The third quarter of this year saw oil prices taking a significant hit, dropping approximately 17%. While initial fears of supply disruptions stemming from escalating Middle East tensions seemed poised to push prices upward, the global demand picture painted a different story. Investor sentiment began to shift as weakening economic signals, particularly from key regions like China, started to overshadow supply concerns. The overall decline reflects the complex dynamics that currently define the global oil m ...

APA Corporation (APA) , has announced a long-term, multi-million-dollar extension of its enterprise deal with Palantir Technologies Inc. to enhance the company’s oil and gas operations with cutting-edge artificial intelligence (“AI”) technologies. This extended collaboration builds on the work already done across APA’s global portfolio in the last three years. The agreement will introduce new AI capabilities through Palantir’s Artificial Intelligence Platform (“AIP”) software, which aims to accelerate APA’s ...

U.S. energy explorer APA Corporation’s (APA) stock has dropped by nearly a third since the beginning of 2024, significantly underperforming the sector. The company has also fared worse than its peers like Ovintiv (OVV) and Chord Energy (CHRD) . This decline, puzzling in light of the strong production outlook and balance sheet stability, primarily reflects APA’s exposure to fluctuating oil and gas prices.YTD Price Comparison Image Source: Zacks Investment ResearchThis article will dive into the reasons behin ...

核心观点 - Seeking Alpha编辑团队每周会精选12个被低估的投资标的，这些标的通常是市值超过1亿美元的公司，且在过去90天内页面浏览量超过800次，但在过去30天内发布的文章少于两篇。这些标的包括从大型蓝筹股到有潜力的小型股不等 [1] 公司研究 - 被低估的公司需满足市值大于1亿美元（$100 million），且在Seeking Alpha网站上过去90天的页面浏览量超过800次，但在过去30天内发布的文章少于两篇 [1]

APA (APA) closed the latest trading day at $25.11, indicating a -0.55% change from the previous session's end. The stock's performance was behind the S&P 500's daily loss of 0.29%. Meanwhile, the Dow experienced a drop of 0.25%, and the technology-dominated Nasdaq saw a decrease of 0.31%.The oil and natural gas producer's shares have seen a decrease of 10.87% over the last month, not keeping up with the Oils-Energy sector's loss of 2.45% and the S&P 500's gain of 1.57%.Market participants will be closely fo ...

ugurhan Investment thesis APA Corporation (NASDAQ:APA) - which operates primarily in oil and gas exploration, focusing on key areas like the U.S. (notably the Permian Basin), Egypt, and Suriname - has reached a level where I believe it is a worthy buy for less conservative investors. The company can be bought at a better valuation than before, is underpriced overall compared to its peers, has a trump card in hand in the Suriname project, and even pays a high dividend, while the outlook isn't worse than it w ...

imaginima At the start of the year, APA Corporation (NASDAQ:APA) was joining the energy consolidation wave as it announced the purchase of Callon Petroleum in a $4.5 billion all-stock deal. The transaction added scale and balance in the Permian Basin, while growing production by some 100,000 barrels of oil-equivalent per day. Following the deal having closed, APA announced some substantial non-core asset divestment here, at prices which look pretty reasonable. Nonetheless, shares kept moving lower amids ...

APA (APA) ended the recent trading session at $23.70, demonstrating a +0.38% swing from the preceding day's closing price. This change lagged the S&P 500's 0.75% gain on the day. Meanwhile, the Dow experienced a rise of 0.58%, and the technology-dominated Nasdaq saw an increase of 1%.Coming into today, shares of the oil and natural gas producer had lost 18.45% in the past month. In that same time, the Oils-Energy sector lost 4.12%, while the S&P 500 gained 4.03%.Market participants will be closely following ...

APA Corporation (APA) has advanced the company’s goal of refining its U.S. asset base by strategically divesting non-core properties in the Permian Basin. This $950 million transaction is a key part of APA’s strategy to optimize its portfolio and reduce debt.The sale involves properties across the Central Basin Platform, Texas and New Mexico Shelf, and Northwest Shelf, with a combined net production of 21,000 barrels of oil equivalent per day (boe/d), 57% of which is oil. These assets no longer align with A ...

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. Procee ...