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APA Corporation, an independent energy company, operates in the U.S., Egypt, and the North Sea, with exploration activities in Suriname and interests in Uruguay. Recent analyst ratings show a "Hold" status, with price targets ranging from $24 to $48, reflecting mixed investor sentiment. Institutional investors hold 83.01% of the stock, indicating strong backing despite fluctuating price targets.
Guyana and Suriname have selected China Road & Bridge Corp. to construct a $236 million bridge over the Corentyne River, linking the two nations. Each country will cover 50% of the project's cost, and they have requested financing from the Chinese government.
Exxon Mobil Corp. has withdrawn from an offshore oil-exploration block in Suriname, transferring its 50% stake to Petronas, which operates the project and holds the remaining share. This decision comes shortly after Exxon’s significant oil discovery in nearby Guyanese waters.
APA Corporation, an independent energy company, operates in the U.S., Egypt, and the North Sea, with exploration activities in Suriname and interests in Uruguay. Analysts have recently lowered the stock"s price targets, with a consensus "Hold" rating and an average target of $32.81. Institutional investors hold 83.01% of APA"s shares, reflecting significant confidence in the company"s operations.
Newmont's CEO, Thomas Ronald Palmer, sold 20,000 shares at $53.81, totaling $1,076,200, while EVP Peter Toth sold 3,000 shares for $161,430, both transactions reflecting no change in ownership percentage. Institutional investors hold 68.85% of the stock, with recent downgrades from UBS and other analysts adjusting price targets. Newmont reported a quarterly earnings miss, with revenue up 84.7% year-over-year.
Suriname's credit rating has been upgraded by Moody’s from Caa3 to Caa1, reflecting a positive outlook due to significant offshore oil discoveries. The upgrade is attributed to expected economic and fiscal benefits from major drilling projects approved by leading oil companies.
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Analysts Downgrade APA Price Target Amid Mixed Ratings and Market Activity
14:33 10.12.2024
Guyana and Suriname Select Chinese Firm for 236 Million Dollar Bridge Project
19:33 08.12.2024
exxon mobil exits offshore suriname oil exploration transferring stake to petronas
20:32 20.11.2024
analysts lower price targets for apa amid mixed stock ratings
19:41 18.11.2024
executives sell shares as newmont faces mixed analyst ratings and stock performance
Newmont Corporation
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Thomas Ronald Palmer
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13:10 30.10.2024
suriname receives credit rating upgrade due to offshore oil discoveries
23:09 22.10.2024
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