Insight into APA Corporation’s Recent Stock Purchase and Market Performance
On April 3, 2025, Joung Chansoo, a director at NASDAQ:APA, purchased 75,000 shares of APA Corporation’s Common Stock at $18.25 each. This acquisition increased his total holdings to 140,285 shares. APA Corporation is a U.S.-based oil and gas company involved in fracking, competing with firms like Devon Energy and Diamondback Energy.
Despite Chansoo’s purchase, APA’s stock price has faced challenges. Recently, APA’s stock fell by 15.47%, as highlighted by The Motley Fool. This decline is part of a broader trend affecting U.S. oil and gas fracking companies, with Devon Energy and Diamondback Energy also experiencing significant drops of 12.26% and 11.72%, respectively.
The downturn in APA’s stock is linked to the Trump administration’s tariff policy. This policy has negatively impacted the energy sector, despite initial expectations of benefits from deregulation and tax cuts. Tariffs have increased costs for U.S.-focused oil and gas frackers, who rely on domestic and global economic activity and need to purchase heavy equipment.
Currently, APA’s stock price is $17.74, reflecting a decrease of 16.48% with a change of $3.50. The stock has fluctuated between a low of $17.67 and a high of $19.78 today. Over the past year, APA has reached a high of $36.05 and a low of $17.66, indicating significant volatility in its stock performance.
APA’s market capitalization is approximately $6.46 billion, and today’s trading volume is 12.26 million shares. Despite the recent challenges, the company’s market presence remains substantial, and it continues to be a key player in the oil and gas fracking industry.