APA (APA)
(Real Time Quote from BATS)
$25.34 USD
+0.27 (1.08%)
Updated Sep 23, 2024 03:06 PM ET
3-Hold of 5 3
A Value C Growth F Momentum B VGM
Company Summary
Founded in 1954, Houston, TX-based APA Corporation is one of the world's leading independent energy companies engaged in the exploration, development and production of natural gas, crude oil and natural gas liquids. Geographically, the company’s operations are in the United States, Egypt and in the North Sea of the United Kingdom. APA also holds acreage in offshore Suriname (South America) and other international locations.
In the United States, the upstream player mainly operates in the prolific Permian Basin. One of the largest oil producers in Permian, APA operates approximately 6,000 ...
Company Summary
Founded in 1954, Houston, TX-based APA Corporation is one of the world's leading independent energy companies engaged in the exploration, development and production of natural gas, crude oil and natural gas liquids. Geographically, the company’s operations are in the United States, Egypt and in the North Sea of the United Kingdom. APA also holds acreage in offshore Suriname (South America) and other international locations.
In the United States, the upstream player mainly operates in the prolific Permian Basin. One of the largest oil producers in Permian, APA operates approximately 6,000 gross oil and gas wells in the region, with exposure to Midland Basin, Delaware Basin, Central Basin Platform/ Northwestern Shelf. APA’s major find – Alpine High – located in the southern portion of the Delaware Basin will likely be the key volume growth driver in the years to come. Notably, in 2023, approximately 57% of the company’s proved reserves and 54% of its production came from United States.
APA is also involved in the midstream business through its minority stake in Permian-focused Altus Midstream Company, which operates gathering and processing assets in the region.
Internationally, APA’s operation is focused in the North Sea and Egypt. APA has a significant presence in Egypt, where it is the largest oil producer and acreage holder. The company has a massive 5.1 million acres of assets in the region with gross production of 143,425 barrels of oil equivalent per day. Last year, approximately 22% of the company’s proved reserves and 35% of its output came from Egypt. With 494,000 gross acres in the U.K. North Sea, the region accounted for 10% of the company’s 2022 output.
As of year-end 2023, APA had a proved reserve base of 807 million oil-equivalent barrels (MMboe). About 91% of the proved reserve was developed. Production averaged 405,040 oil-equivalent barrels per day (BOE/d) during 2023, comprising 66% crude oil/ liquid hydrocarbons and 34% gas.
As of year-end 2023, APA had approximately $87 million in cash and cash equivalents, and $5.2 billion in long-term debt.
General Information
APA Corporation
ONE POST OAK CENTRAL 2000 POST OAK BLVD STE 100
HOUSTON, TX 77056
Phone: 713-296-6000
Fax: 713-296-6455
Web: https://apacorp.com
Email: gary.clark@apachecorp.com
Industry | Oil and Gas - Exploration and Production - United States |
Sector | Oils-Energy |
Fiscal Year End | December |
Last Reported Quarter | 6/30/2024 |
Exp Earnings Date | 11/6/2024 |
EPS Information
Current Quarter EPS Consensus Estimate | 1.04 |
Current Year EPS Consensus Estimate | 4.04 |
Estimated Long-Term EPS Growth Rate | NA |
Exp Earnings Date | 11/6/2024 |
Price and Volume Information
Zacks Rank | |
Yesterday's Close | 25.07 |
52 Week High | 43.58 |
52 Week Low | 22.72 |
Beta | 3.24 |
20 Day Moving Average | 6,398,123.00 |
Target Price Consensus | 36.27 |
4 Week | -11.94 |
12 Week | -14.84 |
YTD | -30.13 |
4 Week | -12.99 |
12 Week | -18.46 |
YTD | -41.56 |
Shares Outstanding (millions) | 369.90 |
Market Capitalization (millions) | 9,273.51 |
Short Ratio | NA |
Last Split Date | 1/15/2004 |
Dividend Yield | 3.99% |
Annual Dividend | $1.00 |
Payout Ratio | 0.23 |
Change in Payout Ratio | -0.21 |
Last Dividend Payout / Amount | 7/22/2024 / $0.25 |
Fundamental Ratios
P/E (F1) | 6.20 |
Trailing 12 Months | 5.66 |
PEG Ratio | NA |
vs. Previous Year | 37.65% |
vs. Previous Quarter | 50.00% |
vs. Previous Year | 42.38% |
vs. Previous Quarter | 46.72% |
Price/Book | 1.43 |
Price/Cash Flow | 2.62 |
Price / Sales | 1.04 |
6/30/24 | 35.95 |
3/31/24 | 45.32 |
12/31/23 | 62.64 |
6/30/24 | 8.97 |
3/31/24 | 8.87 |
12/31/23 | 10.12 |
6/30/24 | 1.01 |
3/31/24 | 1.16 |
12/31/23 | 1.02 |
6/30/24 | 1.01 |
3/31/24 | 1.16 |
12/31/23 | 1.02 |
6/30/24 | 16.11 |
3/31/24 | 15.66 |
12/31/23 | 17.11 |
6/30/24 | 32.66 |
3/31/24 | 34.04 |
12/31/23 | 34.95 |
6/30/24 | 30.89 |
3/31/24 | 31.25 |
12/31/23 | 35.19 |
6/30/24 | 17.50 |
3/31/24 | 12.13 |
12/31/23 | 12.03 |
6/30/24 | NA |
3/31/24 | NA |
12/31/23 | NA |
6/30/24 | 1.04 |
3/31/24 | 1.42 |
12/31/23 | 1.41 |
6/30/24 | 50.93 |
3/31/24 | 58.63 |
12/31/23 | 58.42 |