APA Corp. stock falls 1.88% for fourth straight loss
Updated
Updated · MarketWatch · May 8
APA Corp. stock falls 1.88% for fourth straight loss
7 articles · Updated · MarketWatch · May 8
Shares closed at $35.56 on Friday, while the S&P 500 rose 0.84% to 7,398.93 and the Dow Jones Industrial Average added 0.02% to 49,609.16.
The stock finished 22.12% below its 52-week high of $45.66 reached on 30 March and lagged peers including EOG Resources, SLB and Occidental Petroleum.
Trading volume was 9.1 million shares, about 124,720 below its 50-day average of 9.2 million, indicating slightly lighter activity during the latest decline.
Why did APA's stock plummet after announcing a massive earnings beat and raising its outlook?
With its Suriname mega-project years from launch, can APA withstand the collapse in U.S. natural gas prices?