Company Performance - APA's stock closed at $22.19, down 0.89% from the previous trading session, underperforming the S&P 500's gain of 0.39% [1] - The stock has decreased by 5.37% over the past month, contrasting with the Oils-Energy sector's gain of 1.79% and the S&P 500's gain of 1.7% [1] Earnings Forecast - APA is expected to report earnings on February 26, 2025, with a forecasted EPS of $0.97, reflecting a 15.65% decline from the same quarter last year [2] - The Zacks Consensus Estimate projects net sales of $2.27 billion, which is a 20.24% increase compared to the year-ago period [2] Analyst Estimates - Recent changes to analyst estimates for APA indicate a shifting business landscape, with positive revisions suggesting optimism about the company's profitability [3] - The Zacks Rank system, which evaluates these estimate changes, has a history of correlating with stock price performance [4] Zacks Rank and Valuation - APA currently holds a Zacks Rank of 3 (Hold), with the consensus EPS estimate having increased by 10.31% over the past month [5] - The company is trading at a Forward P/E ratio of 6.17, which is lower than the industry average Forward P/E of 9.08 [6] Industry Context - The Oil and Gas - Exploration and Production - United States industry, part of the Oils-Energy sector, has a Zacks Industry Rank of 45, placing it in the top 18% of over 250 industries [6][7]

Core Points - Cerro Grande Mining Corporation (CEG) has formally terminated the Asset Purchase and Contracts Assignment Agreement (APA) with Minera Tamidak Limitada due to the inability to make the final cash payment required by Tamidak [1][3] - The total purchase price under the APA was 3,900,000,000 Chilean Pesos (approximately CDN$6.08 million), of which CEG had already paid 2,600,000,000 Chilean Pesos through the issuance of common shares [2] - The final installment of 1,300,000,000 Chilean Pesos was due by June 1, 2024, and Tamidak opted for cash payment, which CEG could not fulfill [3] - As a result of the termination, CEG has returned all acquired assets, including mining concessions related to the Pimentón Copper Gold Mining Project, and the Lease Agreement for Mining Exploitation Concessions has also been terminated [4] - The Board of Directors is currently reviewing options and will provide updates as necessary [5]

Core Insights - APA Corporation provided supplemental information regarding its fourth-quarter 2024 financial and operational results, indicating that actual results may vary based on factors not identified in the release [1] Financial Performance - Estimated average realized prices for fourth-quarter 2024 are as follows: - Oil in the United States: $70.25 per barrel - NGL in the United States: $24.50 per barrel - Natural Gas in the United States: $1.00 per Mcf - Oil internationally: $74.75 per barrel - NGL internationally: $50.50 per barrel - Natural Gas internationally: $4.00 per Mcf [2] - The company reported a realized gain on commodity derivatives (before tax) of $1 million, dry hole costs (before tax) of $30 million, and a net gain on oil and gas purchases and sales (before tax) of $140 million [2] - General and administrative expenses for the quarter were estimated at $100 million [2] Production Update - APA curtailed approximately 23.5 MBoe/d in the fourth quarter due to weak or negative Waha hub prices, exceeding the previously issued guidance of 22 MBoe/d [3] Asset Sale Update - In September, APA announced the divestiture of non-core assets in the Permian Basin, which closed on December 31, 2024. The net proceeds from this sale were approximately $774 million after a deposit of $95 million and a purchase price adjustment [4] Shareholder Information - The estimated weighted-average basic common shares for the fourth quarter were 369 million, a slight decrease from 370 million in the third quarter of 2024. The company repurchased 4.6 million shares at an average price of $21.90 per share during the fourth quarter [5] Upcoming Events - APA will host a conference call to discuss its fourth-quarter 2024 results on February 27, 2025, at 10 a.m. Central time, which will be available for replay on the company's website [6]

APA (APA) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.The upward trend in estimate revisions for this oil and natural gas producer reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends i ...

Shares of APA (APA) have gained 8.4% over the past four weeks to close the last trading session at $23.70, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $30.08 indicates a potential upside of 26.9%.The mean estimate comprises 25 short-term price targets with a standard deviation of $7.16. While the lowest estimate of $22 indicates a 7.2% decline from the current price level, t ...

Core Viewpoint - The article emphasizes the importance of value investing and highlights APA as a strong candidate for value investors due to its favorable valuation metrics [2][8]. Company Analysis - APA currently holds a Zacks Rank of 2 (Buy) and an A grade for Value, indicating strong potential for value investors [4]. - The stock has a Forward P/E ratio of 6.94, significantly lower than the industry average of 12.19, suggesting it may be undervalued [4]. - APA's P/B ratio stands at 1.47, compared to the industry's average P/B of 2, indicating a solid valuation relative to its book value [5]. - The P/S ratio for APA is 0.96, while the industry average is 2.24, further supporting the notion of undervaluation [6]. - The P/CF ratio for APA is 2.12, which is attractive compared to the industry's average of 6.82, reinforcing its undervalued status based on cash flow [7]. - Overall, the combination of these metrics suggests that APA is likely being undervalued and presents a strong investment opportunity for value investors [8].

Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potenti ...

The most recent trading session ended with APA (APA) standing at $24.85, reflecting a +1.93% shift from the previouse trading day's closing. This change outpaced the S&P 500's 0.12% gain on the day. Meanwhile, the Dow gained 0.52%, and the Nasdaq, a tech-heavy index, lost 0.23%.The the stock of oil and natural gas producer has risen by 11.12% in the past month, leading the Oils-Energy sector's loss of 8.42% and the S&P 500's loss of 3.45%.Investors will be eagerly watching for the performance of APA in its ...

UK Labour Budget Impact - APA Corp (NASDAQ: APA) will face a tax increase on interests from 35% to 38% as part of the new Labour budget in the UK [1] Investment Group Services - The Value Lab offers members a portfolio with real-time updates, 24/7 chat support, regular global market news reports, feedback on member stock ideas, new trades monthly, quarterly earnings write-ups, and daily macro opinions [1] Investment Strategy - The Value Lab focuses on long-only value ideas, targeting international mispriced equities with a portfolio yield of about 4% [4] - The Valkyrie Trading Society shares high-conviction, downside-limited developed market ideas aimed at generating non-correlated and outsized returns in the current economic environment [3] Performance and Experience - The Value Lab has performed well over the last 5 years by engaging in international markets [4]

LYSAKER, Norway, Jan. 14, 2025 /PRNewswire/ -- The Norwegian authorities are offering Aker BP ownership interest in 19 exploration licenses on the Norwegian continental shelf in the APA 2024 licensing round. For 16 of the licenses Aker BP is also granted operatorship. The award consolidates our position as the most active independent exploration company on the NCS. "We are very pleased with the award that was announced today. It reflects a comprehensive application and gives us a foundation for maintaining ...