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APA

APANasdaqGS:APA Stock Report

Last Price

US$30.10

Market Cap

US$10.9b

7D

-9.6%

1Y

83.8%

Updated

21 Jan, 2022

Data

Company Financials +
APA fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance2/6
Financial Health2/6
Dividends4/6

APA Stock Overview

APA Corporation, through its subsidiaries, explores for and produces oil and gas properties.

APA Competitors

ConocoPhillips

NYSE:COP

US$109.1b

EOG Resources

NYSE:EOG

US$58.9b

Pioneer Natural Resources

NYSE:PXD

US$50.5b

Devon Energy

NYSE:DVN

US$31.2b

Price History & Performance

Summary of all time highs, changes and price drops for APA
Historical stock prices
Current Share PriceUS$30.10
52 Week HighUS$34.40
52 Week LowUS$14.03
Beta4.73
1 Month Change16.53%
3 Month Change8.74%
1 Year Change83.76%
3 Year Change-6.11%
5 Year Change-51.51%
Change since IPO300.18%

Recent News & Updates

Jan 03
APA Corporation's (NASDAQ:APA) Intrinsic Value Is Potentially 22% Below Its Share Price

APA Corporation's (NASDAQ:APA) Intrinsic Value Is Potentially 22% Below Its Share Price

In this article we are going to estimate the intrinsic value of APA Corporation ( NASDAQ:APA ) by estimating the...

Dec 31

APA Corporation: Well-Positioned To Take Advantage Of Oil Market Tightness

Oil is in a long-term tight supply-demand condition, causing sustained elevated oil prices. US E&P companies have changed their capital allocation framework to prioritize paying down debt and returning capital to shareholders. APA is undervalued compared to peers and is well-positioned.

Shareholder Returns

APAUS Oil and GasUS Market
7D-9.6%-3.9%-6.1%
1Y83.8%46.2%4.2%

Return vs Industry: APA exceeded the US Oil and Gas industry which returned 48.8% over the past year.

Return vs Market: APA exceeded the US Market which returned 6.6% over the past year.

Price Volatility

Is APA's price volatile compared to industry and market?
APA volatility
APA Average Weekly Movement7.7%
Oil and Gas Industry Average Movement7.2%
Market Average Movement6.7%
10% most volatile stocks in US Market15.6%
10% least volatile stocks in US Market2.4%

Stable Share Price: APA is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: APA's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19542,272John Christmannhttps://apacorp.com

APA Corporation, through its subsidiaries, explores for and produces oil and gas properties. It has operations in the United States, Egypt, and the United Kingdom, as well as has exploration activities offshore Suriname. It also operates gathering, processing, and transmission assets in West Texas, as well as holds ownership in four Permian-to-Gulf Coast pipelines.

APA Fundamentals Summary

How do APA's earnings and revenue compare to its market cap?
APA fundamental statistics
Market CapUS$10.93b
Earnings (TTM)US$601.00m
Revenue (TTM)US$7.00b

18.2x

P/E Ratio

1.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
APA income statement (TTM)
RevenueUS$7.00b
Cost of RevenueUS$2.64b
Gross ProfitUS$4.36b
ExpensesUS$3.76b
EarningsUS$601.00m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.65
Gross Margin62.30%
Net Profit Margin8.59%
Debt/Equity Ratio1,218.5%

How did APA perform over the long term?

See historical performance and comparison

Dividends

1.7%

Current Dividend Yield

9%

Payout Ratio

Valuation

Is APA undervalued compared to its fair value and its price relative to the market?

18.19x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: APA ($30.1) is trading above our estimate of fair value ($21.08)

Significantly Below Fair Value: APA is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: APA is poor value based on its PE Ratio (18.2x) compared to the US Oil and Gas industry average (17.9x).

PE vs Market: APA is poor value based on its PE Ratio (18.2x) compared to the US market (16.7x).


Price to Earnings Growth Ratio

PEG Ratio: APA is poor value based on its PEG Ratio (3.4x)


Price to Book Ratio

PB vs Industry: APA has negative assets, so we can't compare its PB Ratio to the US Oil and Gas industry average.


Future Growth

How is APA forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?

5.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: APA's forecast earnings growth (5.4% per year) is above the savings rate (2%).

Earnings vs Market: APA's earnings (5.4% per year) are forecast to grow slower than the US market (13.1% per year).

High Growth Earnings: APA's earnings are forecast to grow, but not significantly.

Revenue vs Market: APA's revenue is expected to decline over the next 3 years (-2.5% per year).

High Growth Revenue: APA's revenue is forecast to decline over the next 3 years (-2.5% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: APA's Return on Equity is forecast to be high in 3 years time (20.4%)


Past Performance

How has APA performed over the past 5 years?

-21.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: APA has a large one-off gain of $3.8B impacting its September 30 2021 financial results.

Growing Profit Margin: APA became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: APA has become profitable over the past 5 years, growing earnings by -21.9% per year.

Accelerating Growth: APA has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: APA has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (17.4%).


Return on Equity

High ROE: Whilst APA's Return on Equity (145.95%) is outstanding, this metric is skewed due to their high level of debt.


Financial Health

How is APA's financial position?


Financial Position Analysis

Short Term Liabilities: APA's short term assets ($2.2B) exceed its short term liabilities ($1.8B).

Long Term Liabilities: APA's short term assets ($2.2B) do not cover its long term liabilities ($10.9B).


Debt to Equity History and Analysis

Debt Level: APA's net debt to equity ratio (1156.2%) is considered high.

Reducing Debt: APA's debt to equity ratio has increased from 109.7% to 1218.5% over the past 5 years.

Debt Coverage: APA's debt is well covered by operating cash flow (39.5%).

Interest Coverage: Insufficient data to determine if APA's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is APA current dividend yield, its reliability and sustainability?

1.66%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: APA's dividend (1.66%) is higher than the bottom 25% of dividend payers in the US market (1.36%).

High Dividend: APA's dividend (1.66%) is low compared to the top 25% of dividend payers in the US market (3.55%).


Stability and Growth of Payments

Stable Dividend: APA's dividends per share have been stable in the past 10 years.

Growing Dividend: APA's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (8.6%), APA's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: APA's dividends in 3 years are forecast to be thoroughly covered by earnings (9% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.2yrs

Average management tenure


CEO

John Christmann (54 yo)

7yrs

Tenure

US$14,321,225

Compensation

Mr. John J. Christmann, IV, has been the Chief Executive Officer, President and Director of APA Corporation since January 20, 2015 and served as its Executive Vice President and Chief Operating Officer of...


CEO Compensation Analysis

Compensation vs Market: John's total compensation ($USD14.32M) is about average for companies of similar size in the US market ($USD11.42M).

Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: APA's management team is seasoned and experienced (5.2 years average tenure).


Board Members

Experienced Board: APA's board of directors are considered experienced (7.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

APA Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: APA Corporation
  • Ticker: APA
  • Exchange: NasdaqGS
  • Founded: 1954
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Implied Market Cap: US$10.935b
  • Shares outstanding: 363.27m
  • Website: https://apacorp.com

Number of Employees


Location

  • APA Corporation
  • 2000 Post Oak Boulevard
  • Suite 100
  • Houston
  • Texas
  • 77056-4000
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/21 23:35
End of Day Share Price2022/01/21 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.