10 Oversold Midcap Stocks to Buy Right Now

5. APA Corporation (NASDAQ:APA)

Forward P/E: 5.80

Analysts Upside Potential as of November 14: 44.82%

Year to date performance as of November 14: -39.02%

APA Corporation (NASDAQ:APA) is an independent energy company that explores for, develops, and produces natural gas, crude oil, and natural gas liquids. It has oil and gas operations in the United States, Egypt, and the North Sea.

Amid the slump year to date, APA Corporation (NASDAQ:APA) is one of the oversold mid-cap stocks to buy as it is well positioned to benefit from the Trump Administration reducing regulations in US oil drilling. The company delivered strong Q3 results on November 6, 2024, with adjusted earnings of $370 million ($1 per share) and $1.3 billion in net cash from operating activities, driven by higher production and lower costs. APA also benefits from significant cash flow from US third-party gas trading activities.

APA Corporation (NASDAQ:APA) is trading at a significant discount, going by the 5.80 price-to-earnings multiple compared to 23 for the S&P 500. Additionally, the stock has proved worth generating value for shareholders, going by its 4.57% dividend yield.