Wedmont Private Capital and
GAMMA Investing LLC raised their respective stakes in
APA Corporation, while
Cwm LLC and
PNC Financial Services Group Inc. also increased their holdings. Despite this, the company's stock underperformed on several days compared to competitors. APA corporation's recent
dividend payout was $0.25 and their FY2024 predicted earnings are set at $4.55 per share. The company sold off
non-core Permian, Eagle Ford assets for $700 million, also acquiring rival
Callon Petroleum in a $4.5 billion deal, consequently increasing Permian production. APA has faced operational challenges, Q1 2024 results indicated estimated misses on EPS. Following the completion of Callon Petroleum acquisition, the oil producer announced
executive leadership changes and appointment of new board members. The company also donated 1000 trees for Houston's 2024 Arbor Day. The aggregate opinion is a “hold” recommendation from brokerages. However, Goldman Sachs downgraded the company.
Apa Corporation APA News Analytics from Tue, 18 Jul 2023 23:45:13 GMT to Sun, 23 Jun 2024 13:01:28 GMT -
Rating -3
- Innovation -1
- Information 6
- Rumor 2
