Analysis Of The Weekly Performance Of APA Corporation (APA)

APA Corporation (NASDAQ:APA) finished Tuesday with an addition of $0.15 to close at $22.21, an upside of 0.68 percent. An average of 11,986,600 shares of common stock have been traded in the last five days. There was a gain of $0.52 in the past week. The last 20 days have seen an average of 9,921,420 shares traded, while the 50-day average volume stands at 8,831,656.

APA stock has increased by 12.91% in the last month. The company shares reached their 1-month lowest point of $18.52 on 09/20/21. With the stock rallying to its 52-week high on 06/07/21, shares of the company touched a low of $7.45 and a high of $24.30 in 52 weeks. In spite of this, the price is down -8.60% from the 52-week high.

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Insider Transactions

57 days have passed since APA Corporation (APA) last reported insider trading activity. Joung Chansoo, who is Director, most recently acquired $20,000 shares at $19.06 per share on Aug 10. In this transaction, the insider spent $381,178. Executive Vice Pres & CFO, Riney Stephen J, disposed of 35,000 shares at a price of $19.38 on Mar 18. The insider now owns more than $678,440 worth of shares.

Valuation Metrics

APA Corporation (APA) has a trailing price-to-earnings (P/E) ratio of 11.86, which compares with the 18.90 for the broader industry and 18.99 for the sector. This means investors are optimistic about the stock’s future prospects. In the last five years, APA Corporation’s PE ratio has ranged between 360.80 and 8.989. The stock’s beta is 4.78. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.38, and the price-to-cash flow ratio at 3.44.

APA Corporation will next go ex-dividend on 21-Oct-2021. The next dividend payment APA Corporation will make is expected to be $0.0625.

The quick ratio of APA Corporation for the three months ended June 29 was 1.40, and the current ratio was 1.70, indicating that the company is able to meet its debt obligations. On the profitability front, the trailing 12-month gross margin is 65.10% against a 5-year average of 29.0%. APA Corporation’s EBITDA margin for the year ending June 29 is 49.63%, while its operating margin for the same period stands at 23.90%. Its gross profit as reported stood at -$4.84 billion compared to revenue of $4.31 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, APA Corporation’s return on assets was 5.40%, compared to -9.8% over the last five years. In the past year, the return on investment has been -60.50%, and the 5-year average is -13.3%. Meanwhile, the return on equity (ROE) for the past 12 months has been -51.60% and the 5-year average holds at -134.0%.

Technical Picture

From a technical analysis perspective, let’s take a brief look at APA Corporation (APA) price momentum. RSI 9-day as of the close on 05 October was 62.43%, suggesting the stock is Neutral, with historical volatility in this time frame at 60.20%.

As of today, APA’s price is $21.75 +2.40% or $0.52 from its 5-day moving average. APA is currently trading +13.72% higher than its 20-day SMA and +8.87% higher than its 100-day SMA. However, the stock’s current price level is +17.89% above the SMA50 and +41.02% above the SMA200.

The stochastic %K and %D were 66.57% and 61.60%, respectively, and the average true range (ATR) was 1.15. With the 14-day stochastic at 70.12% and the average true range at 1.10, the RSI (14) stands at 60.82%. The stock has reached 0.12 on the 9-day MACD Oscillator while the 14-day reading was at 0.91.

Analyst Ratings

Citigroup downgraded APA Corporation (NASDAQ: APA) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a a Buy.The consensus rating for APA Corporation (APA) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell APA, while 18 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 8 others rate it as a “buy”.

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

Analysts predict a range of price targets between $21.00 and $43.00, with a median target of $27.00. Taking a look at these predictions, the average price target given by analysts for APA Corporation (APA) stock is $28.39.


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