Would It Be A Good Move Today To Sell APA Corporation (APA) Stock?

As of Thursday close, APA Corporation’s (NASDAQ:APA) stock was down -$1.29, moving down -3.44 percent to $36.21. The average number of shares traded per day over the past five days has been 10,867,440 shares. 1 time new highs have been achieved over the past 5 days, with a -$9.42 fall in that time frame. In the last twenty days, the average volume was 10,069,475, while in the previous 50 days, it was 9,608,016.

Since last month, APA stock retreated -17.98%. Shares of the company fell to $35.42 on 06/23/22, the lowest level in the past month. A 52-week high of $51.95 was reached on 06/08/22 after having rallying from a 52-week low of $15.55. Since the beginning of this year, APA’s stock price has risen by 34.66% or $9.32, and marked a new high 37 times. However, the stock has declined by -30.30% since its 52-week high.

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APA Corporation (APA) last reported insider trading activity 39 days ago on May 16. LANNIE P ANTHONY, the Exec. Vice Pres & Gen Counsel of the company, disposed of 86,750 shares for $41.26 on May 16. It resulted in a $3,579,305 divestment by the insider. LANNIE P ANTHONY sold 40,800 shares at an average price of $39.90 on Mar 07. The insider now owns 145,594 shares following the transaction. On Feb 25, Director Joung Chansoo bought 40,000 shares at $32.92 apiece. The transaction was valued at $1,316,992.

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 68.60% percent. In the year ended March 30, operating margins totaled 49.10%. 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 $2.59 billion in EBITDA. The liabilities of APA Corporation were 11.62 billion at the end of its most recent quarter ended March 30, and its total debt was $6.0 billion. The value of shareholders’ equity is $338.23 million.

Technical Picture

This quick technical analysis looks at APA Corporation’s (APA) price momentum. With a historical volatility rate of 52.82%, the RSI 9-day stood at 23.54% on 23 June.

With respect to its five-day moving average, the current APA Corporation price is down by -20.64% percent or -$9.42. At present, APA shares trade -16.99% below its 20-day simple moving average and +9.16% percent above its 100-day simple moving average. However, the stock is currently trading approximately -11.83% below its SMA50 and +85.41% above its SMA200.

Stochastic coefficient K was 7.50% and Stochastic coefficient D was 8.79%, while ATR was 2.80. Given the Stochastic reading of 4.78% for the 14-day period, the RSI (14) reading has been calculated as 31.68%. As of today, the MACD Oscillator reading stands at -4.32, while the 14-day reading stands at -7.02.

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 12 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 12 recommending it as overweight.

With a median target price of $56.00, the current consensus forecast for the stock is $42.00 – $86.00. Based on these forecasts, analysts predict APA Corporation (APA) will achieve an average price target of $56.52.


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