APA Corporation [NASDAQ: APA] slipped around -0.46 points on Wednesday, while shares priced at $30.81 at the close of the session, down -1.47%. The company report on January 9, 2024 at 5:03 PM that APA promotes Stephen J. Riney to position of President and Chief Financial Officer.
“Steve has consistently brought tremendous integrity, rigor and strategic counsel to my leadership team since joining APA,” said John J. Christmann, IV, chief executive officer. “He has helped us refine APA’s strategic direction while also successfully navigating some of the most financially challenging times in our industry’s history. His leadership and influence have extended beyond our financial operations, and this promotion formalizes the significant role that Steve plays in helping guide the company’s strategy, goals and execution. I am confident as President, Steve’s talents will be further leveraged for the benefit of APA and our stakeholders.”.
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Compared to the average trading volume of 4.33M shares, APA reached a trading volume of 5388938 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 $44.29 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.
Johnson Rice have made an estimate for APA Corporation shares, keeping their opinion on the stock as Hold, with their previous recommendation back on January 05, 2024.
The Average True Range (ATR) for APA Corporation is set at 1.00, with the Price to Sales ratio for APA stock in the period of the last 12 months amounting to 1.09. The Price to Book ratio for the last quarter was 8.77, with the Price to Cash per share for the same quarter was set at 0.31. Price to Free Cash Flow for APA in the course of the last twelve months was 8.15 with Quick ratio for the last quarter at 0.89.
How has APA stock performed recently?
APA Corporation [APA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.55. With this latest performance, APA shares dropped by -13.79% in over the last four-week period, additionally sinking by -18.66% over the last 6 months – not to mention a drop of -32.05% 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 26.33, with the RSI for the last a single of trading hit 20.14, and the three-weeks RSI is set at 30.34 for APA Corporation [APA]. The present Moving Average for the last 50 days of trading for this stock 35.61, while it was recorded at 31.93 for the last single week of trading, and 37.69 for the last 200 days.
APA Corporation [APA]: Deeper insight into the fundamentals
APA Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.89 and a Current Ratio set at 1.06.
Earnings analysis for APA Corporation [APA]
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 -9.20%.
Insider trade positions for APA Corporation [APA]
The top three institutional holders of APA stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in APA stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in APA stock with ownership which is approximately 5.8325%.
