APA Corporation (NASDAQ:APA) currently has a daily average trading volume of 7.06M but it saw 9791273 shares traded in last market. With a market cap of 10.62B USD, the company’s current market price of $35.21 came falling about -0.37 while comparing to the previous closing price of $35.34. 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 $32.99, while its current price level is -23.70% below from 52-week high level whereas it is 19.48% 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 $31.60 while that of 200 days or SMA-200 reads an average of $36.73. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.02% during that period while stretching the period over a month that decreases to 2.82%. 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 65.41 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 7.09% up while it is 17.25% when we observe its performance for the past one month. Year-to-date it is -1.87% down and over the past year, the stock is showing a downside performance of -2.36%.
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 -9.50% for current year and estimate for EPS growth in next year is 24.90%. In next quarter, company is expected to be making quarterly sales of $2.28 billion as analysts are expecting the sales for current fiscal year at $8.85 billion and seeing the company making $9.77 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 85.16% 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 3.80 while having a 6.91 of forward P/E ratio. Stock’s beta reads 3.30. Stock has a price to book (P/B) ratio of 4.03 while price to sale or P/S ratio amounts to 1.28. Its return on asset (ROA) is 20.11% on average.
