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Stock Surprises: 3 Companies Ready to Beat the Odds
InvestorPlace· 2024-02-27 22:57
While conservative plays can move you up the gridiron, sometimes you need the long ball, which is exactly the situation speculative stocks to buy specializes in. No, you’re not going to bet your lifesavings on these ideas. And no, you shouldn’t expect a smooth ride.However, what you can expect is the possibility of significant upside returns. Given that the equities market in some angles can be viewed a zero-sum game, it’s inevitable that certain companies will draw the ire of investors. Nevertheless, the s ...
APA Corporation Announces Timeline For Closing of Callon Petroleum Company Transaction; Issues Investor Slide Deck Highlighting Top-Tier Permian Performance
Newsfilter· 2024-02-26 22:51
HOUSTON, Feb. 26, 2024 (GLOBE NEWSWIRE) -- APA Corporation (NASDAQ:APA) announced today that the applicable statutory waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 expired on Feb. 22, 2024. Assuming both APA and Callon shareholder approvals are obtained, the closing of the acquisition is expected to occur on or about April 1, 2024. APA and Callon have scheduled separate shareholder meetings for March 27, 2024, for their respective shareholders to vote on the transaction. APA ...
APA(APA) - 2023 Q4 - Earnings Call Transcript
2024-02-22 21:59
APA Corporation (NASDAQ:APA) Q4 2023 Earnings Conference Call February 22, 2024 11:00 AM ET Company Participants Gary Clark - VP, IR John Christmann - CEO & Director Stephen Riney - President & CFO Tracey Henderson - EVP, Exploration Conference Call Participants Doug Leggate - Bank of America Merrill Lynch Neal Dingmann - Truist Securities Robert Brackett - Sanford C. Bernstein & Co. Charles Meade - Johnson Rice & Company Arun Jayaram - JPMorgan Chase & Co. Paul Cheng - Scotiabank Leo Mariani - ROTH MKM Par ...
APA Q4 Earnings & Revenues Miss on Lower Oil Realizations
Zacks Investment Research· 2024-02-22 13:21
U.S. energy operator APA Corporation (APA) reported fourth-quarter 2023 adjusted earnings of $1.15 per share, missing the Zacks Consensus Estimate of $1.38 and declining from the year-ago adjusted figure of $1.48.The underperformance primarily reflects lower oil and natural gas prices, partly offset by strong production.Revenues of $1.9 billion fell short of the Zacks Consensus Estimate of $2 billion and were down 20.5% from the year-ago quarter’s sales.Meanwhile, APA continues to reward shareholders with d ...
APA (APA) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
Zacks Investment Research· 2024-02-22 00:30
APA (APA) reported $1.89 billion in revenue for the quarter ended December 2023, representing a year-over-year decline of 20.5%. EPS of $1.15 for the same period compares to $1.48 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.05 billion, representing a surprise of -7.49%. The company delivered an EPS surprise of -16.67%, with the consensus EPS estimate being $1.38.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they ...
APA (APA) Lags Q4 Earnings and Revenue Estimates
Zacks Investment Research· 2024-02-21 23:26
APA (APA) came out with quarterly earnings of $1.15 per share, missing the Zacks Consensus Estimate of $1.38 per share. This compares to earnings of $1.48 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -16.67%. A quarter ago, it was expected that this oil and natural gas producer would post earnings of $1.08 per share when it actually produced earnings of $1.33, delivering a surprise of 23.15%.Over the last four quarters, the ...
APA(APA) - 2023 Q4 - Annual Results
2024-02-21 16:00
Exhibit 99.1 NEWS RELEASE APA Corporation Announces Fourth-Quarter and Full-Year 2023 Financial and Operational Results 2023 Highlights • Delivered full-year net cash from operating activities of $3.1 billion, adjusted EBITDAX of $5.3 billion and $965 million of free cash flow (FCF); • Returned $637 million to shareholders or 66% of FCF; • Increased total company oil production by 8% year-over-year; • U.S. oil increased 12% from fourth-quarter 2022 to fourth-quarter 2023, driven by strong Permian Basin exec ...
APA(APA) - 2023 Q4 - Annual Report
2024-02-21 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-40144 APA CORPORATION (Exact name of registrant as specified in its charter) Delaware 86-1430562 (State or other jurisdiction of incorp ...
Can APA Maintain Its Impressive Beat Streak in Q4 Earnings?
Zacks Investment Research· 2024-02-16 14:20
APA Corporation (APA) is set to release fourth-quarter results on Feb 21. The current Zacks Consensus Estimate for the to-be-reported quarter is a profit of $1.38 per share on revenues of $2.1 billion.Let’s delve into the factors that might influence this upstream operator’s results in the December quarter. But it’s worth taking a look at APA’s previous-quarter performance first.Highlights of Q3 Earnings & Surprise HistoryIn the last reported quarter, the independent oil and gas explorer beat the consensus ...
APA (APA) Expected to Beat Earnings Estimates: What to Know Ahead of Q4 Release
Zacks Investment Research· 2024-02-14 16:06
APA (APA) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 21. On the ...