Houston, Texas-based APA Corporation (APA) explores for, develops, and produces natural gas, crude oil, and natural gas liquids. With a market cap of $8.1 billion, the company also has exploration and appraisal activities in Suriname, as well as holds interests in projects located in Uruguay and internationally.
Shares of this independent energy company have significantly underperformed the broader market over the past year. APA has declined 39.9% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 35.7%. In 2024, APA stock is down 38.6%, compared to the SPX’s 25.5% rise on a YTD basis.
