APA Corporation (NASDAQ:APA) currently has a daily average trading volume of 6.15M but it saw 4449999 shares traded in last market. With a market cap of 10.23B USD, the company’s current market price of $33.91 came rising about 0.36 while comparing to the previous closing price of $33.79. In past 52 weeks, the stock remained buoying in the range of price level as high as $46.15 and as low as $29.47.
Taking a look at 20-day trading activity of APA Corporation (APA) gives us an average price of $31.27, while its current price level is -26.51% below from 52-week high level whereas it is 15.07% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $31.13 while that of 200 days or SMA-200 reads an average of $36.70. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.95% during that period while stretching the period over a month that decreases to 2.60%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 69.00 which implies that the stock is in neutral territory.
Citigroup downgraded its recommendation for the stock as a “Neutral” from “Buy” on November 22, 2023 while assigning a price target range of $52-$37. Bernstein also issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $51 and $50.
Over the week, APA’s stock price is moving 4.43% up while it is 7.86% when we observe its performance for the past one month. Year-to-date it is -5.49% down and over the past year, the stock is showing a downside performance of -3.22%.
The latest quarterly earnings report issued by the company was for quarter ended 12/30/2023, when its quarterly earnings per share (EPS) of $1.15 beaten by the consensus estimate of $1.35 for the same. For APA, analysts are forecasting an EPS-growth rate of -10.80% for current year and estimate for EPS growth in next year is 25.20%. In next quarter, company is expected to be making quarterly sales of $2.25 billion as analysts are expecting the sales for current fiscal year at $8.82 billion and seeing the company making $9.81 billion in sales next year. Moreover, analysts are in estimates of $1.82 billion for current-quarter revenue.
Currently, APA Corporation’s total number of outstanding shares is 303.58M with 0.48% of that held by the insiders while 85.15% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 35.66% and return on equity (ROE) at 185.51%. It has a price to earnings ratio (P/E ratio) of 3.66 while having a 6.83 of forward P/E ratio. Stock’s beta reads 3.27. Stock has a price to book (P/B) ratio of 3.88 while price to sale or P/S ratio amounts to 1.24. Its return on asset (ROA) is 20.11% on average.
