APA Corporation [NASDAQ: APA] slipped around -0.99 points on Tuesday, while shares priced at $28.33 at the close of the session, down -3.38%.
Compared to the average trading volume of 5.59M shares, APA reached a trading volume of 4235298 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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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 $38.39 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 2.61. 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.
Wolfe Research have made an estimate for APA Corporation shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on July 18, 2024. While these analysts kept the previous recommendation, Evercore ISI dropped their target price from $52 to $39. The new note on the price target was released on June 14, 2024, representing the official price target for APA Corporation stock. Previously, the target price had yet another raise to $55, while Wells Fargo analysts kept a Overweight rating on APA stock.
The Average True Range (ATR) for APA Corporation is set at 0.99, with the Price to Sales ratio for APA stock in the period of the last 12 months amounting to 1.17. The Price to Book ratio for the last quarter was 1.93, with the Price to Cash per share for the same quarter was set at 0.43. Price to Free Cash Flow for APA in the course of the last twelve months was 19.09 with Quick ratio for the last quarter at 0.85.
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 -2.04. With this latest performance, APA shares dropped by -9.40% in over the last four-week period, additionally sinking by -8.55% over the last 6 months – not to mention a drop of -35.93% 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 42.26, with the RSI for the last a single of trading hit 39.90, and the three-weeks RSI is set at 43.75 for APA Corporation [APA]. The present Moving Average for the last 50 days of trading for this stock 29.49, while it was recorded at 29.07 for the last single week of trading, and 32.04 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 0.85 and a Current Ratio set at 1.01.
Earnings analysis for APA Corporation [APA]
With the latest financial reports released by the company, APA Corporation posted 1.33/share EPS, while the average EPS was predicted by analysts to be reported at 1.09/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.24. 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 0.93%.
Insider trade positions for APA Corporation [APA]
There are presently around $85.72%, or 86.08%% of APA stock, in the hands of institutional investors. The top three institutional holders of APA stocks are: VANGUARD GROUP INC with ownership of 44.65 million shares, which is approximately 14.7841%. BLACKROCK INC., holding 27.24 million shares of the stock with an approximate value of $$936.45 million in APA stocks shares; and BLACKROCK INC., currently with $$839.93 million in APA stock with ownership which is approximately 8.0896%.
