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Added to YB: 2024-08-15

Pitch date: 2024-06-30

APA [bullish]

APA Corporation

-6.58%

current return

Author Info

No bio for this author

Company Info

APA Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids.

Market Cap

$9.3B

Pitch Price

$27.76

Price Target

N/A

Dividend

3.80%

EV/EBITDA

2.42

P/E

6.33

EV/Sales

1.53

Sector

Oil, Gas and Consumable Fuels

Category

value

Show full summary:
Ariel Focused Value Portfolio Holding: APA Corporation

APA: Stock down on earnings miss, weak production guidance & higher capex. Callon acquisition synergies raised, boosting Delaware Basin assets & financials from late 2024. Strong Permian wells, confident in Suriname. Focus: Callon efficiency, FCF gen, shareholder returns via buybacks/dividends.

Read full article (1 min)