Several significant developments occurred in APA Corporation (APA), including its asset management and recent financial performance. Dodge & Cox divested 10100 shares of APA and Teachers Retirement System of The State of Kentucky decreased its holdings. APA is underperforming compared to its competitors, which resulted in an 'In Line' rating from Evercore ISI, downgrading from its previous 'Outperform'. They announced a forthcoming dividend of 0.25 per share. Non-core assets in Permian and Eagle Ford were sold for $700 million. Following the acquisition of Callon, APA has shuffled its management structure. It is expected that the commodity price surge would drive strong Q1 earnings for APA. APA and TotalEnergies are advancing their Block 58 project offshore Suriname.
APA reported mixed EPS estimates amidst operational challenges in the first quarter of 2024. It sold $700 million in non-core Permian, Eagle Ford assets. Its oil production from the Permian basin increased with the $4.5 billion acquisition of Callon Petroleum. APA Corporation confirms it's a top oil and natural gas dividend stock with strong performance on trading days. It announced executive leadership changes and provided first-quarter 2024 supplemental information while continuing to underperform compared to competitors.
Apa Corporation APA News Analytics from Tue, 18 Jul 2023 23:45:13 GMT to Sun, 16 Jun 2024 17:07:58 GMT - Rating 2 - Innovation -6 - Information 6 - Rumor -5
