A month has gone by since the last earnings report for APA (APA) . Shares have added about 12.2% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is APA due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. APA Q4 Earnings & Sales Miss EstimatesAPA reported fourth-quarter 2 ...

With major stock markets reaching new highs in Q1, some investors are looking for stocks to buy to exploit the lack of “breadth”. A small number of large-cap stocks with significant weightings have propelled upward movement, while many stocks have underperformed despite a rising market. For recent gains to prove sustainable, breadth must broaden to include additional performers. This could be an opportunity to buy laggard stocks poised to join the high-flying club.Analysts suggest signs of increasing market ...

For the sixth consecutive year, the United States has maintained its position as the world's top oil producer, according to the Energy Information Administration (‘EIA’). In 2023, U.S. crude output reached a historic high, averaging 12.9 million barrels per day (‘bpd’), surpassing the previous record set in 2019. December alone saw a remarkable milestone, with production peaking at over 13.3 million bpd.This upward trajectory continues through this year, with an estimated record-breaking output of 13.21 mil ...

izzetugutmen Introduction APA Corp. (NASDAQ:APA), formerly known as Apache Corp., is a comparatively small and underfollowed oil and gas (O&G) exploration and production company with a diversified portfolio of assets in various parts of the world. My followers and regular readers know that I am long-term bullish on fossil fuel energy for a number of reasons, as I've briefly outlined in two other articles (here and here). In this article, I provide an overview of APA Corp., what I like about it and where ...

Despite escalating geopolitical risks, concerns over global demand have offset any price support, which, in turn, has affected the Zacks Oil and Gas - Exploration and Production - United States industry. The Fed’s emphasis that there was no urgency to reduce rates, citing robust inflation and economic indicators observed since the year's commencement, adds to concerns. The market hasn't been kind to natural gas either, with the commodity continuing to trade under $2. Although macro challenges are leading to ...

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 ...

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 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 ...

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) 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 ...