APA Corporation (APA): What Does Valuation Ratios Tell Us?

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APA Corporation (NASDAQ:APA) saw a downside of -2.87% to close Tuesday at $44.06 after subtracting -$1.3 on the day. The 5-day average trading volume is 5,009,440 shares of the company’s common stock. It has gained $46.21 in the past week and touched a new high 1 time within the past 5 days. An average of 5,312,870 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,945,012.

APA’s 1-month performance is -5.59% or -$3.19 on its low of $41.36 reached on 01/05/23. The company’s shares have touched a 52-week low of $27.98 and high of $51.95, with the stock’s rally to the 52-week high happening on 01/03/23. YTD, APA has lost -5.61% or -$2.62 and has reached a new high 1 time. However, the current price is down -15.19% from the 52-week high price.

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Insider Transactions

APA stock investors last saw insider trading activity on May 16.LANNIE P ANTHONY (Exec. Vice Pres & Gen Counsel) most recently sold 86,750 shares at $41.26 per share on May 16. This transaction cost the insider $3,579,305. Exec. Vice Pres & Gen Counsel, LANNIE P ANTHONY, sold 40,800 shares at a price of $39.90 on Mar 07. Then, on Feb 24, Executive Vice Pres & CFO Riney Stephen J sold 12,300 shares at a price of $31.41 per share. This transaction amounted to $386,404.

Valuation Metrics

APA stock has a beta of 3.61. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.30 while the price-to-book (PB) in the most recent quarter is 24.21, with the price to cash flow ratio at 3.20.

APA Corporation’s quick ratio for the period ended September 29 was 0.90, with the current ratio over the same period at 1.10. As well, the company’s long term debt to equity for the quarter ending September 29 was 9.01, while the total debt to equity was 9.21.. In terms of profitability, the gross margin trailing 12 months is 69.80%. The firm’s gross profit as reported stood at $1.89 billion against revenue of $7.93 billion.

Earnings Surprise

For the quarterly period ending September 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 100.51% to $791.0 million, while revenue of -$113.0 million was 114.29% off the previous quarter. Analysts expected APA to announce $1.78 per share in earnings in its latest quarter, but it posted $1.97, representing a 10.70% surprise. EBITDA for the quarter stood at more than $1.48 billion. APA stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 12.08 billion, with total debt at $5.64 billion. Shareholders hold equity totaling $321.51 million.

Let’s look briefly at APA Corporation (APA) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 45.84% to suggest the stock is trending Neutral, with historical volatility in this time period at 30.87%.

The stock’s 5-day moving average is $44.75, reflecting a -2.39% or -$1.08 change from its current price. APA is currently trading -1.41% above its 20-day SMA, +12.05% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -3.27% and SMA200 by+7.96%.

Stochastic %K and %D was 68.60% and 67.98% and the average true range (ATR) pointed at 1.69. The RSI (14) points at 47.45%, while the 14-day stochastic is at 55.67% with the period’s ATR at 1.78. The stock’s 9-day MACD Oscillator is pointing at 0.02 and 0.78 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for APA Corporation (NASDAQ: APA), Morgan Stanley downgraded it to an Equal-weight rating. They previously had an Overweight rating on the stock. Analysts offering their rating for APA stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate APA as a “sell,”, while 11 advise that investors “Hold.” 2 analysts have rated the stock as underweight. 4 rates the stock as overweight while 11 have offered a “buy” rating.

What is APA’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $42.00 and a high of $71.00, with their median price target at $52.50. Looking at these predictions, the average price target given by analysts is for APA Corporation (APA) stock is $54.15.

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