APA Co. Receives Mixed Reviews from Brokerages with an Average Recommendation of ‘Hold’
January 3, 2024
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APA ($NASDAQ:APA) Co. has recently come under scrutiny from various brokerages, with reviews ranging from “Buy” to “Sell”. APA Co. is a publicly-traded company providing energy services and exploration and production of oil and natural gas in the United States and Canada. Despite its strong portfolio, APA Co. has failed to impress the brokerages with its financial performance in recent years.
Market Price
On Tuesday, APA CORPORATION‘s stock opened at $36.1 and closed at $36.1, up by 0.6% from the previous closing price of 35.9. Some analysts have issued a ‘Buy’ rating on the stock, while others have cautioned against buying the stock at the current price. Despite this, the stock held steady throughout the day and closed at its opening price. 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 |
| 8.58k | 1.52k | 18.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Apa Corporation. More…
| Operations | Investing | Financing |
| 3.51k | -2.4k | -1.29k |
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 |
| 13.54k | 11.44k | 3.51 |
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 |
| 21.6% | 133.7% | 40.4% |
| FCF Margin | ROE | ROA |
| 12.7% | 242.8% | 16.0% |
Analysis
As GoodWhale, we have conducted an analysis of APA CORPORATION‘s fundamentals and based on our Star Chart, the company is classified as a ‘rhino’, indicating that it has achieved moderate revenue or earnings growth. This would make it an attractive option for investors who are looking for stability and low-risk investments. APA CORPORATION is strong in terms of assets, dividends, and profitability, but is only medium in terms of growth. Additionally, APA CORPORATION has an intermediate health score of 6/10, taking into account its cashflows and debt. This suggests that the company may be able to sustain future operations in times of crisis. Overall, we believe that APA CORPORATION is an attractive option for investors who are attracted to stability and low-risk investments. The company’s strong assets, dividends, and profitability make it an attractive option, and its intermediate health score suggests that it may be able to sustain future operations despite potentially difficult times. 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 Corp. has recently been given an average recommendation of “Hold” by brokerages. This suggests that the company’s stock is not expected to experience a significant change in value in the near future. Potential investors should consider the current market conditions and the company’s recent performance before making an investment decision. It is important to research and analyze the potential investment to ensure that it is a sound decision.
This analysis should include an evaluation of the company’s financial statements, operations, competitive position, and current market conditions. The data should be assessed objectively and critically to determine if an investment in APA Corp. is a wise decision.
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