APA Corporation [NASDAQ: APA] plunged by -$0.18 during the normal trading session on while it closed the day at $30.72.
APA Corporation stock has also gained 1.82% of its value over the past 7 days. However, APA stock has declined by -2.29% in the 3 months of the year. Over the past six months meanwhile, it has lost -16.68% and lost -14.38% year-on date.
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The market cap for APA stock reached $11.40 billion, with 371.19 million shares outstanding and 369.45 million shares in the current float. Compared to the average trading volume of 7.06M shares, APA reached a trading volume of 5065628 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $40.13 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 2.39. 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.
Wells Fargo have made an estimate for APA Corporation shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on April 24, 2024. While these analysts kept the previous recommendation, Barclays raised their target price to Equal Weight. The new note on the price target was released on April 10, 2024, representing the official price target for APA Corporation stock. On November 22, 2023, analysts decreased their price target for APA shares from 52 to 37.
The Average True Range (ATR) for APA Corporation is set at 0.79, with the Price to Sales ratio for APA stock in the period of the last 12 months amounting to 1.39. The Price to Book ratio for the last quarter was 3.55, with the Price to Cash per share for the same quarter was set at 0.27. Price to Free Cash Flow for APA in the course of the last twelve months was 13.45 with Quick ratio for the last quarter at 0.95.
APA stock trade performance evaluation
APA Corporation [APA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.82. With this latest performance, APA shares dropped by -5.39% in over the last four-week period, additionally sinking by -16.68% over the last 6 months – not to mention a drop of -8.05% 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 44.33, with the RSI for the last a single of trading hit 46.90, and the three-weeks RSI is set at 44.35 for APA Corporation [APA]. The present Moving Average for the last 50 days of trading for this stock 32.48, while it was recorded at 30.71 for the last single week of trading, and 35.93 for the last 200 days.
APA Corporation [APA]: An insightful look at the core fundamentals
APA Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.95 and a Current Ratio set at 1.16.
Earnings per share (EPS) analysis for APA Corporation [APA] stock
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 -7.00%.
APA Corporation [APA]: Institutional Ownership
The top three institutional holders of APA stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in APA stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in APA stock with ownership which is approximately 5.8386%.
