APA Corporation (NASDAQ: APA)’s stock price has plunge by 2.45relation to previous closing price of 23.09. Nevertheless, the company has seen a -0.19% plunge in its stock price over the last five trading sessions. zacks.com reported 2024-11-04 that APA has a last four-quarter earnings surprise of 4.1%, on average, having surpassed the Zacks Consensus Estimate on two occasions and missing on the other two.
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 2.58x, Company’s 36-month beta value is 3.26.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.”
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The public float for APA is 361.20M, and currently, short sellers hold a 5.25% ratio of that floaft. The average trading volume of APA on November 04, 2024 was 5.84M shares.
APA’s Market Performance
APA stock saw a decrease of -0.19% in the past week, with a monthly decline of -12.03% and a quarterly a decrease of -12.74%. The volatility ratio for the week is 2.79%, and the volatility levels for the last 30 days are 2.55% for APA Corporation (APA). The simple moving average for the past 20 days is -5.01% for APA’s stock, with a -19.56% 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 -6.89% 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 -42.21% of loss for the given period.
Volatility was left at 2.55%, however, over the last 30 days, the volatility rate increased by 2.79%, as shares sank -12.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.07% lower at present.
During the last 5 trading sessions, APA fell by -0.38%, which changed the moving average for the period of 200-days by -22.26% in comparison to the 20-day moving average, which settled at $24.90. In addition, APA Corporation saw -34.07% 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 proposed sale 89,501 shares at the price of $23.97 back on Oct 28 ’24. After this action, LANNIE P ANTHONY now owns shares of APA Corporation, valued at $2,145,212 using the latest closing price.
Rabun Daniel Wayne, the Director of APA Corporation, proposed sale 75,998 shares at $29.63 during a trade that took place back on Aug 15 ’24, which means that Rabun Daniel Wayne is holding shares at $2,251,820 based on the most recent 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 19.07.
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 1.72. 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 a nutshell, APA Corporation (APA) has experienced a bad 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.
