The latest trading session saw APA (APA) ending at $35.05, denoting a +0.46% adjustment from its last day's close. This change outpaced the S&P 500's 0.95% loss on the day. Meanwhile, the Dow lost 1.09%, and the Nasdaq, a tech-heavy index, lost 0.84%.The oil and natural gas producer's stock has climbed by 10.97% in the past month, exceeding the Oils-Energy sector's gain of 8.7% and the S&P 500's gain of 1.78%.The investment community will be closely monitoring the performance of APA in its forthcoming earni ...

HOUSTON, April 10, 2024 (GLOBE NEWSWIRE) -- APA Corporation (NASDAQ:APA) today provided supplemental information regarding certain first-quarter 2024 financial and operational results. This information is intended only to provide additional information regarding current estimates management believes will affect results for the first-quarter 2024. It is provided to assist investors, analysts and others in formulating their own estimates, and is not intended to be a comprehensive presentation of all factors t ...

Core Insights - APA Corporation has announced updates to its executive leadership team in conjunction with a restructuring of its development function and the integration of the recently acquired Callon Petroleum [1][2] - The restructuring aims to align the leadership structure with the evolving needs of the business and to advance important priorities of the APA strategy [1] Leadership Changes - Steve Riney has been appointed to oversee asset development functions, including asset teams, Planning and Land, while continuing his role in finance [1] - Ben Rodgers has been named senior vice president, Finance and treasurer, responsible for Market Strategies, Treasury, Accounting, and Tax [2] - Castlen Kennedy has been promoted to senior vice president, Corporate Affairs and Marketing, overseeing Corporate Communications, Government Affairs, and additional responsibilities [3] Company Background - APA Corporation explores for and produces oil and natural gas in the United States, Egypt, and the United Kingdom, and also explores offshore Suriname [4]

APA Corporation (APA) has completed the acquisition of Callon Petroleum Company (CPE). Earlier this year, in January, APA announced the acquisition of Callon in an all-stock deal valued at $4.5 billion.The acquisition should reportedly increase APA’s daily production to approximately 500,000 barrels of oil equivalent (BOE), approximately two-thirds of which will be sourced from the Permian Basin. APA has stated that the acquisition was made at a compelling valuation and Callon’s assets will provide addition ...

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 ...

Core Viewpoint - The article discusses speculative stocks that may offer significant upside potential despite inherent risks, emphasizing the importance of analyst backing for these investments [1]. Company Summaries APA (APA) - APA is a hydrocarbon exploration company that has seen its stock price decline by 18% year-to-date and nearly 25% over the past 52 weeks, despite analysts projecting sales growth from $8.3 billion in 2023 to $8.7 billion in 2024 and $9.86 billion in 2025 [2][3]. - Analysts have a moderate buy rating on APA shares with an average price target of $42.06, indicating potential for recovery [3]. Wolfspeed (WOLF) - Wolfspeed specializes in wide-bandgap semiconductors, which are gaining traction due to their advantages in performance and efficiency, particularly in the context of rising demand for artificial intelligence [5]. - The stock has dropped nearly 41% this year and about 65% over the past 52 weeks, with 2023 sales reported at $921.9 million, but analysts expect a decline to $833.29 million in 2024 [5][6]. - Despite the challenges, analysts forecast a significant sales increase to $1.18 billion by 2025, with a price target of $43.56, suggesting over 70% upside potential [6]. Vuzix (VUZI) - Vuzix operates in the wearable virtual reality and augmented reality display sector, which is projected to grow significantly, with the global VR market valued at nearly $60 billion in 2022 and expected to reach $435.36 billion by 2030 [7][8]. - The company reported revenue of $13.15 million in 2023, with expectations for a 15% increase to $15.14 million in 2024, and a high-side target of $17 million [8]. - Analysts predict a price target of $3.50 for VUZI shares, indicating nearly 119% upside potential [8].