APA Corp. (APA) Tumbles 9.8% on Double-Digit Oil Plunge

APA Corp. (NASDAQ:APA) is one of the 10 Stocks Investors Are Dumping Right Now.

APA Corp. fell by 9.80 percent on Wednesday to finish at $38.75 apiece, mirroring the decline on crude oil prices after the US and Iran agreed to a two-week ceasefire.

APA Corp. (NASDAQ:APA) fell alongside its energy counterparts following President Donald Trump’s announcement that the US and Iran have agreed to a two-week ceasefire on condition of the latter reopening the Strait of Hormuz.

Photo from APA Corporation website

The strait is a critical waterway passage where 20 percent of global crude oil demand passes through. Since the start of the war, it was ordered shut under Iranian control, sending prices of global crude oil and natural gas soaring, as shipping firms were forced to look for alternative paths to transport the said commodities.

Over the past weeks since the war started, APA Corp. (NASDAQ:APA) and its oil and gas peers have benefitted from the price surge, sparking buying appetite for their stocks as investors bet that it would propel their profit margins higher for the first quarter.

In other news, APA Corp. (NASDAQ:APA) said that shareholders on record as of April 22, 2026 are set to receive $0.25 worth of dividends per share held, payable on May 22.

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