APA Corp
About: 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).
Employees: 2,271
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
95% more repeat investments, than reductions
Existing positions increased: 297 | Existing positions reduced: 152
33% more funds holding in top 10
Funds holding in top 10: 3 [Q1] → 4 (+1) [Q2]
1% more call options, than puts
Call options by funds: $319M | Put options by funds: $314M
0% less funds holding
Funds holding: 655 [Q1] → 652 (-3) [Q2]
3% less first-time investments, than exits
New positions opened: 102 | Existing positions closed: 105
5% less capital invested
Capital invested by funds: $9.61B [Q1] → $9.13B (-$479M) [Q2]
9.21% less ownership
Funds ownership: 92.73% [Q1] → 83.53% (-9.21%) [Q2]
Research analyst outlook
22 Wall Street Analysts provided 1 year price targets over the past 3 months
22 analyst ratings
Susquehanna Biju Perincheril 32% 1-year accuracy 20 / 63 met price target | 91%upside $48 | Positive Maintained | 18 Oct 2024 |
Piper Sandler Mark Lear 32% 1-year accuracy 21 / 65 met price target | 11%upside $28 | Neutral Maintained | 15 Oct 2024 |
Scotiabank Paul Cheng 15% 1-year accuracy 5 / 33 met price target | 7%upside $27 | Sector Perform Maintained | 10 Oct 2024 |
Truist Securities Neal Dingmann 52% 1-year accuracy 57 / 110 met price target | 43%upside $36 | Buy Maintained | 9 Oct 2024 |
Goldman Sachs Neil Mehta 39% 1-year accuracy 7 / 18 met price target | 3%upside $26 | Sell Maintained | 7 Oct 2024 |
Financial journalist opinion
Based on 14 articles about APA published over the past 30 days
