The Stock Of The Week: APA Corporation (APA)

At the last check on Friday, APA Corporation’s (NASDAQ:APA) stock was up $2.72, moving up 7.15 percent to $40.75. The average number of shares traded per day over the past five days has been 9,568,289 shares. 1 time new highs have been achieved over the past 5 days, with a -$3.12 fall in that time frame. In the last twenty days, the average volume was 9,925,082, while in the previous 50 days, it was 9,368,073.

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Since last month, APA stock retreated -9.84%. Shares of the company fell to $36.12 on 05/10/22, the lowest level in the past month. A 52-week high of $45.27 was reached on 05/04/22 after having rallying from a 52-week low of $15.55. Since the beginning of this year, APA’s stock price has risen by 41.43% or $14.10, and marked a new high 31 times. However, the stock has declined by -9.98% since its 52-week high.

APA Corporation (APA) last reported insider trading activity 67 days ago on Mar 07. LANNIE P ANTHONY, the Exec. Vice Pres & Gen Counsel of the company, disposed of 40,800 shares for $39.90 on Mar 07. It resulted in a $1,627,920 divestment by the insider. Joung Chansoo added 40,000 shares at an average price of $32.92 on Feb 25. The insider now owns 65,285 shares following the transaction. On Feb 24, Executive Vice Pres & CFO Riney Stephen J bought 6,300 shares at $31.47 apiece. The transaction was valued at $198,258.

Valuation Metrics

The latest dividend of $0.1250 per share was paid out, remained unchanged from last year’s $0.1250. On Wednesday November 3 2021, a $0.0620 dividend increase was announced.

Financial Health

In the three months ended March 30, APA Corporation’s quick ratio stood at 1.00, while its current ratio was 1.20, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 64.70% percent. In the year ended March 30, operating margins totaled 54.00%. Based on annual data, APA earned $1.89 billion in gross profit and brought in $7.93 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 31.20%. Return on equity (ROE) for the past 12 months was -268.80%.

In APA Corporation’s quarter-end financial report for March 30, it reported total debt of $14.8 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. APA’s revenue rose 76.08% to $2.06 billion during the quarter, while net income inched up to $4.78 billion. While analysts expected APA Corporation to report $2.13 quarterly earnings, the actual figure was $1.92 per share, beating the consensus estimate by -9.90%. During the quarter, the company generated $986.0 million in EBITDA. The liabilities of APA Corporation were 14.02 billion at the end of its most recent quarter ended March 30, and its total debt was $7.76 billion. The value of shareholders’ equity is $346.78 million.

Technical Picture

This quick technical analysis looks at APA Corporation’s (APA) price momentum. With a historical volatility rate of 119.13%, the RSI 9-day stood at 51.70% on 12 May.

With respect to its five-day moving average, the current APA Corporation price is down by -7.07% percent or -$3.12. At present, APA shares trade -6.16% below its 20-day simple moving average and +71.22% percent above its 100-day simple moving average. However, the stock is currently trading approximately +7.08% above its SMA50 and +114.83% above its SMA200.

Stochastic coefficient K was 32.63% and Stochastic coefficient D was 22.28%, while ATR was 3.00. Given the Stochastic reading of 53.22% for the 14-day period, the RSI (14) reading has been calculated as 50.93%. As of today, the MACD Oscillator reading stands at -1.49, while the 14-day reading stands at -1.39.

Analyst Ratings

Mizuho upgraded its rating on APA Corporation (NASDAQ: APA) to a Buy in a note to investors on March 31, 2022. The analysts firm previously had a Neutral rating on the stock.APA Corporation (APA) has been rated Overweight by analysts. According to 1 brokerage firm, APA is a sell, and 13 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate APA Corporation stock as buy, with 11 recommending it as overweight.

With a median target price of $53.00, the current consensus forecast for the stock is $41.00 – $75.00. Based on these forecasts, analysts predict APA Corporation (APA) will achieve an average price target of $53.66.


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