Valued at a market cap of $6.7 billion, APA Corporation (APA) is an independent energy company that explores for, develops, and produces natural gas, crude oil, and natural gas liquids. The Houston, Texas-based company has oil and gas operations in the United States, Egypt, and the North Sea.
Companies valued between $2 billion and $10 billion are generally classified as “mid-cap stocks," and APA fits this criterion perfectly. The company also has exploration and appraisal activities in Suriname and holds interests in projects located in Uruguay and internationally. It maintains a diversified asset portfolio, including conventional and unconventional, onshore and offshore, oil and natural gas exploration and production interests.
