APA Corporation (NASDAQ:APA) does about 6.41M shares in volume on a normal day but saw 5049664 shares change hands in Friday trading. The company now has a market cap of 14.52B USD. Its current market price is $45.09, marking a decrease of -0.16% compared to the previous close of $45.16. The 52 week high reached by this stock is $51.95 whilst the lowest price level in 52 weeks is $27.98. The script in recent trading has seen the stock touch a high of $45.585 and a low of $44.00.
APA Corporation (APA) has a 20-day trading average at $44.75 and the current price is -13.21% off the 52-week high compared with 61.13% distance from its 52-week low. The 50-day simple moving average of the closing price is $45.41 and its 200-day simple moving average is $41.14. If we look at the stock’s price movements over the week, volatility stands at 3.82%, which increases to 3.93% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 51.76 to suggest the stock is neutral.
The consensus objective for the share price is $54.56, suggesting that the stock has a potential upside of 17.36% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on January 10, 2023 when Mizuho downgraded the stock to “Underperform” and issued a price target of between $52 and $48. Citigroup upgraded its price target at $40-$58.
The current price level is 0.87%, -0.89%, and 9.62% away from its SMA20, SMA50, and SMA200 respectively, with the APA price moving above the 50-day SMA on January 20. APA Corporation (APA) stock is down -0.57% over the week and 2.85% over the past month. Its price is -3.41% year-to-date and 39.25% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2022, with the company’s earnings per share (EPS) of $2.37 above consensus estimates by $0.04. The company’s next earnings report is expected on 05/03/2023, with forecasts estimating quarterly EPS at $1.81 and $8.46 for whole year. APA’s earnings per share are forecast to grow by 116.90% this year and 15.40% over next year. Expected sales for next quarter are $2.54 billion, which analysts say will come at $11.06 billion for the current fiscal year and next year at $10.45 billion. In addition, estimates put the company’s current quarterly revenue at an average of $2.36 billion.
Its 12-month price target is $52.00. To reach the target analysts have set, the stock logically needs to grow 17.36 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $40.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $71.00.
Outstanding shares total 329.00M with insiders holding 0.36% of the shares and institutional holders owning 84.02% of the company’s common stock. The company has a return on investment of 31.20%. The price to earnings ratio (P/E ratio) amounts to 4.31 while the forward price to earnings ratio is 5.44. The beta has a value of 3.61. Price to book ratio is 24.77 and price to sales ratio is 1.33.
According to a U.S. Securities and Exchange Commission filing, Vanguard Total Stock Market Index has reduced its position in APA Corporation (APA) to 9,770,688 shares, mirroring a recent drop by -0.87%. Vanguard Total Stock Market Index dumped 85749.0 shares of APA Corporation common stock bringing its total worth to about $456.1 million at the end of recent close, SEC documents show. Vanguard Total Stock Market Index isn’t the only investment manager who changed stakes and is followed by Oakmark Fund, which sold off -1.47 million shares to end up with 9,534,809 shares worth $445.08 million. SPDR Series – Energy Select Secto cut their holdings by -0.84% in the company over the course of the most recent quarter. It now holds a 2.87% position in APA Corporation thanks to 9.21 million shares amounting to $429.95 million.