What The Financials Tell Us About APA Corporation (APA)


APA Corporation (NASDAQ:APA) finished Thursday with an addition of $0.73 to close at $45.91, an upside of 1.62 percent. An average of 4,942,160 shares of common stock have been traded in the last five days. There was a fall of -$0.76 in the past week, and it reached a new high 37 times over the past 12 months. The last 20 days have seen an average of 6,227,595 shares traded, while the 50-day average volume stands at 6,648,744.

APA stock has decreased by -1.46% in the last month. The company shares reached their 1-month lowest point of $41.76 on 12/09/22. With the stock rallying to its 52-week high on 06/08/22, shares of the company touched a low of $26.53 and a high of $51.95 in 52 weeks. It has reached a new high 37 times so far this year and achieved 70.73% or $19.02 in price. In spite of this, the price is down -11.63% from the 52-week high.

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Insider Transactions

APA stock investors should be aware that APA Corporation (APA) stock had its last reported insider trading activity 228 days ago 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 4.39. The stock’s beta is 3.59. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.28, the price-to-book (PB) ratio at 25.23, and the price-to-cash flow ratio at 3.15.

The company has a payout ratio of 4.20%. The company’s most recent quarterly dividend payment was $0.25 a share, without any change from 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 9.01 and a total debt to equity ratio of 9.21 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 $1.48 billion. Shareholders own equity worth $321.51 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 29 December was 52.10%, suggesting the stock is Neutral, with historical volatility in this time frame at 58.08%.

As of today, APA’s price is $46.13 -1.63% or -$0.76 from its 5-day moving average. APA is currently trading -2.01% lower than its 20-day SMA and +42.53% higher than its 100-day SMA. However, the stock’s current price level is +15.29% above the SMA50 and +25.10% above the SMA200.

The stochastic %K and %D were 70.27% and 82.86%, respectively, and the average true range (ATR) was 2.09. With the 14-day stochastic at 65.05% and the average true range at 2.10, the RSI (14) stands at 51.72%. The stock has reached 0.79 on the 9-day MACD Oscillator while the 14-day reading was at 1.19.

Analyst Ratings

Jefferies launched coverage on APA Corporation (NASDAQ: APA) in its analyst report released on October 19, 2022. The firm assigned the stock a Hold rating. 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 10 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 4 analysts, while 12 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 $40.00 and $71.00, 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 $55.36.


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