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APA Corporation (NASDAQ:APA<\/b><\/a>) is among the stocks in focus as Jim Cramer reviewed the S&P 500\u2019s top performers and the Nasdaq 100\u2019s biggest laggards for the first quarter<\/b><\/a>. Cramer mentioned that the company has no exposure to the Persian Gulf, as he remarked:<\/p>\n Next up, I was a little surprised that with crude oil up more than 70% year to date, there were only three oil plays among the S&P\u2019s top 10 performers, APA, Texas Pacific Land, which you know we\u2019ve liked a lot, and Occidental Petroleum, which frankly we haven\u2019t liked at all. APA, the old Apache, finished the quarter up nearly 75%. That\u2019s good for fifth place in the index. This is a major independent oil and gas producer that\u2019s been a long-term underperformer, but crucially, they have no exposure to the Persian Gulf.<\/p>\n<\/blockquote>\n Stock market data. Photo by Burak The Weekender on Pexels<\/p>\n APA Corporation (NASDAQ:APA) is an independent energy company that focuses on the exploration, development, and production of crude oil and natural gas in addition to handling natural gas liquids. During the episode aired on June 26, 2025, Cramer highlighted that the stock was cheap compared to its assets, as he said:<\/p>\n Finally rounding things out\u2026 APA, the old Apache, [it] can run, but they can\u2019t hide. This is an oil and gas company, primarily natural gas. Apache\u2019s been a huge disappointment over the years. Maybe now that it\u2019s APA, it won\u2019t be. Well, anyway, maybe M&A\u2019s picking up.<\/p>\n I had to wonder whether there\u2019s something going on here because otherwise it shouldn\u2019t be going up. I still prefer Coterra for natural gas. Still, no denying that Apache\u2019s cheap versus its assets, and no denying that it\u2019s not a tech company.<\/p>\n<\/blockquote>\n It is important to note that since the above comment was aired, APA Corporation\u2019s (NASDAQ:APA) share price is up by over 124%.<\/p>\n While we acknowledge the potential of APA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock<\/b><\/a>.<\/p>\n READ NEXT: <\/b>33 Stocks That Should Double in 3 Years<\/b><\/a> and <\/b>15 Stocks That Will Make You Rich in 10 Years<\/b><\/a>\u00a0<\/b><\/p>\n Disclosure: None. Follow Insider Monkey on Google News<\/b><\/a>.<\/b><\/p>\n<\/p><\/div>\n\n
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