APA APA
United StatesEnergy · Oil & Gas E&PUSD
46.20 USD (+5.5%)
25 analysts
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APA Corporation is an independent oil and gas exploration and production company, with main operations in the Permian Basin (US) and Egypt, generating value through hydrocarbon production and asset portfolio management.
Key points
from its scores- ✓Good share-price trend9.8
- ✓Favourable backdrop8.7
- ✓Attractive valuation8.5
- !Modest dividend5.9
AI analysis
bottom line, main risk, context and newsThe combination of a solid balance sheet, high profitability and low valuation offers a favorable risk/reward profile for the long-term investor.
APA Corporation presents solid fundamentals: a healthy balance sheet (Net Debt/EBITDA of 0.60), exceptional return on invested capital (ROIC of 44.32%) and an attractive valuation (EV/EBITDA of 3.45, FCF yield of 13.99%). Earnings growth of 26.30% and strong momentum (110.99%) reinforce the thesis, although the dividend yield is modest (2.28%).
The main risk is exposure to oil and gas price volatility, which can affect revenue and cash flow, despite the strength of the balance sheet and the quality of the assets.
Context and risks
APA Corporation is an independent oil and gas producer with assets in the US (Permian, Eagle Ford) and Egypt. The context of rising US interest rates and a stronger dollar does not materially affect its exploration and production business, given its low leverage (Net Debt/EBITDA of 0.60) and cash generation. Oil price movements are a relevant factor for the sector, but there is no specific news suggesting a material impact on the company's valuation at this time.
Is APA stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 49% below the Energy median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 9.3 | 15.7 | −41% |
| EV / EBITDA | 3.4 | 8.0 | −57% |
| Price / book | 2.2 | 2.2 | −2% |
| Price / sales | 1.8 | 1.9 | −6% |
Sector: median of the 102 Energy companies analysed. In bold, the multiples used for the comparison.
Valuation score: 8.5 out of 10 (median for Energy: 5.9).
Average analyst target: 46.20 USD, +5.5% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 7.6 (sector 6.8), Growth 7.3 (sector 7.2).
Classic formulas with standard assumptions (0.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Energy medianValuation
- P/E
- 9.3
- Forward P/E
- 9.6
- EV / EBITDA
- 3.4
- Price / book
- 2.2
- Price / sales
- 1.8
- PEG
- 1.19
- Market cap
- 15.3B USD
- Enterprise value
- 19.7B USD
Profitability
- ROE
- 26.7%
- ROA
- 11.6%
- ROIC (approx.)
- 44.3%
- Gross margin
- 78.3%
- Operating margin
- 56.3%
- Net margin
- 19.6%
- Free cash flow
- 2.1B USD
- FCF yield
- 14.0%
- Cash conversion
- 38%
Solvency
- Total debt
- 3.9B USD
- Net debt
- 3.4B USD
- Cash
- 444.0M USD
- EBITDA
- 5.7B USD
- Net debt / EBITDA
- 0.60
- Debt / equity
- 48.85
- Current ratio
- 0.95
- Quick ratio
- 0.69
Growth
- Revenue growth
- +9.2%
- Earnings growth
- +26.3%
- EPS (TTM)
- 4.73 USD
- EPS (forward)
- 4.58 USD
Dividend
- Dividend yield
- 2.3%
- Payout
- 21.1%
Risk and market
- Beta
- 0.42
- Analyst consensus
- Hold (25)
- Target price
- 46.20 USD
- 52-week range
- 21.63 – 47.44
Recent news
All APA news →Compare it with its sector
All 102 in Energy →Frequently asked questions about APA
Is APA stock cheap or expensive?
On P/E and EV / EBITDA, it trades 49% below the Energy median on average. Valuation score: 8.5 out of 10 (median for Energy: 5.9). Average analyst target: 46.20 USD, +5.5% versus the price. This is not investment advice.
What score does APA get on MeridIAn Screener?
It scores 8.1 out of 10, rank 6 of 2,130 (better than 100% of the companies analysed). Its strongest category is Momentum (9.8) and its weakest, Dividend (5.9). Analysis of 08/10/2026.
What is APA's P/E ratio?
Its P/E is 9.3: the share price equals 9.3 times earnings per share over the last 12 months. The Energy median is 15.7. Based on the earnings analysts expect, the forward P/E is 9.6.
How much is APA worth on the stock market?
Its market capitalisation is 15.3B USD and its enterprise value, debt included, is 19.7B USD.
How much debt does APA have?
Its net debt (debt minus cash) is 3.4B USD. That is 0.60 times its EBITDA; the Energy median is 1.23.
Does APA pay a dividend?
Yes: its dividend yield is 2.28% and it pays out 21% of its earnings.
How has APA stock performed over the last year?
It has risen 106.7% over the last year, excluding dividends. Over the last 52 weeks it has traded between 21.63 and 47.44 USD. Past performance does not guarantee future results.
What do analysts think of APA?
25 analysts cover it; their average recommendation is “Hold” and their average target is 46.20 USD (+5.5% versus the price). It is an estimate, not market data.