We initiated our coverage of APA Corp. (NASDAQ: APA ), previously known as Apache, in June with an Overweight rating. In the report, we centered our thesis on 2 key arguments: 1) an improving portfolio with the company's interests in Suriname likelyAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiv ...

HOUSTON, Oct. 15, 2024 (GLOBE NEWSWIRE) -- APA Corporation (Nasdaq: APA) announces the retirement of executive vice president and general counsel Anthony Lannie, effective Oct. 9, 2024. David J. Bernal has been promoted to vice president Legal and acting general counsel. Mr. Bernal joined APA in 2008 and has handled commercial litigation and counseled executives and senior management. During his time at APA, Mr. Bernal has supported numerous initiatives across the company, both domestic and international, a ...

For Immediate ReleasesChicago, IL – October 11, 2024 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include ExxonMobil’s (XOM) , APA Corp. (APA) – TotalEnergies’ (TTE) , Eni SpA (E) and EQT Corp. (EQT) . Here are highlights from Friday’s Analyst Blog: Oil & Gas Stock Roundup: XOM's Q3 Update and MoreIt was a week when oil pri ...

HOUSTON, Oct. 09, 2024 (GLOBE NEWSWIRE) --  Apache Corporation, a subsidiary of APA Corporation (Nasdaq: APA), today announced the donation of more than 134,000 trees to 52 nonprofit partner organizations through the annual Apache Corporation Tree Grant Program. Since 2005, over 5 million trees have been granted to more than 1,000 nonprofit partners and government agencies. “Apache’s spirit of ingenuity has been an important driver of our tree grant program since its founding 19 years ago, emphasizing our u ...

Analyst’s Disclosure: I/we have a beneficial long position in the shares of APA, XOM, CVX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. This is not advice to buy or sell this stock. I am not an accountant or investment advisor. This article is intended to provide infor ...

In the latest market close, APA (APA) reached $26.89, with a +1.36% movement compared to the previous day. The stock outpaced the S&P 500's daily gain of 0.9%. Elsewhere, the Dow gained 0.81%, while the tech-heavy Nasdaq added 1.22%.Shares of the oil and natural gas producer have appreciated by 2.16% over the course of the past month, underperforming the Oils-Energy sector's gain of 5.22% and the S&P 500's gain of 3.15%.The investment community will be closely monitoring the performance of APA in its forthc ...

The ongoing rise in oil prices is fueling a bullish trend, encouraging more exploration and production activities. Companies in the upstream sector are likely to expand their operations in lucrative shale reserves, leading to a higher number of drilling rigs. This increase in drilling activity is anticipated to boost production, providing advantages for businesses engaged in exploration and production.High Oil PriceThe West Texas Intermediate crude price is trading at more than $71 per barrel, which is high ...

The U.S. exploration and production company APA Corporation (APA) and French oil major TotalEnergies SE (TTE) , through its subsidiary, signed a final investment decision regarding the production of 220,000 barrels of oil per day in Block 58 located offshore Suriname.APA and TTE to Develop GranMorgu Through JVThe oil production project, named GranMorgu, will include production from the Sapakara and Krabdagu oil fields, which have combined recoverable resources estimated above 700 million barrels. TTE and AP ...

Could rebounds be in store for these beaten-down stocks?Let the good times roll. The S&P 500 has soared nearly 21% in 2024, including a 2% gain in September. What's especially noteworthy is that the bull market has broadened to include more than only high-flying tech stocks. However, not all boats are being lifted by the rising tide. Three stocks were especially hit hard last month.Dollar TreeShares of Dollar Tree (DLTR 0.17%) plunged 16.8% in September. The stock is down 50% so far in 2024.Dollar Tree's st ...

The third quarter of this year saw oil prices taking a significant hit, dropping approximately 17%. While initial fears of supply disruptions stemming from escalating Middle East tensions seemed poised to push prices upward, the global demand picture painted a different story. Investor sentiment began to shift as weakening economic signals, particularly from key regions like China, started to overshadow supply concerns. The overall decline reflects the complex dynamics that currently define the global oil m ...