APA Corporation (NASDAQ: APA) has a higher price-to-earnings ratio of 3.64x compared to its average ratio, The 36-month beta value for APA is at 3.30. Analysts have varying views on the stock, with 5 analysts rating it as a “buy,” 2 rating it as “overweight,” 14 as “hold,” and 6 as “sell.”
The public float for APA is 368.88M, and currently, shorts hold a 5.99% of that float. The average trading volume for APA on April 15, 2024 was 6.92M shares.
APA) stock’s latest price update
APA Corporation (NASDAQ: APA)’s stock price has plunge by -1.98relation to previous closing price of 34.40. Nevertheless, the company has seen a -5.65% plunge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-10 that The latest trading day saw APA (APA) settling at $35.05, representing a +0.46% change from its previous close.
APA’s Market Performance
APA Corporation (APA) has seen a -5.65% fall in stock performance for the week, with a 3.56% gain in the past month and a 3.88% surge in the past quarter. The volatility ratio for the week is 3.17%, and the volatility levels for the past 30 days are at 3.04% for APA. The simple moving average for the past 20 days is -1.29% for APA’s stock, with a -8.31% simple moving average for the past 200 days.
Analysts’ Opinion of APA
Many brokerage firms have already submitted their reports for APA stocks, with Barclays repeating the rating for APA by listing it as a “Equal Weight.” The predicted price for APA in the upcoming period, according to Barclays is $40 based on the research report published on April 10, 2024 of the current year 2024.
Citigroup gave a rating of “Neutral” to APA, setting the target price at $37 in the report published on November 22nd of the previous year.
APA Trading at 5.39% 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 -26.93% of loss for the given period.
Volatility was left at 3.04%, however, over the last 30 days, the volatility rate increased by 3.17%, as shares surge +3.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.63% upper at present.
During the last 5 trading sessions, APA fell by -5.65%, which changed the moving average for the period of 200-days by +2.93% in comparison to the 20-day moving average, which settled at $34.22. In addition, APA Corporation saw -6.02% 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 2.14. 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 conclusion, APA Corporation (APA) has had a mixed performance lately. Opinion on the stock among analysts is bearish, with some giving it a “sell” rating and others 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.
