Apache Corporation [NASDAQ: APA] slipped around -0.35 points on Wednesday, while shares priced at $17.47 at the close of the session, down -1.96%. The company report on January 15, 2021 that Big Oil Missed This, Now It Could Be Worth Billions.
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Apache Corporation stock is now 23.11% up from its year-to-date (YTD) trading value. APA Stock saw the intraday high of $18.20 and lowest of $17.18 per share. The company’s 52-week high price is 32.74, which means current price is +21.49% above from all time high which was touched on 01/14/21.
Compared to the average trading volume of 11.19M shares, APA reached a trading volume of 7102428 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say 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 $17.79 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 2.40. 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.
Truist have made an estimate for Apache Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 14, 2021. The new note on the price target was released on January 14, 2021, representing the official price target for Apache Corporation stock. Previously, the target price had yet another raise to $16, while CapitalOne analysts kept a Overweight rating on APA stock.
The Average True Range (ATR) for Apache Corporation is set at 1.05, with the Price to Sales ratio for APA stock in the period of the last 12 months amounting to 1.45. Price to Free Cash Flow for APA in the course of the last twelve months was 4.81 with Quick ratio for the last quarter at 0.90.
How has APA stock performed recently?
Apache Corporation [APA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.72. With this latest performance, APA shares gained by 10.92% in over the last four-week period, additionally plugging by 17.25% over the last 6 months – not to mention a drop of -44.96% 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 59.59, with the RSI for the last a single of trading hit 57.95, and the three-weeks RSI is set at 60.07 for Apache Corporation [APA]. The present Moving Average for the last 50 days of trading for this stock 14.25, while it was recorded at 17.74 for the last single week of trading, and 12.66 for the last 200 days.
Apache Corporation [APA]: Deeper insight into the fundamentals
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 0.90 and a Current Ratio set at 1.20.
Earnings analysis for Apache Corporation [APA]
With the latest financial reports released by the company, Apache Corporation posted 0.08/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 233.30%. 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.
Insider trade positions for Apache Corporation [APA]
There are presently around $5,491 million, or 86.60% of APA stock, in the hands of institutional investors. The top three institutional holders of APA stocks are: DODGE & COX with ownership of 52,306,246, which is approximately -3.628% of the company’s market cap and around 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 33,587,519 shares of the stock with an approximate value of $586.77 million in APA stocks shares; and BLACKROCK INC., currently with $400.85 million in APA stock with ownership of nearly -3.882% of the company’s market capitalization.
Positions in Apache Corporation stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 195 institutional holders increased their position in Apache Corporation [NASDAQ:APA] by around 37,859,677 shares. Additionally, 234 investors decreased positions by around 38,065,408 shares, while 99 investors held positions by with 238,357,811 shares. The mentioned changes placed institutional holdings at 314,282,896 shares, according to the latest SEC report filing. APA stock had 70 new institutional investments in for a total of 5,661,826 shares, while 64 institutional investors sold positions of 5,541,915 shares during the same period.