APA stock icon

APA Corp
APA

$32.22
1.86%

Market Cap: 12B

 

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

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 31 analysts
0
News positive %
of 8 articles

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

31 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$28
13%
downside
Avg. target
$41
27%
upside
High target
$59
83%
upside

31 analyst ratings

11 positive
35%
13 neutral
42%
negative
23%
Bernstein
Bob Brackett
7%downside
$30
Market Perform
Maintained
17 Jul 2024
Scotiabank
Paul Cheng
7%downside
$30
Sector Perform
Maintained
12 Jul 2024
Truist Securities
Neal Dingmann
61%upside
$52
Buy
Maintained
12 Jul 2024
RBC Capital
Scott Hanold
27%upside
$41
Sector Perform
Reiterated
10 Jul 2024
B of A Securities
Noah Hungness
4%downside
$31
Underperform
Reinstated
14 Jun 2024

Financial journalist opinion

Based on 8 articles about APA published over the past 30 days