Oil plunge sends U.S. energy sector to near 16-year low [Reuters]
APA Corporation (APA)
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Source: Reuters
Oil plunge sends U.S. energy sector to near 16-year low NEW YORK (Reuters) - Holding shares of U.S. energy companies has long been a rough ride for even the most committed investors. On Monday, it became even more turbulent. The S&P 500 energy sector tumbled 20.1% on Monday, as crude prices crashed after top producers Saudi Arabia and Russia began a price war. The S&P energy sector - already battered by concerns over the economic fallout of the coronavirus outbreak - touched its lowest level since 2004. For 2020, the sector is now down more than 40% compared to a 15% drop for the overall S&P 500. “The last two months have been a horror movie for energy investors,” Stewart Glickman, energy analyst at CFRA Research, said in a report. Among the 27 stocks in the sector, shares of Apache Corp and Occidental Petroleum dropped over 50% each on Monday, and Marathon Oil and Diamondback Energy dropped more than 40% apiece. Shares of Exxon Mobil and Chevron Corp, the lone energy sector component
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News
- APA Co. (NASDAQ: APA) had its price target lowered by analysts at UBS Group AG from $29.00 to $28.00. They now have a "neutral" rating on the stock.MarketBeat
- APA Co. (NASDAQ: APA) had its price target lowered by analysts at Piper Sandler from $28.00 to $26.00. They now have a "neutral" rating on the stock.MarketBeat
- UBS: APA Corporation (NASDAQ:APA) Is A Bottom-Ranked Quant Stock [Yahoo! Finance]Yahoo! Finance
- APA Q3 Earnings Miss Even as Callon Buyout Drives Production [Yahoo! Finance]Yahoo! Finance
- APA Co. (NASDAQ: APA) had its price target lowered by analysts at JPMorgan Chase & Co. from $29.00 to $25.00. They now have a "neutral" rating on the stock.MarketBeat
APA
Earnings
- 11/6/24 - Miss
APA
Sec Filings
- 11/14/24 - Form SC
- 11/14/24 - Form SC
- 11/12/24 - Form 4
- APA's page on the SEC website