APA Corporation [NASDAQ: APA] price surged by 1.04 percent to reach at $0.51. The company report on November 2, 2022 that APA Corporation Announces Third-Quarter 2022 Financial and Operational Results.
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APA will host a conference call Nov. 3 at 10 a.m. Central time via the webcast link available on the company website to discuss the results. Following the conference call, a replay will be available for one year on the “Investors” page of the company’s website.
A sum of 6498040 shares traded at recent session while its average daily volume was at 8.35M shares. APA Corporation shares reached a high of $50.58 and dropped to a low of $49.01 until finishing in the latest session at $49.50.
The one-year APA stock forecast points to a potential upside of 8.27. The average equity rating for APA stock is currently 2.20, trading closer to a bullish pattern in the stock market.
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 $53.96 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 2.20. 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.
Jefferies have made an estimate for APA Corporation shares, keeping their opinion on the stock as Hold, with their previous recommendation back on October 19, 2022. While these analysts kept the previous recommendation, Citigroup raised their target price from $40 to $58. The new note on the price target was released on September 12, 2022, representing the official price target for APA Corporation stock. Previously, the target price had yet another raise to $45, while MKM Partners analysts kept a Buy rating on APA stock.
The Average True Range (ATR) for APA Corporation is set at 2.20, with the Price to Sales ratio for APA stock in the period of the last 12 months amounting to 1.59. The Price to Book ratio for the last quarter was 28.95, with the Price to Cash per share for the same quarter was set at 0.87. Price to Free Cash Flow for APA in the course of the last twelve months was 3.88 with Quick ratio for the last quarter at 0.90.
APA Stock Performance Analysis:
APA Corporation [APA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.89. With this latest performance, APA shares gained by 16.42% in over the last four-week period, additionally plugging by 31.89% over the last 6 months – not to mention a rise of 65.55% 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 71.46, with the RSI for the last a single of trading hit 76.25, and the three-weeks RSI is set at 67.45 for APA Corporation [APA]. The present Moving Average for the last 50 days of trading for this stock 40.51, while it was recorded at 47.16 for the last single week of trading, and 38.88 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 +33.71 and a Gross Margin at +40.98. APA Corporation’s Net Margin is presently recorded at +12.19.
APA Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.10.
APA Stock EPS
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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for APA Corporation go to 32.77%.
APA Corporation [APA] Insider Position Details
There are presently around $13,468 million, or 84.10% of APA stock, in the hands of institutional investors. The top three institutional holders of APA stocks are: VANGUARD GROUP INC with ownership of 41,679,671, which is approximately -4.271% of the company’s market cap and around 0.36% of the total institutional ownership; BLACKROCK INC., holding 26,691,805 shares of the stock with an approximate value of $1.32 billion in APA stocks shares; and STATE STREET CORP, currently with $1.13 billion in APA stock with ownership of nearly -0.749% of the company’s market capitalization.
Positions in APA Corporation stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 321 institutional holders increased their position in APA Corporation [NASDAQ:APA] by around 32,584,992 shares. Additionally, 315 investors decreased positions by around 45,254,652 shares, while 105 investors held positions by with 194,250,946 shares. The mentioned changes placed institutional holdings at 272,090,590 shares, according to the latest SEC report filing. APA stock had 99 new institutional investments in for a total of 4,997,316 shares, while 91 institutional investors sold positions of 14,006,732 shares during the same period.