As of Friday close, APA Corporation’s (NASDAQ:APA) stock was up $0.08, moving up 0.20 percent to $40.22. The average number of shares traded per day over the past five days has been 2,867,500 shares. 2 times new highs have been achieved over the past 5 days, with a -$2.24 fall in that time frame. In the last twenty days, the average volume was 3,934,000, while in the previous 50 days, it was 4,126,226.
Since last month, APA stock retreated -5.45%. Shares of the company fell to $39.97 on 09/21/23, the lowest level in the past month. A 52-week high of $50.58 was reached on 01/27/23 after having rallying from a 52-week low of $30.67. Since the beginning of this year, APA’s stock price has dropped by -13.84% or -$6.46, and marked a new high 2 times. However, the stock has declined by -20.48% since its 52-week high.
Valuation Metrics
Right now, APA Corporation (APA) has a P/E ratio of about 8.54. The stock’s beta is 3.51. Besides these, the trailing price-to-sales (P/S) ratio of 1.37, the price-to-book (PB) ratio of 17.49, and the price-to-cash flow ratio of 20.99 may also be considered.
The latest dividend of $0.25 per share was paid out, remained unchanged from last year’s $0.25. On Wednesday September 14 2022, a $0.1250 dividend increase was announced.
Financial Health
In the three months ended June 30, APA Corporation’s quick ratio stood at 0.80, while its current ratio was 1.00, 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 30 was 7.86, and the total debt-to-equity ratio was 7.86. On the profitability front, the trailing twelve-month gross margin is 70.90% percent. In the year ended June 30, EBITDA margin amounted to 59.95%, whereas operating margins totaled 41.00%. Based on annual data, APA earned $5.73 billion in gross profit and brought in $12.13 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 76.90%. Return on equity (ROE) for the past 12 months was 273.50%.
In APA Corporation’s quarter-end financial report for June 30, it reported total debt of $5.8 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 fell -2.54% to $3.08 billion during the quarter, while net income inched up to $2.01 billion. While analysts expected APA Corporation to report $0.75 quarterly earnings, the actual figure was $0.85 per share, beating the consensus estimate by 13.30%. During the quarter, the company generated $1.07 billion in EBITDA. The liabilities of APA Corporation were 11.55 billion at the end of its most recent quarter ended June 30, and its total debt was $5.68 billion. The value of shareholders’ equity is $307.26 million.
Technical Picture
This quick technical analysis looks at APA Corporation’s (APA) price momentum. With a historical volatility rate of 36.31%, the RSI 9-day stood at 30.46% on 22 September.
With respect to its five-day moving average, the current APA Corporation price is down by -5.28% percent or -$2.24. At present, APA shares trade -4.76% below its 20-day simple moving average and +9.00% percent above its 100-day simple moving average. However, the stock is currently trading approximately +4.20% above its SMA50 and -12.01% below its SMA200.
Stochastic coefficient K was 3.46% and Stochastic coefficient D was 10.51%, while ATR was 1.31. Given the Stochastic reading of 4.05% for the 14-day period, the RSI (14) reading has been calculated as 37.49%. As of today, the MACD Oscillator reading stands at -1.48, while the 14-day reading stands at -2.29.
Analyst Ratings
The Benchmark Company launched its rating on APA Corporation (NASDAQ: APA) to a Buy in a note to investors on July 13, 2023. APA Corporation (APA) has been rated Overweight by analysts. According to 2 brokerage firms, APA is a sell, and 10 firms recommend it is a Hold. There are 1 analyst 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 $51.00, the current consensus forecast for the stock is $34.00 – $65.00. Based on these forecasts, analysts predict APA Corporation (APA) will achieve an average price target of $50.71.
