APA Corporation [NASDAQ: APA] stock went on an upward path that rose over 1.26% on Friday, amounting to a one-week price decrease of less than -3.11%. The company report on May 6, 2021 that APA Corporation Announces First-Quarter 2021 Financial and Operational Results.
APA Corporation (Nasdaq: APA) announced first-quarter 2021 results. Results can be found on the company’s website by visiting www.apacorp.com or investor.apacorp.com.
There will be a conference call May 6 at 10 a.m. Central time to discuss the results. It will be webcast and archived on APA’s website and available for playback by telephone for one week. The number for the replay is 855-859-2056 or 404-537-3406 for international calls. The conference access code is 5490148.
Over the last 12 months, APA stock rose by 73.36%. The one-year APA Corporation stock forecast points to a potential upside of 15.22. The average equity rating for APA stock is currently 2.30, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $7.80 billion, with 378.00 million shares outstanding and 376.86 million shares in the current float. Compared to the average trading volume of 7.92M shares, APA stock reached a trading volume of 6629245 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on APA Corporation [APA]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for APA shares is $24.64 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 2.30. 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.
Susquehanna have made an estimate for APA Corporation shares, keeping their opinion on the stock as Positive, with their previous recommendation back on April 19, 2021. The new note on the price target was released on March 30, 2021, representing the official price target for APA Corporation stock. Previously, the target price had yet another raise to $23.50, while Goldman analysts kept a Neutral rating on APA stock. On March 11, 2021, analysts increased their price target for APA shares from 16 to 25.
The Average True Range (ATR) for APA Corporation is set at 0.96, with the Price to Sales ratio for APA stock in the period of the last 12 months amounting to 1.57. Price to Free Cash Flow for APA in the course of the last twelve months was 5.15 with Quick ratio for the last quarter at 1.40.
APA Stock Performance Analysis:
APA Corporation [APA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.11. With this latest performance, APA shares gained by 18.63% in over the last four-week period, additionally plugging by 89.22% over the last 6 months – not to mention a rise of 73.36% 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 54.21, with the RSI for the last a single of trading hit 51.90, and the three-weeks RSI is set at 54.75 for APA Corporation [APA]. The present Moving Average for the last 50 days of trading for this stock 19.38, while it was recorded at 21.23 for the last single week of trading, and 15.43 for the last 200 days.
Insight into APA Corporation Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and APA Corporation [APA] shares currently have an operating margin of +2.46 and a Gross Margin at +11.77. APA Corporation’s Net Margin is presently recorded at -109.58.
Return on Total Capital for APA is now 0.95, given the latest momentum, and Return on Invested Capital for the company is -50.41. Return on Equity for this stock declined to -601.49, with Return on Assets sitting at -31.50. Additionally, APA Total Debt to Total Capital is recorded at 122.17, with Total Debt to Total Assets ending up at 70.87.
Reflecting on the efficiency of the workforce at the company, APA Corporation [APA] managed to generate an average of -$2,139,085 per employee. Receivables Turnover for the company is 4.50 with a Total Asset Turnover recorded at a value of 0.29.APA Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 1.80.
APA Stock EPS
With the latest financial reports released by the company, APA Corporation posted -0.74/share EPS, while the average EPS was predicted by analysts to be reported at -1.01/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 26.70%. 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.
APA Corporation [APA] Insider Position Details
There are presently around $6,520 million, or 86.70% of APA stock, in the hands of institutional investors. The top three institutional holders of APA stocks are: DODGE & COX with ownership of 44,496,451, which is approximately -14.749% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 43,651,453 shares of the stock with an approximate value of $911.88 million in APA stocks shares; and STATE STREET CORP, currently with $524.31 million in APA stock with ownership of nearly 9.062% of the company’s market capitalization.
Positions in APA Corporation stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 192 institutional holders increased their position in APA Corporation [NASDAQ:APA] by around 26,919,813 shares. Additionally, 245 investors decreased positions by around 41,838,720 shares, while 91 investors held positions by with 243,367,133 shares. The mentioned changes placed institutional holdings at 312,125,666 shares, according to the latest SEC report filing. APA stock had 65 new institutional investments in for a total of 7,184,944 shares, while 86 institutional investors sold positions of 7,380,397 shares during the same period.