What Happened?
A number of stocks fell in the afternoon session after signals of de-escalation in the U.S.-Iran conflict caused oil prices to fall, removing a key support for the energy sector.
The drop in crude prices came after President Trump suggested the U.S. could wind down its military campaign against Iran within weeks, and Iran's president stated a readiness to end the war. This news unwound the "war premium" that had boosted oil stocks during the conflict. As a result, West Texas Intermediate (WTI) crude oil fell about 2% to trade below $101 a barrel. The decline was also fueled by traders taking profits after a strong run in energy stocks.
The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.
Among others, the following stocks were impacted:
- Upstream Natural Gas E&P company BKV (NYSE: BKV) fell 2.6%. Is now the time to buy BKV? Access our full analysis report here, it’s free.
- U.S. Shale E&P company Permian Resources (NYSE: PR) fell 3.2%. Is now the time to buy Permian Resources? Access our full analysis report here, it’s free.
- Upstream Natural Gas E&P company Range Resources (NYSE: RRC) fell 2.9%. Is now the time to buy Range Resources? Access our full analysis report here, it’s free.
- Mixed or Offshore Upstream E&P company APA Corporation (NASDAQ: APA) fell 3.2%. Is now the time to buy APA Corporation? Access our full analysis report here, it’s free.
- U.S. Shale E&P company Viper Energy (NASDAQ: VNOM) fell 2.9%. Is now the time to buy Viper Energy? Access our full analysis report here, it’s free.
Zooming In On APA Corporation (APA)
APA Corporation’s shares are very volatile and have had 20 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
APA Corporation is up 62% since the beginning of the year, and at $41.08 per share, it is trading close to its 52-week high of $44.39 from March 2026. Investors who bought $1,000 worth of APA Corporation’s shares 5 years ago would now be looking at an investment worth $2,179.
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