Stockchase Opinions

The Panic-Proof Portfolio (Stockchase Research) APA Corporation APA-N PAST TOP PICK Nov 14, 2024

(A Top Pick Aug 08/24, Down 22%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with APA has triggered its stop at $22.  To remain disciplined, we recommend covering the position at this time.  

$22.220

Stock price when the opinion was issued

oil gas
It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.

You might be interested:

premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O'Reilly

The 400,000 boed oil and gas producer with production in the US Permian, Egypt, and the North Sea recently reported a 42% increase in net income.  It trades at 6x earnings, under 2x book and supports a robust 79% ROE.  Its dividend is backed by a payout ratio under 15% of cash flow.  We recommend setting a stop-loss at $22, looking to achieve $39 -- upside potential of 36%.  Yield 3.7% 

(Analysts’ price target is $39.08)