APA Corporation (APA): What Technical Indicators Show

APA Corporation (NASDAQ:APA) saw an upside of 1.73% to close Friday at $21.80 after adding $0.37 on the day. The 5-day average trading volume is 13,796,740 shares of the company’s common stock. It has gained $23.78 in the past week and touched a new high 2 times within the past 5 days. An average of 9,329,435 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 8,595,472.

APA’s 1-month performance is 14.44% or $2.75 on its low of $18.52 reached on 09/20/21. The company’s shares have touched a 52-week low of $7.45 and high of $24.30, with the stock’s rally to the 52-week high happening on 06/07/21. YTD, APA has achieved 53.63% or $7.61 and has reached a new high 14 times. However, the current price is down -10.29%% from the 52-week high price.


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Insider Transactions

On Aug 10, 55 days have gone by since the last insider trading activity for APA Corporation (APA). Joung Chansoo (Director) most recently sold 20,000 shares at $19.06 per share on Aug 10. This transaction cost the insider $381,178. Executive Vice Pres & CFO, Riney Stephen J, sold 35,000 shares at a price of $19.38 on Mar 18.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 360.80 and a low of 8.989. APA stock has a beta of 4.78. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.36 while the price to cash flow ratio at 3.37.

APA Corporation pays an annual dividend of $0.10 per share. Its dividend yield is 0.46% and the payout ratio is 5.30%. APA paid $0.0630 a share compared with prior rate of $0.0250, up 60.32% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend increase of $0.0380 reported on Monday September 20 2021.

It is projected that APA Corporation’s next ex-dividend date will be on 21-Oct-2021. APA is expected to distribute $0.0625 as its next dividend.

APA Corporation’s quick ratio for the period ended June 29 was 1.40, with the current ratio over the same period at 1.70 meaning that APA stock is able to fulfill its debt obligations. In terms of profitability, the gross margin trailing 12 months is 65.10%The trailing 12-month EBITDA margin is 49.63% while for the period ending June 29; APA Corporation’s operating margin was 23.90%. The firm’s gross profit as reported stood at -$4.84 billion against revenue of $4.31 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected APA to announce $0.57 per share in earnings in its latest quarter, but it posted $0.7, representing a 22.80% surprise. EBITDA for the quarter stood at more than $846.0 million. APA stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 13.44 billion, with total debt at $8.74 billion

Technical Picture

Let’s look briefly at APA Corporation (APA) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 01 October was 59.56% to suggest the stock is trending Neutral, with historical volatility in this time period at 67.28%.

The stock’s 5-day moving average is $21.89, reflecting a -0.50% or -$0.11 change from its current price. APA is currently trading +9.82% above its 20-day SMA, +3.61% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +19.45% and +37.19% respectively.

Stochastic %K and %D was 56.61% and 60.91% and the average true range (ATR) pointed at 1.18. The RSI (14) points at 58.94%, while the 14-day stochastic is at 62.32% with the period’s ATR at 1.11. The stock’s 9-day MACD Oscillator is pointing at 0.19 and 0.69 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for APA Corporation (NASDAQ: APA), Citigroup downgraded it to a Neutral rating. They previously had a Buy rating on the stock. Analysts offering their rating for APA stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate APA as a “sell,”, while 18 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 3 rates the stock as overweight while 8 have offered a “buy” rating.

What is APA’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $21.00 and a high of $40.00, with their median price target at $27.00. Looking at these predictions, the average price target given by analysts is for APA Corporation (APA) stock is $28.11.

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