Tuesday, December 1, 2020

Apache Corporation [APA] Revenue clocked in at $5.90 billion, down -44.98% YTD: What’s Next?

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Apache Corporation [NASDAQ: APA] gained 2.25% on the last trading session, reaching $14.08 price per share at the time. Apache Corporation represents 378.00 million in outstanding shares, while the company has a total market value of $4.94 billion with the latest information. APA stock price has been found in the range of $13.01 to $14.33.

If compared to the average trading volume of 24.55M shares, APA reached a trading volume of 15555234 in the most recent trading day, which is why market watchdogs consider the stock to be active.


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Here is what top equities market gurus are saying about Apache Corporation [APA]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for APA shares is $12.35 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on APA stock is a recommendation set at 2.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Citigroup have made an estimate for Apache Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 15, 2020. While these analysts kept the previous recommendation, UBS raised their target price from $22 to $4.50. The new note on the price target was released on March 31, 2020, representing the official price target for Apache Corporation stock. Previously, the target price had yet another raise to $22, while MKM Partners analysts kept a Buy rating on APA stock.

The Average True Range (ATR) for Apache Corporation is set at 1.38, with the Price to Sales ratio for APA stock in the period of the last 12 months amounting to 0.84. Price to Free Cash Flow for APA in the course of the last twelve months was 2.28 with Quick ratio for the last quarter at 0.70.

Trading performance analysis for APA stock

Apache Corporation [APA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -20.59. With this latest performance, APA shares gained by 35.91% in over the last four-week period, additionally sinking by -36.12% over the last 6 months – not to mention a drop of -48.78% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for APA stock in for the last two-week period is set at 56.13, with the RSI for the last a single of trading hit 53.26, and the three-weeks RSI is set at 54.37 for Apache Corporation [APA]. The present Moving Average for the last 50 days of trading for this stock 11.16, while it was recorded at 14.40 for the last single week of trading, and 19.67 for the last 200 days.

Apache Corporation [APA]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Apache Corporation [APA] shares currently have an operating margin of +5.65 and a Gross Margin at +15.36. Apache Corporation’s Net Margin is presently recorded at -56.26.

Return on Total Capital for APA is now 2.31, given the latest momentum, and Return on Invested Capital for the company is -26.13. Return on Equity for this stock declined to -68.43, with Return on Assets sitting at -17.90. When it comes to the capital structure of this company, Apache Corporation [APA] has a Total Debt to Total Equity ratio set at 274.41. Additionally, APA Total Debt to Total Capital is recorded at 73.29, with Total Debt to Total Assets ending up at 49.33. Long-Term Debt to Equity for the company is recorded at 268.88, with the Long-Term Debt to Total Capital now at 71.81.

Reflecting on the efficiency of the workforce at the company, Apache Corporation [APA] managed to generate an average of -$1,123,301 per employee. Receivables Turnover for the company is 5.60 with a Total Asset Turnover recorded at a value of 0.32.Apache Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 0.90.

Apache Corporation [APA]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Apache Corporation posted 0.11/share EPS, while the average EPS was predicted by analysts to be reported at 0.06/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 83.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for APA.

An analysis of insider ownership at Apache Corporation [APA]

There are presently around $4,817 million, or 97.10% of APA stock, in the hands of institutional investors. The top three institutional holders of APA stocks are: DODGE & COX with ownership of 54,741,657, which is approximately -0.631% of the company’s market cap and around 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 45,509,433 shares of the stock with an approximate value of $626.66 million in APA stocks shares; and BLACKROCK INC., currently with $348.6 million in APA stock with ownership of nearly 0.027% of the company’s market capitalization.

263 institutional holders increased their position in Apache Corporation [NASDAQ:APA] by around 34,614,171 shares. Additionally, 257 investors decreased positions by around 48,942,051 shares, while 76 investors held positions by with 266,234,569 shares. The mentioned changes placed institutional holdings at 349,790,791 shares, according to the latest SEC report filing. APA stock had 73 new institutional investments in for a total of 8,687,527 shares, while 86 institutional investors sold positions of 19,657,367 shares during the same period.

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