaries that explore for and produce oil and natural gas in the United States, Egypt and the United Kingdom and that explore for oil and natural gas offs
HOUSTON, Feb. 08, 2024 (GLOBE NEWSWIRE) -- The board of directors of APA Corporation (NASDAQ:APA) has declared a regular cash dividend on the company's common shares. The dividend on common shares is payable May 22, 2024, to stockholders of record on April 22, 2024, at a rate of 25 cents per share on the corporation's common stock. About APAAPA Corporation owns consolidated subsidiaries that explore for and produce oil and natural gas in the United States, Egypt and the United Kingdom and that explore for oil and natural gas offshore Suriname. APA posts announcements, operational updates, investor information and press releases on its website, www.apacorp.com. ContactsInvestor:
HOUSTON, Oct. 28, 2024 (GLOBE NEWSWIRE) -- APA Corporation (NASDAQ:APA) has announced the appointment of Kenneth M. Fisher to its board of directors. "We are very pleased to welcome Ken to the APA board of directors," said Lamar McKay, APA's non-executive board chair. "Ken brings with him a wealth of financial and leadership experience across the oil and gas value chain. His experience will provide the board with valuable insight and guidance as we continue to responsibly meet the world's energy needs." Mr. Fisher, 62, currently serves as the executive vice president and chief financial officer for ChampionX. Previously, he was executive vice president and chief financial officer of Nobl
HOUSTON, Oct. 15, 2024 (GLOBE NEWSWIRE) -- APA Corporation (NASDAQ:APA) announces the retirement of executive vice president and general counsel Anthony Lannie, effective Oct. 9, 2024. David J. Bernal has been promoted to vice president Legal and acting general counsel. Mr. Bernal joined APA in 2008 and has handled commercial litigation and counseled executives and senior management. During his time at APA, Mr. Bernal has supported numerous initiatives across the company, both domestic and international, and provided mentorship for the legal team. Previously, after appointment by the Governor and confirmation by the Senate, Mr. Bernal served as a Texas state district judge, presiding over
AUSTIN, TX / ACCESSWIRE / September 25, 2024 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon" or the "Company"), a global leader in industrial process heating solutions, today announced two key additions to its senior leadership team. Jan L. Schott will join the Company as Senior Vice President and Chief Financial Officer, effective October 14, 2024, and Greg Lucas has been promoted to the role of Vice President and Chief Accounting Officer, effective as of the same date.Ms. Schott brings more than 30 years of global financial, commercial and operational experience to Thermon, with a deep background across the energy verticals. Prior to joining Thermon, Ms. Schott served as Executive Vic
HOUSTON, April 01, 2024 (GLOBE NEWSWIRE) -- APA Corporation (NASDAQ:APA) today announced the appointment of Matthew Bob and Anya Weaving to its board of directors. "We are very pleased to welcome Matthew and Anya to the APA board," said Lamar McKay, APA's nonexecutive board chair. "Matthew brings extensive executive and operational experience with U.S. onshore oil and gas companies in addition to his technical expertise. His knowledge of Callon will provide the board with valuable insight and guidance on the newly acquired company assets. Anya's experience in the oil and gas industry as well as her background advising large cap energy companies will bring additional critical skills to the
NEW YORK, March 25, 2024 /PRNewswire/ -- AppFolio Inc. (NASD:APPF) will replace Inari Medical Inc. (NASD:NARI) in the S&P MidCap 400, and Inari Medical will replace Callon Petroleum Co. (NYSE:CPE) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, April 1. S&P 500 constituent APA Corp. (NASD:APA) is acquiring Callon Petroleum in a transaction expected to be completed on or about that date pending final conditions. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector April 1, 2024 S&P MidCap 400 Addition AppFolio APPF Information Technology S&P
HOUSTON, June 14, 2023 (GLOBE NEWSWIRE) -- APA Corporation (NASDAQ:APA) today announced Scott Grandt has been named senior vice president, Corporate Development; effective June 12. Grandt will lead APA's corporate development team and will have global oversight over the identification, assessment and execution of potential transaction opportunities. "I am pleased to welcome Scott to our leadership team," said Stephen J. Riney, APA's chief financial officer and executive vice president. "He brings a diverse background in mergers and acquisitions, capital raising, investor relations and corporate planning and will be a great complement to our executive team." Grandt joins APA from Goldman
HOUSTON, Feb. 23, 2022 (GLOBE NEWSWIRE) -- APA Corporation (NASDAQ:APA) today announced the appointment of Dave Stover to its board of directors. Stover is expected to serve on the Audit Committee. "We are thrilled to welcome Dave to the APA board. With more than 40 years of domestic and international oil and gas industry experience, he will bring in-depth knowledge and global expertise to our ongoing efforts to deliver long-term value for APA stakeholders," said John Lowe, APA's nonexecutive board chairman. Stover, 64, served as the chairman and CEO of Noble Energy until his retirement in 2020. He was appointed Chairman of the Board in April 2015, CEO in October 2014 and elected to the
HOUSTON, Feb. 03, 2022 (GLOBE NEWSWIRE) -- APA Corporation (NASDAQ:APA) today announced the appointment of Retired Lieutenant General Charles Hooper to its board of directors. General Hooper will serve on the Corporate Responsibility, Governance, and Nominating Committee and the Management Development and Compensation Committee. Hooper, 64, retired after a distinguished 41-year military career. In his last assignment for the U.S. Army, he was the Director of the Defense Security Cooperation Agency, a role in which he served as the U.S. Department of Defense expert on security assistance funding and U.S. foreign military sales. Previously, he was the Chief of the Office of Military Coopera
HOUSTON, April 12, 2021 (GLOBE NEWSWIRE) -- APA Corporation (NASDAQ:APA) today announced Tracey K. Henderson has been appointed Senior Vice President, Exploration. Henderson joins APA from Kosmos Energy, where she served as Chief Exploration Officer. While at Kosmos, she contributed to the discovery of the Jubilee Field offshore Ghana, one of the largest oil discoveries offshore West Africa in a decade. Henderson was also a key member of the technical team responsible for the Tortue, Marsouin, Teranga and Yakaar natural gas discoveries offshore Mauritania and Senegal, which together opened one of the largest new hydrocarbon basins along the Atlantic Margin. Prior to joining Kosmos, she se
HOUSTON, Feb. 10, 2021 (GLOBE NEWSWIRE) -- Apache Corporation (Nasdaq: APA) today announced the appointment of Lamar McKay to its board of directors. McKay, 62, served as the chief transition officer of BP p.l.c. (BP) from October 2019 until his retirement in December 2020. He previously served as BP’s deputy chief executive officer since February 2016. Prior to that role, from January 2013, McKay was the chief executive of BP’s worldwide upstream business. Mr. McKay was also chairman and president of BP America, Inc. and executive vice president of BP since January 2009. He began his career in 1980 with Amoco (now BP), and held leadership positions of increasing responsibility throughout