APA Corporation [NASDAQ: APA] jumped around 1.46 points on Monday, while shares priced at $20.15 at the close of the session, up 7.81%. The company report on August 14, 2021 that Apache Corporation Announces Upsizing, Expiration and Results of Cash Tender Offer for Any and All of Certain of its Outstanding Notes.
Apache Corporation announced that it has amended its previously announced cash tender offers (each, an “Offer” and collectively, the “Offers”) to purchase up to $1.5 billion in aggregate principal amount of its outstanding notes listed in the table below (the “Notes,” and each, a “Series” of Notes) made pursuant to Apache’s Offer to Purchase, dated August 9, 2021 (the “Offer to Purchase”), to increase the Maximum Purchase Amount from $1.5 billion to $1,736,330,000. All other terms and conditions of the Offers set forth in the Offer to Purchase remain unchanged. The Offers expired at 5:00 p.m., New York City time, on August 13, 2021 (the “Expiration Time”).
The Offers were made on the terms and subject to the conditions set forth in the Offer to Purchase and the related notice of guaranteed delivery (the “Notice of Guaranteed Delivery” and, together with the Offer to Purchase, the “Offer Documents”).
APA Corporation stock is now 42.00% up from its year-to-date (YTD) trading value. APA Stock saw the intraday high of $20.16 and lowest of $19.05 per share. The company’s 52-week high price is 24.30, which means current price is +43.62% above from all time high which was touched on 06/07/21.
Compared to the average trading volume of 7.42M shares, APA reached a trading volume of 7610809 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about 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 $27.47 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.
JP Morgan have made an estimate for APA Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 25, 2021. The new note on the price target was released on June 21, 2021, representing the official price target for APA Corporation stock. Previously, the target price had yet another raise from $30 to $38, while Johnson Rice kept a Buy rating on APA stock. On June 03, 2021, analysts increased their price target for APA shares from 20 to 25.
The Average True Range (ATR) for APA Corporation is set at 0.85, with the Price to Sales ratio for APA stock in the period of the last 12 months amounting to 1.29. Price to Free Cash Flow for APA in the course of the last twelve months was 3.21 with Quick ratio for the last quarter at 1.40.
How has APA stock performed recently?
APA Corporation [APA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.44. With this latest performance, APA shares gained by 6.50% in over the last four-week period, additionally sinking by -6.41% over the last 6 months – not to mention a rise of 69.54% 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 60.35, with the RSI for the last a single of trading hit 65.06, and the three-weeks RSI is set at 56.81 for APA Corporation [APA]. The present Moving Average for the last 50 days of trading for this stock 18.65, while it was recorded at 19.27 for the last single week of trading, and 18.64 for the last 200 days.
APA Corporation [APA]: Deeper insight into the 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 1.70.
Insider trade positions for APA Corporation [APA]
There are presently around $6,296 million, or 85.80% of APA stock, in the hands of institutional investors. The top three institutional holders of APA stocks are: VANGUARD GROUP INC with ownership of 45,277,939, which is approximately 3.726% of the company’s market cap and around 0.10% of the total institutional ownership; HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC, holding 25,938,035 shares of the stock with an approximate value of $522.65 million in APA stocks shares; and STATE STREET CORP, currently with $504.8 million in APA stock with ownership of nearly -0.186% of the company’s market capitalization.
Positions in APA Corporation stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 221 institutional holders increased their position in APA Corporation [NASDAQ:APA] by around 34,686,164 shares. Additionally, 205 investors decreased positions by around 36,357,765 shares, while 88 investors held positions by with 241,421,006 shares. The mentioned changes placed institutional holdings at 312,464,935 shares, according to the latest SEC report filing. APA stock had 74 new institutional investments in for a total of 9,093,656 shares, while 49 institutional investors sold positions of 6,548,280 shares during the same period.