APA Corporation (NASDAQ: APA)’s stock price has increased by 0.34 compared to its previous closing price of 32.36. However, the company has seen a -2.08% decrease in its stock price over the last five trading sessions. 24/7 Wall Street reported 2024-04-21 that Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
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 3.50x. The 36-month beta value for APA is also noteworthy at 3.26. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 2 rating it as “overweight,” 14 rating it as “hold,” and 6 rating it as “sell.”
The public float for APA is 368.88M, and at present, short sellers hold a 5.99% of that float. The average trading volume of APA on April 23, 2024 was 6.98M shares.
APA’s Market Performance
APA’s stock has seen a -2.08% decrease for the week, with a -4.25% drop in the past month and a 5.73% gain in the past quarter. The volatility ratio for the week is 2.45%, and the volatility levels for the past 30 days are at 2.95% for APA Corporation The simple moving average for the last 20 days is -4.78% for APA stock, with a simple moving average of -11.63% for the last 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 0.65% 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 -29.63% of loss for the given period.
Volatility was left at 2.95%, however, over the last 30 days, the volatility rate increased by 2.45%, as shares sank -2.96% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.56% upper at present.
During the last 5 trading sessions, APA fell by -2.08%, which changed the moving average for the period of 200-days by -3.51% in comparison to the 20-day moving average, which settled at $34.05. In addition, APA Corporation saw -9.50% 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 2.08. 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 summary, APA Corporation (APA) has had a bad performance as of late. Analysts have bearish opinions on the stock, with some viewing it as a “sell” and others 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.
