In the past week, APA stock has gone up by 3.96%, with a monthly gain of 16.68% and a quarterly surge of 4.96%. The volatility ratio for the week is 2.78%, and the volatility levels for the last 30 days are 2.84% for APA Corporation The simple moving average for the past 20 days is 7.55% for APA’s stock, with a -2.70% simple moving average for the past 200 days.
Is It Worth Investing in APA Corporation (NASDAQ: APA) Right Now?
The price-to-earnings ratio for APA Corporation (NASDAQ: APA) is above average at 3.85x, Company’s 36-month beta value is 3.29.Analysts have differing opinions on the stock, with 5 analysts rating it as a “buy,” 2 as “overweight,” 14 as “hold,” and 6 as “sell.”
The public float for APA is 368.91M, and currently, short sellers hold a 6.32% ratio of that floaft. The average trading volume of APA on April 08, 2024 was 6.97M shares.
APA) stock’s latest price update
APA Corporation (NASDAQ: APA)’s stock price has increased by 0.87 compared to its previous closing price of 35.43. However, the company has seen a 3.96% increase in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-03 that APA looks forward to leveraging its technical expertise in work processes across the Callon acreage to generate substantial returns for shareholders.
Analysts’ Opinion of APA
Citigroup, on the other hand, stated in their research note that they expect to see APA reach a price target of $37, previously predicting the price at $52. The rating they have provided for APA stocks is “Neutral” according to the report published on November 22nd, 2023.
Bernstein gave a rating of “Mkt Perform” to APA, setting the target price at $50 in the report published on October 17th of the previous year.
APA Trading at 12.78% 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 -22.55% of loss for the given period.
Volatility was left at 2.84%, however, over the last 30 days, the volatility rate increased by 2.78%, as shares surge +16.99% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.93% upper at present.
During the last 5 trading sessions, APA rose by +3.96%, which changed the moving average for the period of 200-days by +6.69% in comparison to the 20-day moving average, which settled at $33.49. In addition, APA Corporation saw -0.39% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for APA
Current profitability levels for the company are sitting at:
- 0.83 for the present operating margin
- 0.51 for the gross margin
The net margin for APA Corporation stands at 0.35. The total capital return value is set at 0.53. Equity return is now at value 185.51, with 20.11 for asset returns.
Based on APA Corporation (APA), the company’s capital structure generated 0.67 points at debt to capital in total, while cash flow to debt ratio is standing at 0.59. The debt to equity ratio resting at 2.0. The interest coverage ratio of the stock is 21.79.
Currently, EBITDA for the company is 4.92 billion with net debt to EBITDA at 1.37. When we switch over and look at the enterprise to sales, we see a ratio of 2.23. The receivables turnover for the company is 5.14for trailing twelve months and the total asset turnover is 0.54. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.02.
Conclusion
In a nutshell, APA Corporation (APA) has experienced a mixed performance in recent times. The stock has received mixed “sell” and “hold” ratings from analysts. 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.
