Professional
Added to YB: 2024-03-21
Pitch date: 2023-12-31
APA [bullish]
APA Corporation
-21.86%
current return
Author Info
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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
$33.19
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 Focus Fund Portfolio Holding: APA Corporation
APA missed on soft 2024 oil outlook despite strong earnings. Capex flat as North Sea savings shift to Permian. Suriname oil hub plan ongoing with TotalEnergies. Focus on high-margin oil, safety, lower carbon intensity. Trades below PMV estimate.
Read full article (1 min)