APA CORPORATION

(APA)
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Delayed Nasdaq  -  04:00 2022-08-18 pm EDT
36.50 USD   +8.53%
11:23aMizuho Securities Trims Price Target on APA to $54 From $56, Reiterates Buy Rating
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08/05Susquehanna Cuts APA's Price Target to $49 From $52, Reiterates Positive Rating
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APA-Total JV makes oil discovery off Suriname coast

06/21/2022 | 06:18pm EDT
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(Reuters) - APA Corp said on Tuesday its joint venture with France's TotalEnergies SE has made an oil discovery at an exploration well off the coast of Suriname.

APA has a 50% working interest in the block where the oil discovery was made, with TotalEnergies the operator and the holder of the remaining stake.

The discovery is close to a massive oil field found by an Exxon Mobil Corp led consortium in Guyana, that was estimated to hold nearly 11 billion barrels of oil equivalent.

The APA-Total joint-venture is at present drilling the Dikkop exploration well in the center of Block 58.

(Reporting by Rithika Krishna in Bengaluru; Editing by Shounak Dasgupta)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
APA CORPORATION 8.53% 36.5 Delayed Quote.25.07%
EXXON MOBIL CORPORATION 2.36% 94.38 Delayed Quote.50.68%
LONDON BRENT OIL 3.50% 96.5 Delayed Quote.18.90%
TOTALENERGIES SE 2.44% 52.8 Real-time Quote.15.48%
WTI 3.47% 90.712 Delayed Quote.15.49%
All news about APA CORPORATION
11:23aMizuho Securities Trims Price Target on APA to $54 From $56, Reiterates Buy Rating
MT
08/05S&P 500 Posts 0.4% Weekly Gain as More Q2 Earnings, July Jobs Data Top Views But Add to..
MT
08/05Susquehanna Cuts APA's Price Target to $49 From $52, Reiterates Positive Rating
MT
08/04APACHE CORP MANAGEMENT'S NARRATIVE ANALYSIS OF RESULTS OF OPERATIONS (form 10-Q)
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08/04TRANSCRIPT : APA Corporation, Q2 2022 Earnings Call, Aug 04, 2022
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08/04APA : Announces Second-Quarter 2022 Financial and Operational Results - Form 8-K
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08/04APA Corporation Reports Production Results for the Quarter and Six Months Ended June 30..
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08/04APA Corporation Reports Earnings Results for the Second Quarter and Six Months Ended Ju..
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08/04APA CORPORATION : SEC Filing 8K
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08/04APA CORPORATION : SEC Filing 10Q-2
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Financials (USD)
Sales 2022 11 046 M - -
Net income 2022 4 509 M - -
Net Debt 2022 4 539 M - -
P/E ratio 2022 2,74x
Yield 2022 1,40%
Capitalization 11 918 M 11 918 M -
EV / Sales 2022 1,49x
EV / Sales 2023 1,46x
Nbr of Employees 2 253
Free-Float 78,8%
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Number of Analysts 27
Last Close Price 36,50 $
Average target price 51,64 $
Spread / Average Target 41,5%
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Managers and Directors
John J. Christmann President, Chief Executive Officer & Director
Stephen J. Riney Chief Financial Officer & Executive Vice President
John E. Lowe Non-Executive Chairman
Travis R. Osborne Vice President-Information Technology
David Clay Bretches Executive Vice President-Operations
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