APA Corporation [NASDAQ: APA] price surged by 0.20 percent to reach at $0.08. The company report on November 1, 2023 at 4:09 PM that APA Corporation Announces Third-Quarter 2023 Financial and Operational Results.
APA will host a conference call Nov. 2 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 7201913 shares traded at recent session while its average daily volume was at 3.85M shares. APA Corporation shares reached a high of $39.81 and dropped to a low of $38.17 until finishing in the latest session at $39.69.
The one-year APA stock forecast points to a potential upside of 22.18. The average equity rating for APA stock is currently 2.16, 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 $51.00 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 2.16. 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.
Bernstein have made an estimate for APA Corporation shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on October 17, 2023.
The Average True Range (ATR) for APA Corporation is set at 1.21, with the Price to Sales ratio for APA stock in the period of the last 12 months amounting to 1.33. The Price to Book ratio for the last quarter was 17.20, with the Price to Cash per share for the same quarter was set at 0.46. Price to Free Cash Flow for APA in the course of the last twelve months was 7.25 with Quick ratio for the last quarter at 0.80.
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 -1.81. With this latest performance, APA shares gained by 4.42% in over the last four-week period, additionally plugging by 23.03% over the last 6 months – not to mention a drop of -13.32% 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 42.29, with the RSI for the last a single of trading hit 38.14, and the three-weeks RSI is set at 44.61 for APA Corporation [APA]. The present Moving Average for the last 50 days of trading for this stock 41.54, while it was recorded at 39.77 for the last single week of trading, and 38.64 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 +45.89 and a Gross Margin at +52.67. APA Corporation’s Net Margin is presently recorded at +33.17.
Return on Total Capital for APA is now 68.43, given the latest momentum, and Return on Invested Capital for the company is 61.96. When it comes to the capital structure of this company, APA Corporation [APA] has a Total Debt to Total Equity ratio set at 1,360.05. Additionally, APA Total Debt to Total Capital is recorded at 93.15, with Total Debt to Total Assets ending up at 43.76. Long-Term Debt to Equity for the company is recorded at 1,320.09, with the Long-Term Debt to Total Capital now at 90.41.
Reflecting on the efficiency of the workforce at the company, APA Corporation [APA] managed to generate an average of $1,616,366 per employee. Receivables Turnover for the company is 7.74 with a Total Asset Turnover recorded at a value of 0.84.APA Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 0.99.
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 -1.00%.
APA Corporation [APA] Institutonal Ownership Details
The top three institutional holders of APA stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in APA stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in APA stock with ownership which is approximately 5.7994%.