APA CorpAPA
Market Cap: 11.6B
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 Q1 SEC filings by fund managers ($100M+ AUM)
12% more repeat investments, than reductions
Existing positions increased: 244 | Existing positions reduced: 217
9.09% more ownership
Funds ownership: 81.52% [Q4 2023] → 90.61% (+9.09%) [Q1 2024]
5% more capital invested
Capital invested by funds: $8.97B [Q4 2023] → $9.38B (+$419M) [Q1 2024]
1% less funds holding
Funds holding: 652 [Q4 2023] → 646 (-6) [Q1 2024]
6% less first-time investments, than exits
New positions opened: 90 | Existing positions closed: 96
25% less funds holding in top 10
Funds holding in top 10: 4 [Q4 2023] → 3 (-1) [Q1 2024]
25% less call options, than puts
Call options by funds: $284M | Put options by funds: $379M
Research analyst outlook
30 Wall Street Analysts provided 1 year price forecasts over the past 6 months
30 analyst ratings
Truist Securities Neal Dingmann | 44%upside $45 | Buy Maintained | 22 Jul 2024 |
Piper Sandler Mark Lear | 9%upside $34 | Neutral Maintained | 18 Jul 2024 |
Bernstein Bob Brackett | 4%downside $30 | Market Perform Maintained | 17 Jul 2024 |
Scotiabank Paul Cheng | 4%downside $30 | Sector Perform Maintained | 12 Jul 2024 |
Truist Securities Neal Dingmann | 67%upside $52 | Buy Maintained | 12 Jul 2024 |
Financial journalist opinion
Based on 10 articles about APA published over the past 30 days