APA Corporation [NASDAQ: APA] jumped around 0.47 points on Tuesday, while shares priced at $24.85 at the close of the session, up 1.93%.
Compared to the average trading volume of 6.41M shares, APA reached a trading volume of 6653478 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 $30.93 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 2.82. 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 Equal Weight, with their previous recommendation back on December 17, 2024. While these analysts kept the previous recommendation, Wolfe Research raised their target price to Outperform. The new note on the price target was released on July 18, 2024, representing the official price target for APA Corporation stock. Previously, the target price had yet another drop from $52 to $39, while Evercore ISI kept a In-line rating on APA stock.
The Average True Range (ATR) for APA Corporation is set at 0.77, with the Price to Sales ratio for APA stock in the period of the last 12 months amounting to 1.00. The Price to Book ratio for the last quarter was 1.80, with the Price to Cash per share for the same quarter was set at 0.17. Price to Free Cash Flow for APA in the course of the last twelve months was 11.18 with Quick ratio for the last quarter at 1.07.
How has APA stock performed recently?
APA Corporation [APA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.03. With this latest performance, APA shares gained by 11.04% in over the last four-week period, additionally sinking by -21.01% over the last 6 months – not to mention a drop of -23.44% 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 72.70, with the RSI for the last a single of trading hit 83.60, and the three-weeks RSI is set at 64.66 for APA Corporation [APA]. The present Moving Average for the last 50 days of trading for this stock 22.54, while it was recorded at 24.05 for the last single week of trading, and 27.34 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 1.07 and a Current Ratio set at 1.24.
Insider trade positions for APA Corporation [APA]
There are presently around $86.20%, or 86.55%% of APA stock, in the hands of institutional investors. The top three institutional holders of APA stocks are: VANGUARD GROUP INC with ownership of 49.79 million shares, which is approximately 16.486%. BLACKROCK INC., holding 32.12 million shares of the stock with an approximate value of $$945.67 million in APA stocks shares; and BLACKROCK INC., currently with $$796.66 million in APA stock with ownership which is approximately 8.9605%.
