Energy stocks are still cheap. These 13 make effective use of stock buybacks.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 18 2024
0mins
Should l Buy APA?
Source: MarketWatch
Stock Market Performance: Following Donald Trump's re-election, the S&P 500 saw a modest increase of 3% in early November, driven by expectations of a favorable regulatory environment and declining interest rates, particularly benefiting the financial sector.
Energy Sector Outlook: The energy sector has underperformed compared to the broader market over the past two years but is considered undervalued relative to expected earnings, making it an attractive option for long-term investors focusing on efficiency and shareholder returns.
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Analyst Views on APA
Wall Street analysts forecast APA stock price to fall
20 Analyst Rating
4 Buy
12 Hold
4 Sell
Hold
Current: 26.920
Low
16.00
Averages
25.00
High
40.00
Current: 26.920
Low
16.00
Averages
25.00
High
40.00
About APA
APA Corporation is an independent energy company. The Company owns subsidiaries that explore for and produce oil and natural gas in the United States, Egypt, and the United Kingdom, and that explore for oil and natural gas offshore Suriname. The Company’s upstream business has oil and gas operations in three geographic areas: the United States, Egypt and offshore the United Kingdom in the North Sea (North Sea). It also has active exploration and appraisal operations ongoing in Suriname, as well as interests in Uruguay and other international locations. It maintains a diversified asset portfolio, including conventional and unconventional, onshore and offshore, oil and natural gas exploration and production interests. In the United States, operations are primarily focused on the Permian Basin of West Texas. The Company has conventional onshore assets in Egypt’s Western Desert, and offshore assets on the United Kingdom’s Continental Shelf.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Meta Platforms' Strong Rebound: Meta Platforms' stock rose more than 7% after reporting Q4 revenue of $59.89 billion, exceeding market expectations, thus providing a positive influence on the market.
- Surge in Energy Prices: WTI crude oil prices increased by over 3% to a 4.25-month high, driven by President Trump's call for a nuclear deal with Iran, boosting energy producers' stock prices.
- Unemployment Claims Data: Initial jobless claims in the US fell by 1,000 to 209,000, indicating a slightly weaker labor market, while continuing claims dropped to a six-month low, suggesting overall market strength.
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See More
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