APA Corporation (NASDAQ:APA) price on current trading day, fall -1.03% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $24.89.
A look at the stock’s price movement, the level at last check in today’s session was $25.15, moving within a range at $24.72 and $25.27. The beta value (5-Year monthly) was 3.246 while the PE ratio in trailing twelve months stood at 3.52. Turning to its 52-week performance, $36.04 and $20.32 were the 52-week high and 52-week low respectively. Overall, APA moved 13.45% over the past month.
APA Corporation’s market cap currently stands at around $9.21 billion, with investors looking forward to this quarter’s earnings report slated for in February. The company has a Forward Dividend ratio of 1.00, with its dividend yield at 4.02%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 2.29B for the company’s revenue for the quarter, with a low and high estimate of 2.06B and 2.46B respectively. The average forecast suggests up to a 21.00% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 9.3B, representing a 13.58% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that APA is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
14 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 4 analyst(s) rate the stock as a Hold, 9 recommend APA as a Buy and 1 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
APA’s current price about 7.87% and 9.89% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 67.31, while 7-day volatility ratio is 3.58% and 3.48% in the 30-day chart. Further, APA Corporation (APA) has a beta value of 3.17, and an average true range (ATR) of 0.76. Analysts have given the company’s stock an average 52-week price target of $29, forecast between a low of $23 and high of $34. Looking at the price targets, the low is 7.59% off recent price level in today’s trading while to achieve the yearly target high, it has to move -36.6%. Nonetheless, investors will most likely welcome a -16.51% jump to $29 which is the analysts’ median price.
If we refocus on APA Corporation (NASDAQ:APA), historical trading data shows that trading volumes averaged 6.01 over the past 10 days and 6.48 million over the past 3 months. The company’s latest data on shares outstanding shows there are 369.92 million shares.
The 2.12% of APA Corporation’s shares are in the hands of company insiders while institutional holders own 83.42% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 22.26 million on 2024-12-31, giving us a short ratio of 3.28. The data shows that as of 2024-12-31 short interest in APA Corporation (APA) stood at 688.0 of shares outstanding, with shares short rising to 20.46 million registered in 2024-11-29. Current price change has pushed the stock 7.80% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the APA stock continues to rise going into the next quarter.
