The stock of APA Corporation (NASDAQ:APA) decreased by -$1.01 on Tuesday to $43.65, down -2.27 percent. The last five days have seen an average of 3,729,434 shares of common stock traded. 2 times new highs were reached in the current year, with a fall of -$3.00. The average number of shares traded over the last 20 days was 4,376,354, while the average volume over the last 50 days totaled 4,878,609.
APA stock appreciated 20.13% since last month. On 07/17/23, the company’s shares reached a one-month low of $36.17. The stock touched a high of $50.58 on 01/27/23, after rallying from a low of $30.67 in 52 weeks. The price of APA stock has declined by -6.50% or -$3.00 this year, reaching a new high 2 times. Still, the stock price is down -13.71% from the 52-week high.
Valuation Metrics
APA Corporation (APA) has a trailing price-to-earnings (P/E) ratio of 9.27. Beta for the stock is 3.51. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.44, the price-to-book (PB) ratio of 18.98, and the price-to-cash flow ratio of 22.14.
Company paid $0.25 per share in dividends, remained unchanged from $0.25 last year. A $0.1250 dividend increase was reported on Wednesday September 14 2022.
Financial Health
For the three months ended June 29, APA Corporation’s quick ratio was 0.80, while its current ratio was 1.00, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 7.86, and the total debt to equity ratio is 7.86. As far as profitability goes, gross margin for the trailing twelve months is 70.90% percent. APA Corporation’s EBITDA margin for the year ended June 29 was 59.95%, whereas its operating margin stood at 41.00% for the same period. Based on annual data, it had gross profit of $5.73 billion and revenue of $12.13 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. APA’s return on assets (ROA) during the last 12 months has been 11.20%. There was a 76.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 273.50%.
Earnings Surprise
According to APA Corporation’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $2.01 billion, while revenues fell by -2.54% to $3.08 billion. It was predicted that APA Corporation’s quarterly earnings would be $0.85, but it ended up being $0.75, beating the consensus by 13.30%. EBITDA was $1.07 billion for the quarter. At the end of APA Corporation’s most recent quarter ended June 29, its liabilities totaled 11.55 billion, while its total debt was $5.68 billion. Equity owned by shareholders amounts to $307.26 million.
Technical Picture
Here’s a quick look at APA Corporation’s (APA) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 66.28%, suggesting the stock is Neutral, with a 35.64% historical volatility rate.
The stochastic %K and %D were 85.22% and 86.69% respectively, while the average true range (ATR) was 1.35. Based on the 14-day stochastic reading of 74.82%, the RSI (14) reading is 67.73%. On the 9-day MACD Oscillator, the stock is at 1.00, and the 14-day reading is at 2.26.
Analyst Ratings
In its analyst report released on July 13, 2023, The Benchmark Company began covering APA Corporation (NASDAQ: APA). The stock was rated as a Buy by the brokerage firm. Analysts have assigned APA Corporation (APA) an Overweight rating. APA is a stock that is recommended for selling by 2 brokerage firms, while 10 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 4 rates it overweight and 13 others recommend it as a buy.
What is APA’s price target for the next 12 months?
The current consensus forecast for the stock is between $30.00 and $65.00, with a median target price of $48.00. In analyzing these forecasts, the average price target given by analysts for APA Corporation (APA) is $47.37.
