Home  »  Finance   »  Are Value Hunters Buying APA Corporation (NASDAQ: ...

Are Value Hunters Buying APA Corporation (NASDAQ: APA) Stock?

The trading price of APA Corporation (NASDAQ:APA) floating lower at last check on Wednesday, June 22, closing at $38.87, -3.68% lower than its previous close.

Traders who pay close attention to intraday price movement should know that it has been fluctuating between $39.04 and $41.14. The company’s P/E ratio in the trailing 12-month period was 5.75, while its 5Y monthly beta was 4.43. In examining the 52-week price action we see that the stock hit a 52-week high of $51.95 and a 52-week low of $15.55. Over the past month, the stock has lost -1.15% in value.

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.


APA Corporation, whose market valuation is $14.53 billion at the time of this writing, is expected to release its quarterly earnings report Feb 22, 2022 – Feb 28, 2022. The dividend yield on the company stock is 1.24%, while its Forward Dividend ratio is 0.50. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $2.46 per share this quarter, however they have predicted annual earnings per share of $9.18 for 2022 and $8.71 for 2023. It means analysts are expecting annual earnings per share growth of 135.40% this year and -5.10% next year.

Analysts have forecast the company to bring in revenue of $2.55 billion for the current quarter, with the likely lows of $2.32 billion and highs of $3.03 billion. The average estimate suggests sales will likely up by 74.10% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2022 is $10.29 billion. The company’s revenue is forecast to grow by 29.80% over what it did in 2022.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of APA Corporation 2 upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest APA has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.

If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0.22, which symbolizes a positive outlook. A quick review shows that APA’s price is currently -16.03% off the SMA20 and -10.43% off the SMA50. The RSI metric on the 14-day chart is currently showing 35.95, and weekly volatility stands at 6.70%. When measured over the past 30 days, the indicator reaches 5.12%. APA Corporation (NASDAQ:APA)’s beta value is currently sitting at 3.84, while the Average True Range indicator is currently displaying 2.60.

To see how APA Corporation stock has been performing today in comparison to its peers in the industry, here are the numbers: APA stock’s performance was -3.68% at last check in today’s session, and 82.08% in the past year, while EOG Resources Inc. (EOG) has been trading -3.16% in recent session and positioned 46.68% higher than it was a year ago. Another comparable company Pioneer Natural Resources Company (PXD) saw its stock trading -2.36% lower in today’s session but was up 57.25% in a year. Furthermore, Schlumberger Limited (SLB) showed a decrease of -2.91% today while its price kept inclining at 17.21% over the past year. APA Corporation has a P/E ratio of 5.75, compared to EOG Resources Inc.’s 15.70 and Pioneer Natural Resources Company’s 14.49. Also during today’s trading, the S&P 500 Index has surged 0.43%, while the Dow Jones Industrial also saw a positive session, up 0.20% today.

An evaluation of the daily trading volume of APA Corporation (NASDAQ:APA) indicates that the 3-month average is 9.06 million. However, this figure has increased over the past 10 days to an average of 9.09 million.

Currently, records show that 346.00 million of the company’s shares remain outstanding. The insiders hold 0.30% of outstanding shares, whereas institutions hold 87.30%. The stats also highlight that short interest as of Apr 28, 2022, stood at 11.91 million shares, resulting in a short ratio of 1.45 at that time. From this, we can conclude that short interest is 3.50% of the company’s total outstanding shares. It is noteworthy that short shares in April were up slightly from the previous month’s figure, which was 9.8 million. However, since the stock’s price has seen 50.06% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.

Leave a Comment

Your email address will not be published.

Related Videos

Related Posts