Apa Corporation Stock Fair Value Calculation – APA CORPORATION Reports Positive Financial Results for FY2023 Q2
August 7, 2023
☀️Earnings Overview
APA ($NASDAQ:APA) Corporation reported their Q2 financials (ending June 30 2023) for FY2023 on August 3 2023, with total revenue of USD 1796.0 million – a 41.1% decrease compared to the same period in the prior year. Net income also decreased 58.9%, coming out to USD 381.0 million.
Market Price
On Thursday, APA CORPORATION reported positive financial results for FY2023 Q2. The company’s stock opened at $40.4 and closed at $41.7, a rise of 6.8% from the previous closing price of 39.0. This increase marks a significant milestone for the company, as it indicates strong investor confidence in the company’s financial performance. The company reported positive earnings growth in a number of key areas, with revenue, net income and free cash flow all increasing year-over-year.
Additionally, the company’s balance sheet is also looking healthy, with total assets and liabilities both registering increases in the last quarter. Furthermore, the company’s management team has taken steps to enhance shareholder value, such as increasing dividends and implementing share repurchase programs. This has further strengthened the company’s financial position, making it a more attractive investment option for investors. As the company continues to pursue growth opportunities and enhance shareholder value, investors can expect to see further returns in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Apa Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 9.16k | 1.49k | 16.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Apa Corporation. More…
| Operations | Investing | Financing |
| 3.85k | -2.64k | -1.35k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Apa Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 13.24k | 11.55k | 2.31 |
Key Ratios Snapshot
Some of the financial key ratios for Apa Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 21.4% | 133.7% | 41.5% |
| FCF Margin | ROE | ROA |
| 11.9% | 412.3% | 17.9% |
Analysis – Apa Corporation Stock Fair Value Calculation
As GoodWhale, we have conducted an analysis of APA CORPORATION‘s financials. We found that the intrinsic value of APA CORPORATION share is estimated to be around $36.3, according to our proprietary Valuation Line. At present, APA CORPORATION stock is traded at $41.7, making it overvalued by 14.7%. More…
Peers
The company has operations in the United States, Canada, and Australia. Pioneer Natural Resources Co, Continental Resources Inc, Hess Corp are some of APA Corp’s main competitors in the oil and gas industry.
– Pioneer Natural Resources Co ($NYSE:PXD)
Pioneer Natural Resources Co is an American oil and gas exploration and production company with operations in the United States, Canada, and Trinidad and Tobago. The company has a market capitalization of $59.39 billion and a return on equity of 24.61%. Pioneer Natural Resources is engaged in the exploration, development, and production of oil and gas properties. The company was founded in 1997 and is headquartered in Irving, Texas.
– Continental Resources Inc ($NYSE:CLR)
Continental Resources Inc is an American petroleum and natural gas exploration and production company with operations in the Bakken formation of North Dakota, Montana, and southern Saskatchewan. The company has a market cap of 26.94B as of 2022 and a Return on Equity of 32.98%. Continental Resources is one of the largest crude oil producers in the United States and is one of the leading operators in the Bakken formation.
– Hess Corp ($NYSE:HES)
Hess Corporation is an American multinational oil and gas company with operations in the United States, Canada, the North Sea, South America, and Africa. The company is headquartered in New York City and has been in operation since 1933. Hess is one of the largest independent oil and gas companies in the world with a market capitalization of $44.39 billion as of 2022. The company’s return on equity is 31.73%.
Hess Corporation is engaged in the exploration, production, purchase, transportation, and sale of crude oil and natural gas. The company also refines, markets, and supplies petroleum products. Hess operates through two segments: Upstream and Downstream. The Upstream segment explores for, develops, produces, transports, and sells crude oil and natural gas. The Downstream segment refines crude oil into finished petroleum products; markets and supplies refined products; and engages in trading operations.
Summary
APA Corporation reported their financial results for Q2 of FY2023 on August 3. Total revenue was USD 1796.0 million, a decrease of 41.1% year over year, and net income decreased 58.9% to USD 381.0 million. In response, the stock price of APA Corporation rose on the same day. For investors, this could be taken as a sign of increased confidence in the company’s ability to survive and rebound from its losses despite the economic downturn.
However, further analysis of management decisions, balance sheet, and other financials is required to make a more informed decision on whether or not investing in the company is a good idea.
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