The Stock Of The Week: APA Corporation (APA)

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As of Wednesday close, APA Corporation’s (NASDAQ:APA) stock was down -$1.0, moving down -2.09 percent to $46.78. The average number of shares traded per day over the past five days has been 6,058,280 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.65 fall in that time frame. In the last twenty days, the average volume was 6,701,180, while in the previous 50 days, it was 8,126,368.

Since last month, APA stock rose 3.50%. Shares of the company fell to $42.96 on 10/24/22, 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 $22.94. Since the beginning of this year, APA’s stock price has risen by 73.97% or $19.89, and marked a new high 37 times. However, the stock has declined by -9.95% since its 52-week high.

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APA stock investors should be aware that APA Corporation (APA) stock had its last reported insider trading activity 193 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

Right now, APA Corporation (APA) has a P/E ratio of about 4.47. The stock’s beta is 3.70. Besides these, the trailing price-to-sales (P/S) ratio of 1.40, the price-to-book (PB) ratio of 25.70, and the price-to-cash flow ratio of 3.44 may also be considered.

The latest dividend of $0.25 per share was paid out, which is 100.0% more than last year’s $0.1250. On Wednesday September 14 2022, a $0.1250 dividend increase was announced.

Financial Health

In the three months ended June 29, APA Corporation’s quick ratio stood at 0.90, while its current ratio was 1.10, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 9.01, and the total debt-to-equity ratio was 9.21. On the profitability front, the trailing twelve-month gross margin is 69.80% percent. In the year ended June 29, operating margins totaled 53.60%. Based on annual data, APA earned $1.89 billion in gross profit and brought in $7.93 billion in revenue.

In APA Corporation’s quarter-end financial report for June 29, it reported total debt of $14.8 billion. According to the earnings report, the company had a lower 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 $2.33 quarterly earnings, the actual figure was $2.37 per share, beating the consensus estimate by 1.70%. During the quarter, the company generated $1.48 billion in EBITDA. The liabilities of APA Corporation were 12.08 billion at the end of its most recent quarter ended June 29, and its total debt was $5.41 billion. The value of shareholders’ equity is $321.51 million.

Technical Picture

This quick technical analysis looks at APA Corporation’s (APA) price momentum. With a historical volatility rate of 50.56%, the RSI 9-day stood at 50.96% on 23 November.

With respect to its five-day moving average, the current APA Corporation price is down by -1.37% percent or -$0.65. At present, APA shares trade +1.52% above its 20-day simple moving average and +42.93% percent above its 100-day simple moving average. However, the stock is currently trading approximately +12.07% above its SMA50 and +42.32% above its SMA200.

Stochastic coefficient K was 47.39% and Stochastic coefficient D was 44.88%, while ATR was 2.29. Given the Stochastic reading of 49.60% for the 14-day period, the RSI (14) reading has been calculated as 53.43%. As of today, the MACD Oscillator reading stands at -0.67, while the 14-day reading stands at -0.93.

Analyst Ratings

Jefferies launched its rating on APA Corporation (NASDAQ: APA) to a Hold in a note to investors on October 19, 2022. APA Corporation (APA) has been rated Overweight by analysts. According to 1 brokerage firm, APA is a sell, and 10 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 4 analysts rate APA Corporation stock as buy, with 14 recommending it as overweight.

With a median target price of $54.00, the current consensus forecast for the stock is $40.00 – $71.00. Based on these forecasts, analysts predict APA Corporation (APA) will achieve an average price target of $55.35.


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