Has the 30% YTD Sell-Off Made APA Corporation Stock a Buy?

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 ...