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APA Corporation: Turning Up The Energy On This Value Play
Seeking Alpha· 2025-05-02 18:20
APA Corporation (NASDAQ: APA ) screens as a value opportunity in an energy sector that remains out of favor with investors. While my base case valuation for APA implies a meaningful upside from the current share price, the investment caseEnergess Resources provides the perspective of a petroleum engineer with over 15 of experience in oil and gas operations, primarily as a production engineer and field-level supervisor. The author has experience in multiple asset types including multiple shale basins, offsho ...
APA (APA) Earnings Expected to Grow: Should You Buy?
ZACKS· 2025-04-30 15:08
APA (APA) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2025. 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 earnings report, which is expected to be released on May 7, 2025, might help the stock move higher if these key numbers are better than expectations. O ...
APA Corp & Partners Announce Successful Flow Test at Sockeye-2 Well
ZACKS· 2025-04-28 11:40
APA Corporation (APA) , along with its partners, Lagniappe Alaska, LLC and Oil Search (Alaska), LLC (a subsidiary of Santos Limited), recently announced a major milestone in Alaska’s North Slope. The consortium successfully completed flow testing at the Sockeye-2 exploratory well, achieving impressive results that could significantly enhance future developments in the region.Strong Performance at Sockeye-2 WellThe Sockeye-2 well was drilled to approximately 10,500 feet and encountered a Paleocene-aged clast ...
APA Corporation and Partners Lagniappe Alaska and Santos Announce Successful Flow Test in Alaska’s North Slope at Sockeye-2 Exploration Well
GlobeNewswire· 2025-04-24 20:00
HOUSTON, April 24, 2025 (GLOBE NEWSWIRE) -- APA Corporation (Nasdaq: APA) and its partners Lagniappe Alaska, LLC, an Armstrong company, and Oil Search (Alaska), LLC, a subsidiary of Santos Limited, today announced the results of the successful flow testing of the Sockeye-2 exploratory well. Apache holds a 50% working interest, operator Lagniappe and partner Santos each hold 25% working interests in the 325,411-acre exploratory block located on state lands of the eastern North Slope. As previously announced, ...
APA Corporation and Partners Lagniappe Alaska and Santos Announce Successful Flow Test in Alaska's North Slope at Sockeye-2 Exploration Well
Newsfilter· 2025-04-24 20:00
Core Insights - APA Corporation and its partners have successfully conducted flow testing on the Sockeye-2 exploratory well, indicating a significant discovery in the eastern North Slope of Alaska [1][2]. Group 1: Well Performance and Reservoir Quality - The Sockeye-2 well was drilled to approximately 10,500 feet and encountered a high-quality Paleocene-aged clastic reservoir with an average porosity of 20% [2]. - During a 12-day production test, the well averaged 2,700 barrels of oil per day in the final flow period, demonstrating exceptional productivity without artificial lift [2]. - The flow test results suggest significantly higher reservoir quality compared to similar discoveries in the region [2]. Group 2: Future Prospects and Strategic Importance - The discovery from Sockeye-2 extends the Brookian topset play, which was first established with the Pikka discovery in 2013, indicating potential for further exploration [3]. - The results align with geological and geophysical models, reducing risk for additional prospects in the block, and further appraisal drilling will determine the ultimate size of the discovery [3]. Group 3: Company Overview - APA Corporation is involved in exploring and producing oil and natural gas in the United States, Egypt, the United Kingdom, and offshore Suriname [4].
APA (APA) Stock Sinks As Market Gains: Here's Why
ZACKS· 2025-04-23 23:21
APA (APA) closed the latest trading day at $15.65, indicating a -1.32% change from the previous session's end. The stock's change was less than the S&P 500's daily gain of 1.67%. Meanwhile, the Dow gained 1.07%, and the Nasdaq, a tech-heavy index, added 2.5%.Shares of the oil and natural gas producer have depreciated by 24.08% over the course of the past month, underperforming the Oils-Energy sector's loss of 10.69% and the S&P 500's loss of 6.57%.The investment community will be paying close attention to t ...
APA Corp. Has Become Undervalued Considering Its Top Permian Assets And The GranMorgu Project
Seeking Alpha· 2025-04-16 10:15
APA Corporation (NASDAQ: APA ) is an independent E&P company that operates across various key regions, including the Permian Basin, Egypt, and the North Sea. Over the past year, the company has acquired CallonAs a detail-oriented investor with a strong foundation in finance and business writing, I focus on analyzing undervalued and disliked companies or industries that have strong fundamentals and good cash flows. I have a particular interest in sectors such as Oil&Gas and consumer goods. Basically, anythin ...
APA Corporation Announces Executive Leadership Updates; Ben C. Rodgers Promoted to Executive Vice President and Chief Financial Officer, Operational Leaders Added to Support Key Priorities
GlobeNewswire· 2025-04-14 13:15
HOUSTON, April 14, 2025 (GLOBE NEWSWIRE) -- APA Corporation (Nasdaq: APA) today announced key updates to its executive leadership team. Ben Rodgers has been named executive vice president and chief financial officer, effective May 12, 2025. In this role, he will oversee all financial activities and departments, including Accounting, Audit, Investor Relations, Planning, Tax and Treasury. Rodgers joined APA in 2018 and previously served as SVP, Finance and Treasurer. He also served as CFO of Altus Midstream a ...
APA (APA) Surges 19.1%: Is This an Indication of Further Gains?
ZACKS· 2025-04-10 13:35
APA (APA) shares ended the last trading session 19.1% higher at $16.71. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 26.9% loss over the past four weeks.APA Corporation, an American energy company that focuses on the exploration and production of oil and natural gas, saw a significant rise in its stock price. The increase was driven by a broader market rally that followed President Trump's decision to pause "rec ...
APA Corporation Provides First-Quarter 2025 Supplemental Information and Schedules Results Conference Call for May 8 at 10 a.m. Central Time
Newsfilter· 2025-04-09 11:00
Core Insights - APA Corporation provided supplemental information regarding its first-quarter 2025 financial and operational results, indicating that actual results may vary based on unlisted factors [1] Financial Performance - Estimated average realized prices for Q1 2025 are as follows: - Oil: $72.40 per barrel in the U.S. and $75.10 internationally - NGL: $28.00 per barrel in the U.S. and $51.00 internationally - Natural Gas: $2.00 per Mcf in the U.S. and $4.15 internationally [2] - The company reported a net gain on oil and gas purchases and sales of $120 million before tax, with dry hole costs amounting to $12 million before tax and general and administrative expenses of $115 million [2] Production Update - APA curtailed approximately 8 million cubic feet per day (MMcf/d) of U.S. natural gas production and 500 barrels per day of U.S. natural gas liquids production in response to weak Waha hub prices, which was not anticipated in the February guidance [3] Shareholder Information - The estimated weighted-average basic common shares for Q1 2025 is 364 million, a decrease from 369 million shares in Q4 2024. The company repurchased 4.4 million shares at an average price of $22.87 per share during the first quarter [4] Upcoming Events - APA will host a conference call to discuss its first-quarter 2025 results on May 8 at 10 a.m. Central time, which will be available for replay on the company's website for one year [5] Company Overview - APA Corporation engages in the exploration and production of oil and natural gas in the U.S., Egypt, and the U.K., and also explores offshore Suriname and other locations [6]