APA Corporation (NASDAQ: APA) has a price-to-earnings ratio of 3.26x that is above its average ratio. Additionally, the 36-month beta value for APA is 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 361.07M and currently, short sellers hold a 3.99% ratio of that float. The average trading volume of APA on August 19, 2024 was 5.59M shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
APA) stock’s latest price update
The stock price of APA Corporation (NASDAQ: APA) has jumped by 2.02 compared to previous close of 29.25. Despite this, the company has seen a gain of 2.23% in its stock price over the last five trading days. zacks.com reported 2024-08-02 that APA Corporation (APA) bought back 1.5 million shares at $28.72 apiece during the second quarter. The company also shelled out $92 million in dividend payment.
APA’s Market Performance
APA’s stock has risen by 2.23% in the past week, with a monthly drop of -6.78% and a quarterly drop of -3.37%. The volatility ratio for the week is 2.11% while the volatility levels for the last 30 days are 3.39% for APA Corporation The simple moving average for the past 20 days is 0.87% for APA’s stock, with a -7.18% simple moving average for the past 200 days.
Analysts’ Opinion of APA
Many brokerage firms have already submitted their reports for APA stocks, with Wolfe Research repeating the rating for APA by listing it as a “Outperform.” The predicted price for APA in the upcoming period, according to Wolfe Research is $42 based on the research report published on July 18, 2024 of the current year 2024.
Evercore ISI, on the other hand, stated in their research note that they expect to see APA reach a price target of $39, previously predicting the price at $52. The rating they have provided for APA stocks is “In-line” according to the report published on June 14th, 2024.
Wells Fargo gave a rating of “Overweight” to APA, setting the target price at $55 in the report published on April 24th of the current year.
APA Trading at 1.14% 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 -35.33% of loss for the given period.
Volatility was left at 3.39%, however, over the last 30 days, the volatility rate increased by 2.11%, as shares sank -4.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.90% upper at present.
During the last 5 trading sessions, APA rose by +2.04%, which changed the moving average for the period of 200-days by -25.01% in comparison to the 20-day moving average, which settled at $29.51. In addition, APA Corporation saw -16.83% 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 Rabun Daniel Wayne, who proposed sale 75,998 shares at the price of $29.63 back on Aug 15 ’24. After this action, Rabun Daniel Wayne now owns shares of APA Corporation, valued at $2,251,820 using the latest closing price.
Stock Fundamentals for APA
Current profitability levels for the company are sitting at:
- 0.72 for the present operating margin
- 0.46 for the gross margin
The net margin for APA Corporation stands at 0.32. The total capital return value is set at 0.37. Equity return is now at value 94.75, with 17.37 for asset returns.
Based on APA Corporation (APA), the company’s capital structure generated 0.56 points at debt to capital in total, while cash flow to debt ratio is standing at 0.45. The debt to equity ratio resting at 1.26. The interest coverage ratio of the stock is 27.16.
Currently, EBITDA for the company is 4.92 billion with net debt to EBITDA at 1.35. When we switch over and look at the enterprise to sales, we see a ratio of 1.98. The receivables turnover for the company is 4.63for trailing twelve months and the total asset turnover is 0.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.01.
Conclusion
In conclusion, APA Corporation (APA) has seen bad performance in recent times. Analysts have a bearish opinion on the stock, with some rating it as a “sell” 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.
