APA Corporation is traversing challenging paths. Its
price target has been downsized to $24 by RBC Capital. Their first quarter 2025 and fourth quarter 2024 supplemental updates seem to have negative implications, leading investors to caution.
Layoffs have been reported, with up to 15% of the global workforce being dismissed.
Revenues slump is cited as a possible reason contributing to the 26% drop in its share price. Its significant oil discovery in Alaska’s North Slope, the strategic partnership with Palantir, and the acquisition of $1.37 million worth of shares by director Joung Chansoo, however, are bright spots. Despite this, the stock performance has been inconsistent, with both outperforming and underperforming days. Full-year and third quarter 2024 results are indicative of struggles, with the company having difficulty amid declining natural gas prices. Further emphasising this are potential asset sales in the Permian basin valued at $950 million. Overall, its positioning within the sector is unsettled, undermined by market volatility, but buoyed by strategic moves and findings.
Apa Corporation APA News Analytics from Fri, 12 Jul 2024 16:27:21 GMT to Sat, 12 Apr 2025 13:55:36 GMT -
Rating -3
- Innovation -5
- Information 6
- Rumor -4
