Updating your Aggressive stocks: Apa, Six Flags Entertainment and Keysight Technologies

Article Excerpt

APA CORP. $23 (www.apacorp.com) is a hold. The company produces oil and natural gas in the U.S., Egypt and the U.K. In April 2024, APA acquired Callon Petroleum Company (New York symbol CPE) in an all-stock merger worth $4.5 billion. APA also assumed Callon’s debt of $2.0 billion. That increased its long-term debt to $6.34 billion (as of September 30, 2024), which is a somewhat high 73% of its $8.63 billion market cap. To help pay down that debt, the company recently sold some of its less-important Permian properties for $774 million. APA is a hold. SIX FLAGS ENTERTAINMENT CORP. $45 (www.sixflags.com) is a hold. The company operates 27 amusement parks, 15 water parks and 9 resort properties in the U.S., Canada and Mexico. It now plans to spend $1 billion in 2025 and 2026 on new rides and attractions, which should help attract more customers. However, its long-term debt of $4.57 billion (as of September 30, 2024) is a high 100% of its market cap. Six Flags is…