# APA Stock vs the S&P 500: Returns, Risk and Crash History

> APA Corporation, energy (market value $15.1 billion), an S&P 500 member: how it compared with the S&P 500, how it behaved in every crash since 2008, its risk‑adjusted returns and what analysts said. Returns to Oct 30, 2026; analyst data as of Nov 9, 2026.

Source: https://www.exent.ai/stocks/apa · Reviewed by David, Senior Analyst, Exent · Published Nov 9, 2026 · Updated Nov 10, 2026

**What changed since Nov 2, 2026:** 2 new ratings · Buy ratings 32% → 31% · analysts covering 28 → 29 · 4★+ analysts covering 16 → 17

## Key takeaways

- APA returned +135.1% over the 5 years to Oct 30, 2026 versus +75.9% for the S&P 500: it beat the index.
- Its 5-year Sharpe ratio was 0.51 against 0.58 for the S&P 500.
- Its deepest crisis drawdown was −84.9% in the covid crash (feb–mar 2020) (S&P 500: −34.1%).
- Five‑year volatility was 47.8% and beta 0.30.
- 29 analysts rated it in the past year; 31% of their latest calls were Buy.
- APA beat earnings estimates in 7 of its last 12 reports; the stock moved 5.1% on average, up or down, around each report.

## Did APA beat the S&P 500?

Over the 5 years to Oct 30, 2026, APA Corporation (APA) returned **+135.1%** including dividends, versus **+75.9%** for the S&P 500 (SPY). It beat the index by 59.2 percentage points, or +18.6% a year against +12.0%.

| Period | APA | S&P 500 | APA per year | S&P 500 per year | Result |
| --- | --- | --- | --- | --- | --- |
| 1 year | +139.9% | +12.0% | +139.9% | +12.0% | Beat |
| 3 years | +49.0% | +87.4% | +14.2% | +23.3% | Lagged |
| 5 years | +135.1% | +75.9% | +18.6% | +12.0% | Beat |
| 10 years | +14.7% | +316.3% | +1.4% | +15.3% | Lagged |

Total return with dividends reinvested, from month-end prices to Oct 30, 2026. Beating the index on raw return is only half the story: the next section adjusts for the risk taken. See also [how to beat the S&P 500](https://www.exent.ai/beat-the-market).

APA is in the [S&P 500](https://www.exent.ai/stocks/sp-500) (members as of Oct 20, 2026); the list shows every member’s return against the index.

## What Wall Street analysts say about APA

In the 12 months to 30 days ago, 29 analysts published 330 ratings on APA. Their latest calls were 31% Buy, 55% Hold and 14% Sell. 17 of them rank 4★ or higher in Exent’s analyst scoring, which is based on each analyst’s past price‑target hit rate and returns.

The consensus 12‑month price target was $47.40 (range $39.00–$62.00), +5.1% from the last price. Remember that the average analyst’s target is hit only about half the time: [how accurate are price targets?](https://www.exent.ai/resources/are-analyst-price-targets-accurate)

| Top‑ranked analyst covering | Firm | Stars | Price‑target hit rate |
| --- | --- | --- | --- |
| [John Freeman](https://www.exent.ai/analysts/john-freeman) | [Raymond James](https://www.exent.ai/firms/raymond-james) | 5.0★ | 31.3% |
| Members only | Members only | 4.9★ | 59.6% |
| Members only | Members only | 4.9★ | 56.3% |
| Members only | Members only | 4.9★ | 38.6% |
| Members only | Members only | 4.9★ | 44.1% |

Other analysts covering APA: [Chris Baker](https://www.exent.ai/analysts/chris-baker) · [Subash Chandra](https://www.exent.ai/analysts/subash-chandra) · [Mark Lear](https://www.exent.ai/analysts/mark-lear) · [Devin McDermott](https://www.exent.ai/analysts/devin-mcdermott) · [Arun Jayaram](https://www.exent.ai/analysts/arun-jayaram) · [Neil Mehta](https://www.exent.ai/analysts/neil-mehta)

Ratings are shown with a 30‑day delay. Who the top‑ranked analysts on APA are, their live calls and the median target of only the top‑rated analysts are in [Exent Gems](https://www.exent.ai/radar).

The average analyst’s target is reached about 53.1% of the time; Exent Gems is built on the top 50 of Exent’s ranking,where some reached 90% or more over the last two years. [Unlock the top 50 analysts](https://www.exent.ai/radar).

## APA returns by year vs the S&P 500

APA beat the S&P 500 in 2 of the 9 full calendar years shown.

| Year | APA | S&P 500 | Difference |
| --- | --- | --- | --- |
| 2026 (to Oct 30, 2026) | +122.1% | +11.7% | +110.4% |
| 2025 | +11.5% | +17.7% | −6.2% |
| 2024 | −33.4% | +24.9% | −58.3% |
| 2023 | −21.2% | +26.2% | −47.4% |
| 2022 | +76.4% | −18.2% | +94.6% |
| 2021 | +90.8% | +28.7% | +62.1% |
| 2020 | −43.7% | +18.3% | −62.0% |
| 2019 | +1.1% | +31.2% | −30.1% |
| 2018 | −36.4% | −4.6% | −31.8% |
| 2017 | −32.1% | +21.7% | −53.8% |

## APA risk-adjusted returns: Sharpe, Sortino and volatility

Over 5 years, APA had a Sharpe ratio of **0.51** against 0.58 for the S&P 500, so it earned less return per unit of risk than the index. Its annualized volatility was 44.2% and its beta 0.30: it tended to move about 0.3× as much as the market.

| Metric | APA | S&P 500 |
| --- | --- | --- |
| Annual return | +18.6% | +12.0% |
| Volatility (annualized) | 44.2% | 15.5% |
| Sharpe ratio | 0.51 | 0.58 |
| Sortino ratio | 0.92 | 0.91 |
| Max drawdown (month-end) | −63.9% | −23.9% |
| Beta to the S&P 500 | 0.30 | 1.00 |

[Sharpe](https://www.exent.ai/learn/sharpe-ratio) divides return above cash by total volatility; [Sortino](https://www.exent.ai/learn/sortino-ratio) counts only downside volatility. Both use monthly returns and the 1–3 month T‑bill ETF (BIL) as the risk‑free rate.

## How APA behaved in past crashes

APA’s deepest fall in the crises below was **−84.9%** in the covid crash (feb–mar 2020), against −34.1% for the S&P 500. The last column turns that into money: what a $100,000 position would have lost from peak to trough.

| Crisis | APA | S&P 500 | Loss on $100,000 |
| --- | --- | --- | --- |
| Global financial crisis (2007–09) | −65.0% | −56.5% | −$65,000 |
| 2018 trade-war selloff | −48.5% | −20.2% | −$48,480 |
| COVID crash (Feb–Mar 2020) | −84.9% | −34.1% | −$84,920 |
| 2022 inflation bear market | −40.3% | −25.4% | −$40,300 |
| 2025 tariff selloff | −40.6% | −19.0% | −$40,600 |

| Window | APA max drawdown |
| --- | --- |
| Last 1 year | −27.7% |
| Last 3 years | −61.0% |
| Last 5 years | −70.5% |
| Last 10 years | −94.0% |

Peak‑to‑trough declines from daily prices inside each crisis window. A crash replay does not predict the next crisis; it shows how much room a holding needs. Run the same replay on a whole portfolio with the [crash test](https://www.exent.ai/tools/crash-test).

## What moves with APA, and what doesn’t

Correlation runs from −1 (moves opposite) to +1 (moves in lockstep). Over the last 60 months of monthly returns, APA’s correlation with the S&P 500 was **0.10**, with the Nasdaq‑100 −0.12, with long Treasuries (TLT) −0.06 and with gold (GLD) −0.03.

Adding a 5% APA position to an S&P 500 portfolio would have moved its 5‑year volatility from 15.5% to 15.1%.

| Least correlated large caps | Correlation | Most correlated large caps | Correlation |
| --- | --- | --- | --- |
|  | −0.33 |  | 0.85 |
|  | −0.31 |  | 0.75 |
|  | −0.28 |  | 0.74 |
|  | −0.27 |  | 0.73 |
|  | −0.27 |  | 0.69 |

Holdings that are highly correlated behave like one position in a selloff. See [how to find hidden overlap](https://www.exent.ai/resources/is-my-portfolio-diversified).

## Latest APA upgrades, downgrades and price‑target changes

| Date | Rating and target | Analyst |
| --- | --- | --- |
| Nov 5 | Target raised Sell Target $47, was $44 | [Neil Mehta](https://www.exent.ai/analysts/neil-mehta) Goldman Sachs |
| Nov 5 | Target raised Hold Target $53, was $40 | [Chris Baker](https://www.exent.ai/analysts/chris-baker) Evercore ISI |
| Oct 15 | Target raised Sell Target $43, was $41 | [Devin McDermott](https://www.exent.ai/analysts/devin-mcdermott) Morgan Stanley |
| Oct 15 | New coverage Hold Target $44 | [Mark Lear](https://www.exent.ai/analysts/mark-lear) Scotiabank |
| Oct 15 | Target cut Sell Target $41, was $43 | [Devin McDermott](https://www.exent.ai/analysts/devin-mcdermott) Morgan Stanley |
| Oct 14 | New coverage Hold Target $44, was $37 | [Mark Lear](https://www.exent.ai/analysts/mark-lear) Scotiabank |
| Oct 12 | Target raised Hold Target $45, was $44 | Gabriel Daoud Truist Financial |
| Oct 8 | Target raised Hold Target $46, was $41 | [Arun Jayaram](https://www.exent.ai/analysts/arun-jayaram) J.P. Morgan |
| Sep 30 | Target raised Sell Target $44, was $43 | [Neil Mehta](https://www.exent.ai/analysts/neil-mehta) Goldman Sachs |
| Sep 21 | Target raised Hold Target $44, was $39 | Gabriel Daoud Truist Financial |
| Sep 10 | New coverage Buy Target $62, was $20 | David Deckelbaum Stifel Nicolaus |

Named analysts’ rating and price‑target changes on APA in the 5 weeks to Oct 12, 2026, shown 30 days after publication (the free analysts’ calls 3 days after). The top‑ranked analysts’ calls are in [Exent Gems](https://www.exent.ai/radar). [See all of the latest analyst upgrades and downgrades](https://www.exent.ai/analysts/upgrades).

## Do analysts get APA right?

Of the 613 analyst price targets on APA set from 2019 until a year ago, **56.6%** were reached within 12 months (data to Oct 20, 2026), 12.0 points below the 68.6% hit rate of the median stock in Exent’s study of 794 stocks. Targets that were reached took a median of 50 days. The median target sat 18.6% above the share price on the day it was set.

Where analysts said APA would be by now: a year ago, 14 analysts had a price target on APA, and the median of their latest targets was **$23.00**. On Oct 20, 2026 APA closed at $49.88, 116.9% above it.

- **56.6%** of targets reached within 12 months

- **50 days** median time to reach a target

- **+116.9%** price now vs the median target set a year ago

| After | Calls | Move on the call | 3 months vs S&P 500 |
| --- | --- | --- | --- |
| Upgrades of APA | 23 | +4.8% | −8.1% |
| Upgrades, all stocks | 11,514 | +2.5% | +3.4% |
| Downgrades of APA | 19 | −6.2% | +5.1% |
| Downgrades, all stocks | 10,700 | −3.0% | −1.6% |

The move on the call runs from the close before the rating change to the close after it; the last column is the stock’s return minus the S&P 500’s over the next three months. Averages of rating changes on APA through Sep 15, 2026; analysts are not named here. [Do analyst upgrades move stocks?](https://www.exent.ai/resources/do-analyst-upgrades-move-stocks)

## How APA moves after earnings

APA beat the consensus earnings‑per‑share estimate in **7 of its last 12** quarterly reports, through the one on Aug 5, 2026, and the revenue estimate in 10 of 12. From the close before each report to the close after it, the stock moved 5.1% on average, up or down, against 6.8% for the average report across the 1,002 US stocks Exent tracks. It rose after 6 of the 12 reports. In 2 of the 7 beats the stock still fell.

- **7/12** earnings beats

- **±5.1%** average move per report

- **6/12** reports followed by a rise

| Report | EPS vs estimate | Revenue vs estimate | Stock move |
| --- | --- | --- | --- |
| Aug 5, 2026 | $1.89 vs $1.90 | −2.5% | +2.0% |
| May 6, 2026 | $1.38 vs $1.11 | +3.8% | −12.6% |
| Feb 25, 2026 | $0.91 vs $0.64 | +12.1% | +1.7% |
| Nov 5, 2025 | $0.93 vs $0.79 | +2.7% | +7.0% |
| Aug 6, 2025 | $0.87 vs $0.45 | +5.6% | +4.7% |
| May 7, 2025 | $1.06 vs $0.83 | +20.0% | +2.9% |
| Feb 26, 2025 | $0.79 vs $0.97 | +17.4% | −8.7% |
| Nov 7, 2024 | $1.00 vs $1.01 | +11.9% | −12.0% |

Reported earnings per share against the consensus estimate, revenue surprise in percent, and the stock’s price change over the two sessions around the report. [How stocks move after earnings](https://www.exent.ai/resources/how-stocks-move-after-earnings)

## Where APA’s revenue comes from

In fiscal 2025 (the year to Dec 31, 2025), APA’s largest reported region was Segment United States, with 52.8% of its $7.2 billion revenue. By region: Segment United States 52.8%; North Sea 47.2%.

By business, the largest segment was Oil and Gas, with 50.0% of $17.8 billion revenue.

| Segment | Revenue | Share | Growth |
| --- | --- | --- | --- |
| Oil and Gas | $8.9 billion | 50.0% | — |
| Oil And Gas, Excluding Purchased | $7.2 billion | 40.5% | −11.8% |
| Oil and Gas, Purchased | $1.7 billion | 9.5% | +9.7% |

From APA’s annual filings; segment growth compares fiscal 2025 with the year before. Regions are as each company reports them, so one company’s “Asia Pacific” is not another’s. China counts the regions a company reports as China, Greater China or Hong Kong; a separately reported Taiwan is not counted. [Which S&P 500 companies depend most on China?](https://www.exent.ai/resources/sp-500-china-revenue-exposure)

## Members of Congress who traded APA

As of Oct 20, 2026, **7 members of Congress** had disclosed 10 trades in APA (4 buys and 6 sales) in STOCK Act disclosures filed with the House and Senate. The latest public trade is dated Jan 9, 2026.

| Trade date | Member | Type | Amount |
| --- | --- | --- | --- |
| Jan 9, 2026 | [Gilbert Cisneros](https://www.exent.ai/congress/gilbert-cisneros) | Sale | $1,001–$15,000 |
| Aug 5, 2025 | [Gilbert Cisneros](https://www.exent.ai/congress/gilbert-cisneros) | Buy | $1,001–$15,000 |
| Sep 21, 2023 | [John Ricketts](https://www.exent.ai/congress/john-ricketts) | Sale | $50,001–$100,000 |
| Aug 3, 2022 | [Thomas Suozzi](https://www.exent.ai/congress/thomas-suozzi) | Buy | $15,001–$50,000 |
| Aug 3, 2022 | [Kathy Manning](https://www.exent.ai/congress/kathy-manning) | Sale | $1,001–$15,000 |
| Jul 20, 2022 | [Kathy Manning](https://www.exent.ai/congress/kathy-manning) | Buy | $1,001–$15,000 |
| Dec 26, 2018 | [Lois Frankel](https://www.exent.ai/congress/lois-frankel) | Sale | $1,001–$15,000 |
| Jun 15, 2017 | [Patty Murray](https://www.exent.ai/congress/patty-murray) | Sale | $1,001–$15,000 |
| Mar 16, 2017 | [Patty Murray](https://www.exent.ai/congress/patty-murray) | Buy | $1,001–$15,000 |
| Sep 4, 2014 | [Sheldon Whitehouse](https://www.exent.ai/congress/sheldon-whitehouse) | Sale | $50,001–$100,000 |

Amounts are the ranges members report, not exact values. The STOCK Act gives members up to 45 days to disclose a trade, so trades appear weeks after they are made. [See every member’s disclosed trades](https://www.exent.ai/congress)

## Are APA insiders buying or selling?

In the 12 months to Oct 20, 2026, APA insiders made **no open‑market purchases** and **2 sales** worth $1.2 million, according to SEC Form 4 filings. The last open‑market purchase on record was on Apr 3, 2025.

After the 26 insider purchases of $10,000 or more since 2012, APA beat the S&P 500 by an average of 3.6 percentage points over the next 12 months; 35% of them were followed by a beat. Across all 17,865 insider purchases in Exent’s study, the average was +17.2% and the median +1.0% against the index.

| Date | Insider | Role | Value |
| --- | --- | --- | --- |
| Apr 3, 2025 | Joung Chansoo | Director | $1.4 million |
| Dec 12, 2024 | Ellis Juliet S | Director | $100,027 |
| Feb 25, 2022 | Joung Chansoo | Director | $1.3 million |
| Feb 24, 2022 | Riney Stephen J | Executive Vice Pres & CFO | $198,258 |
| Mar 12, 2021 | Ellis Juliet S | Director | $100,217 |

The table lists the latest open‑market purchases on record, leaving out the last 30 days. The chart counts Form 4 purchases and sales by calendar quarter. Purchases are open‑market buys; sales include planned sales under 10b5‑1 trading plans. [Do insider buys beat the market?](https://www.exent.ai/resources/do-insider-buys-beat-the-market)

## How much of APA is sold short?

As of the Sep 30, 2026 settlement date, **7.32%** of APA’s float was sold short: 25.5 million shares, or 3.8 days of average trading volume to cover. A year earlier (Oct 15, 2025) it was 10.58%. The median across the 997 US stocks Exent tracks was 4.77%, so APA is more heavily shorted than most.

From FINRA short‑interest reports, filed twice a month; the bars show the short share of the float at each month‑end. Days to cover divides the shares short by the average daily volume. [The most shorted stocks](https://www.exent.ai/resources/most-shorted-stocks)

## How many institutions own APA?

At the end of Q2 2026 (Jun 30, 2026), **859 institutions** reported holding APA in 13F filings, down 11 from the quarter before and up from 673 a year earlier. Their reported holdings add up to 105.0% of APA’s shares. In the quarter 433 institutions added to their positions and 255 cut them.

- **859** 13F holders

- **127** new positions

- **138** positions closed

- **105.0%** of shares held by 13F filers

Investment managers with over $100 million in US equities file 13F reports within 45 days of each quarter end, so this is the latest complete quarter. Holdings can add up to more than 100% when shares are lent and counted twice. [Which stocks institutions are buying and selling](https://www.exent.ai/resources/institutional-ownership-13f-changes)

## Is APA diluting shareholders?

APA’s diluted share count **fell 5.0%** over the five fiscal years to fiscal 2025 and rose 1.7% in fiscal 2025 alone. Each share now owns a larger slice of the company. The median change across the 1,005 US stocks Exent tracks was −0.1%.

APA spent $280.0 million buying back shares, a buyback yield of 1.73% of its market value; stock pay equaled 0.0% of the buybacks.

- **+1.7%** share count, 1 year

- **−5.0%** share count, 5 years

- **0.0%** stock pay as % of revenue

- **1.73%** buyback yield

Weighted‑average diluted shares from APA’s annual income statements; stock‑based compensation and buybacks from its cash‑flow statement. [Stock dilution and stock‑based compensation, explained](https://www.exent.ai/resources/stock-dilution-and-stock-based-compensation)

## APA financial health scores

In Exent’s Oct 20, 2026 snapshot, APA’s Altman Z‑score was **2.21**, in the grey zone (where 149 of the 794 non‑financial US stocks Exent tracks sit). Its Piotroski F‑score was **7 out of 9**; 40% of scored stocks reach 7 or more.

- **2.21** Altman Z‑score: grey zone

- **7/9** Piotroski F‑score

The Altman Z‑score combines five balance‑sheet and earnings ratios into one bankruptcy‑risk score: below 1.81 is the distress zone, 1.81–2.99 grey, above 2.99 safe. It is not meaningful for banks, insurers and REITs. The Piotroski F‑score counts nine yes/no tests of profitability, leverage and efficiency; 8–9 is strong, 0–2 weak. Both come from the latest annual statements. [Which stocks have the highest bankruptcy risk?](https://www.exent.ai/resources/altman-z-score-bankruptcy-risk-stocks)

## What APA talks about on earnings calls

On its latest earnings call (Aug 6, 2026), APA’s executives and analysts did not mention AI, against 0 on the call before (May 7, 2026); the average across 455 S&P 500 calls that quarter was 12.9. Tariffs and recession did not come up.

| Mentions | Aug ’26 | May ’26 | Feb ’26 | Nov ’25 |
| --- | --- | --- | --- | --- |
| AI | 0 | 0 | 0 | 0 |
| AI agents | 0 | 0 | 0 | 0 |
| Data centers | 0 | 0 | 0 | 0 |
| Tariffs | 0 | 0 | 0 | 0 |
| China | 0 | 0 | 0 | 0 |
| Recession | 0 | 0 | 0 | 0 |

Word counts in the full transcript of each call, prepared remarks and Q&A, newest first. “AI” also counts generative AI and large language models; “AI agents” counts agentic AI. [Which companies talk most about AI?](https://www.exent.ai/resources/ai-mentions-on-earnings-calls)

## Which ETFs hold APA?

As of Oct 20, 2026, **53** of the 304 ETFs Exent tracks held APA. Its largest weight is in DVY (iShares Select Dividend ETF), at 1.43% of the fund.

| ETF | Fund | Weight of APA |
| --- | --- | --- |
| [DVY](https://www.exent.ai/etfs/dvy) | iShares Select Dividend ETF | 1.43% |
| [XLE](https://www.exent.ai/etfs/xle) | State Street Energy Select Sector SPDR ETF | 0.84% |
| [DFAT](https://www.exent.ai/etfs/dfat) | Dimensional U.S. Targeted Value ETF | 0.84% |
| FENY | Fidelity MSCI Energy Index ETF | 0.66% |
| VDE | Vanguard Energy Index Fund ETF Shares | 0.60% |
| DFSV | Dimensional US Small Cap Value ETF | 0.59% |
| [CLSE](https://www.exent.ai/etfs/clse) | Convergence Long/Short Equity ETF | 0.57% |
| [SCHD](https://www.exent.ai/etfs/schd) | Schwab U.S. Dividend Equity ETF | 0.43% |

Owning several of these funds stacks the same position. [How much do VOO, QQQ and VTI overlap?](https://www.exent.ai/resources/etf-overlap-voo-qqq-vti)

## How much is APA’s CEO paid?

John J. Christmann, APA’s Chief Executive Officer, received total pay of **$13.2 million** for fiscal 2025, up 15.4% from $11.4 million for fiscal 2024, according to the company’s [proxy statement](https://www.sec.gov/Archives/edgar/data/1841666/000119312526149453/0001193125-26-149453-index.htm) filed with the SEC on Apr 9, 2026. 60% of it came as stock and option awards, valued when they were granted rather than when they pay out. The median CEO pay across the 378 S&P 500 companies Exent tracks was $17.2 million, so APA’s CEO earned less than most.

| Pay component | Amount | Share of total |
| --- | --- | --- |
| Salary | $1.3 million | 9.8% |
| Stock and option awards | $7.9 million | 60.0% |
| Incentive plan (cash) | $3.5 million | 26.2% |
| Other | $531,725 | 4.0% |

| Other top executives | Role | Total pay, 2025 |
| --- | --- | --- |
| Stephen J. Riney | President | $7.9 million |
| Kimberly O. Warnica | EVP, Chief Legal Officer, and Corporate Secretary | $4.2 million |
| D. Clay Bretches | Former EVP, Operations | $4.1 million |
| Tracey K. Henderson | EVP, Exploration | $3.8 million |

Figures from the summary compensation table of the proxy statement; awards count at their grant‑date value, so one large multi‑year grant can make a single year stand out. [CEO pay across the S&P 500](https://www.exent.ai/resources/ceo-pay-sp-500)

## The right benchmark for APA

Exent matches every holding to the index with the most similar risk. For APA that is **SPY** (the S&P 500). Comparing a holding with an index that carries very different risk makes good results look bad and risky ones look clever. Read [why the S&P 500 is the wrong benchmark for most portfolios](https://www.exent.ai/resources/why-the-sp-500-is-the-wrong-benchmark).

## Other energy stocks

| Ticker | Name | 5‑year return | Volatility (5y) |
| --- | --- | --- | --- |
|  | Exxon Mobil Corporation | +246.1% | 26.7% |
|  | Chevron Corporation | +151.3% | 25.3% |
|  | ConocoPhillips | +146.9% | 32.8% |
|  | Marathon Petroleum Corporation | +654.0% | 33.1% |
|  | Valero Energy Corporation | +503.4% | 37.0% |
|  | Phillips 66 | +353.5% | 33.3% |
|  | The Williams Companies, Inc. | +229.7% | 23.6% |
|  | EOG Resources, Inc. | +127.2% | 32.4% |

## Data and methodology

Returns are total returns from month‑end adjusted closing prices (dividends reinvested) through Oct 30, 2026. Crisis drawdowns and trailing maximum drawdowns use daily prices. Analyst coverage counts ratings published in the last 12 months, shown with a 30‑day delay. Full method: [Exent methodology](https://www.exent.ai/methodology).

Company data as of Oct 20, 2026. The move around an earnings report runs from the close before it to the close after it; a price target counts as hit when the stock closed at or beyond it within 12 months (Exent analyst data). Revenue by region and segment, share counts and executive pay come from company filings; insider trades from SEC Form 4, short interest from FINRA, institutional ownership from 13F filings, Congress trades from STOCK Act disclosures filed with the House and Senate, federal contracts from USAspending.gov. Filings from the last 30 days are shown as counts only.

Past performance does not guarantee future results. Historical figures are calculated by Exent from market data and are for education only; they are not investment advice or a recommendation to buy or sell any security.

## Check APA with Exent Gems

Wall Street’s average APA price target is 5.1% above the latest share price. See what the best‑ranked analysts on APA say now in Exent Gems.

1. Exent ranks Wall Street analysts by their past price‑target hit rate and returns, and keeps the best‑ranked few.
2. Gems shows who the top‑ranked analysts covering APA are, their live calls and the median target of only the top‑rated analysts.
3. Gems flags the stocks where several top‑ranked analysts agree: a starting point for your own research, not a promise.

Exent is our product: [Exent Gems](https://www.exent.ai/radar)

Also: [Stress‑test your portfolio with APA](https://www.exent.ai/portfolio)

## Frequently asked questions

### Did APA beat the S&P 500 over the last 10 years?

No. APA returned +14.7% (+1.4% a year) over the 10 years to Oct 30, 2026, versus +316.3% (+15.3% a year) for the S&P 500, including dividends.

### Is APA in the S&P 500?

Yes. As of Oct 20, 2026, APA (APA Corporation) is one of the 503 stocks in the S&P 500.

### Is APA in the Nasdaq-100?

No. As of Oct 20, 2026, APA (APA Corporation) is not one of the 101 stocks in the Nasdaq-100.

### How much did APA fall in the 2008 crash?

APA fell −65.0% from peak to trough during the global financial crisis (2007–09), versus −56.5% for the S&P 500.

### How much did APA fall in the COVID crash?

APA fell −84.9% from peak to trough during the covid crash (feb–mar 2020), versus −34.1% for the S&P 500.

### How much did APA fall in the 2022 bear market?

APA fell −40.3% from peak to trough during the 2022 inflation bear market, versus −25.4% for the S&P 500.

### What is APA’s Sharpe ratio?

Over the 5 years to Oct 30, 2026, APA’s Sharpe ratio was 0.51 and its Sortino ratio 0.92, versus 0.58 and 0.91 for the S&P 500.

### Is APA a volatile stock?

APA’s 5‑year annualized volatility was 47.8%, higher than the S&P 500’s 17.0%, with a beta of 0.30.

### What is least correlated with APA?

Among large US stocks, the lowest correlations with APA over the last 60 months were CRWD (−0.33), CDNS (−0.31), FTNT (−0.28). Its correlation with long Treasuries (TLT) was −0.06 and with gold (GLD) −0.03.

### Does APA usually beat earnings estimates?

APA beat the consensus earnings-per-share estimate in 7 of its last 12 quarterly reports through Aug 5, 2026, and the revenue estimate in 10 of 12. The stock moved 5.1% on average, up or down, from the close before each report to the close after it.

### How much does APA’s CEO make?

John J. Christmann, APA’s Chief Executive Officer, received $13.2 million in total pay for fiscal 2025, including a $1.3 million salary and $7.9 million in stock and option awards valued at grant, according to the proxy statement filed with the SEC on Apr 9, 2026. The median S&P 500 CEO received $17.2 million.

### Have members of Congress traded APA?

Yes. As of Oct 20, 2026, 7 members of Congress had disclosed 10 trades in APA (4 buys and 6 sales) in STOCK Act disclosures filed with the House and Senate.

### What is APA’s short interest?

As of the Sep 30, 2026 settlement date, 7.32% of APA’s float was sold short (25.5 million shares, 3.8 days to cover), according to FINRA short-interest reports. A year earlier it was 10.58%.

### Is APA diluting shareholders?

No. APA’s diluted share count fell 5.0% over the five fiscal years to fiscal 2025 and rose 1.7% in the latest year. Stock-based compensation was 0.0% of revenue, and buybacks totaled $280.0 million.

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Educational content, not investment advice. Past performance does not guarantee future results.