How APA Corporation (APA) Works From A Technical Perspective

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APA Corporation (NASDAQ:APA) finished Thursday with a subtraction of -$1.32 to close at $37.11, a downside of -3.43 percent. An average of 7,605,560 shares of common stock have been traded in the last five days. There was a fall of -$4.38 in the past week, and it reached a new high 46 times over the past 12 months. The last 20 days have seen an average of 7,842,300 shares traded, while the 50-day average volume stands at 7,665,566.

APA stock has decreased by -4.33% in the last month. The company shares reached their 1-month lowest point of $36.01 on 09/07/22. With the stock rallying to its 52-week high on 06/08/22, shares of the company touched a low of $19.16 and a high of $51.95 in 52 weeks. It has reached a new high 37 times so far this year and achieved 38.01% or $10.22 in price. In spite of this, the price is down -28.57% from the 52-week high.


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Insider Transactions

130 days have passed since APA Corporation (APA) last reported insider trading activity. LANNIE P ANTHONY, who is Exec. Vice Pres & Gen Counsel, most recently acquired $86,750 shares at $41.26 per share on May 16. In this transaction, the insider spent $3,579,305. Exec. Vice Pres & Gen Counsel, LANNIE P ANTHONY, disposed of 40,800 shares at a price of $39.90 on Mar 07. The insider now owns more than $1,627,920 worth of shares. Prior to that, Executive Vice Pres & CFO Riney Stephen J went on to Sale 12,300 shares at $31.41 each on Feb 24. An amount of $386,404 was transacted.

Valuation Metrics

APA Corporation (APA) has a trailing price-to-earnings (P/E) ratio of 4.18. The stock’s beta is 3.79. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.23, the price-to-book (PB) ratio at 21.70, and the price-to-cash flow ratio at 3.01.

The company has a payout ratio of 3.80%. The company’s most recent quarterly dividend payment was $0.25 a share, representing a up of 100.0% from $0.1250 last year. Its latest increase dividend $0.1250 reported on Wednesday September 14 2022.

Financial Health

The quick ratio of APA Corporation for the three months ended June 29 was 0.90, and the current ratio was 1.10, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 8.84 and a total debt to equity ratio of 9.05 for the quarter ending June 29. Its gross profit as reported stood at $1.89 billion compared to revenue of $7.93 billion.

Earnings Surprise

For the three-month period that ended June 29, APA Corporation had $14.8 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $791.0 million in the quarter, while revenues were grew 100.51%. The analyst consensus anticipated APA Corporation’s latest quarter earnings to come in at $2.33 per share, but it turned out to be $2.37, a 1.70% surprise. For the quarter, EBITDA amounted to $1.74 billion. Shareholders own equity worth $326.53 million.

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 22 September was 39.24%, suggesting the stock is Neutral, with historical volatility in this time frame at 53.65%.

As of today, APA’s price is $39.21 -10.56% or -$4.38 from its 5-day moving average. APA is currently trading -7.94% lower than its 20-day SMA and -9.33% lower than its 100-day SMA. However, the stock’s current price level is +12.80% above the SMA50 and +43.56% above the SMA200.

The stochastic %K and %D were 36.02% and 50.70%, respectively, and the average true range (ATR) was 2.08. With the 14-day stochastic at 16.68% and the average true range at 2.07, the RSI (14) stands at 45.30%. The stock has reached -1.44 on the 9-day MACD Oscillator while the 14-day reading was at -0.67.

Analyst Ratings

Citigroup upgraded APA Corporation (NASDAQ: APA) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral. 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 11 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 13 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 $38.00 and $76.00, with a median target of $54.00. Taking a look at these predictions, the average price target given by analysts for APA Corporation (APA) stock is $55.12.

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