APA Corporation (NASDAQ: APA)’s stock price has increased by 2.37 compared to its previous closing price of 32.05. However, the company has seen a fall of -11.35% in its stock price over the last five trading days. Barron’s reported on 09/23/22 that APA, Halliburton, and Other Energy Stocks Tumble as Oil Prices Slide
Is It Worth Investing in APA Corporation (NASDAQ: APA) Right Now?
APA Corporation (NASDAQ: APA) has a price-to-earnings ratio of 3.03x that is above its average ratio. Additionally, the 36-month beta value for APA is 3.56. There are mixed opinions on the stock, with 13 analysts rating it as a “buy,” 4 rating it as “overweight,” 12 rating it as “hold,” and 1 rating it as “sell.”
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The average price predicted by analysts for APA is $51.71, which is $18.54 above the current price. The public float for APA is 308.44M and currently, short sellers hold a 3.75% ratio of that float. The average trading volume of APA on March 17, 2023 was 5.66M shares.
APA’s Market Performance
The stock of APA Corporation (APA) has seen a -11.35% decrease in the past week, with a -22.75% drop in the past month, and a -28.41% fall in the past quarter. The volatility ratio for the week is 5.97%, and the volatility levels for the past 30 days are at 4.27% for APA. The simple moving average for the last 20 days is -14.18% for APA stock, with a simple moving average of -19.83% for the last 200 days.
Analysts’ Opinion of APA
Many brokerage firms have already submitted their reports for APA stocks, with Wells Fargo repeating the rating for APA by listing it as a “Overweight.” The predicted price for APA in the upcoming period, according to Wells Fargo is $52 based on the research report published on January 25th of the current year 2023.
Morgan Stanley, on the other hand, stated in their research note that they expect to see APA reach a price target of $44, previously predicting the price at $52. The rating they have provided for APA stocks is “Equal-Weight” according to the report published on January 24th, 2023.
Mizuho gave a rating of “Underperform” to APA, setting the target price at $48 in the report published on January 10th of the current year.
APA Trading at -20.90% from the 50-Day Moving Average
After a stumble in the market that brought APA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -36.84% of loss for the given period.
Volatility was left at 4.27%, however, over the last 30 days, the volatility rate increased by 5.97%, as shares sank -20.58% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -24.78% lower at present.
During the last 5 trading sessions, APA fell by -11.35%, which changed the moving average for the period of 200-days by -31.10% in comparison to the 20-day moving average, which settled at $37.80. In addition, APA Corporation saw -29.71% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at APA starting from LANNIE P ANTHONY, who sale 86,750 shares at the price of $41.26 back on May 16. After this action, LANNIE P ANTHONY now owns 58,844 shares of APA Corporation, valued at $3,579,305 using the latest closing price.
Stock Fundamentals for APA
Current profitability levels for the company are sitting at:
- +45.89 for the present operating margin
- +52.67 for the gross margin
The net margin for APA Corporation stands at +33.17. Equity return is now at value 924.90, with 28.20 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.93.
Conclusion
In conclusion, APA Corporation (APA) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
