APA Corporation [NASDAQ: APA] stock went on a downward path that fall over -4.61% on Monday, amounting to a one-week price decrease of less than -5.96%.
Over the last 12 months, APA stock dropped by -32.36%. The one-year APA Corporation stock forecast points to a potential upside of 27.34. The average equity rating for APA stock is currently 2.82, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $8.11 billion, with 369.92 million shares outstanding and 362.08 million shares in the current float. Compared to the average trading volume of 6.79M shares, APA stock reached a trading volume of 14804509 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $30.18 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 0.79, with the Price to Sales ratio for APA stock in the period of the last 12 months amounting to 0.88. The Price to Book ratio for the last quarter was 1.59, 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 9.87 with Quick ratio for the last quarter at 1.07.
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 -5.96. With this latest performance, APA shares dropped by -2.19% in over the last four-week period, additionally sinking by -29.69% over the last 6 months – not to mention a drop of -32.36% 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 35.60, with the RSI for the last a single of trading hit 26.03, and the three-weeks RSI is set at 40.46 for APA Corporation [APA]. The present Moving Average for the last 50 days of trading for this stock 22.75, while it was recorded at 22.96 for the last single week of trading, and 26.67 for the last 200 days.
Insight into APA Corporation 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.
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 -9.15%.
APA Corporation [APA] Institutonal Ownership Details
There are presently around $86.25%, or 86.61%% 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%.
