APA Corporation (NASDAQ:APA) shares, rose in value on Thursday, February 13, with the stock price up by 0.54% to the previous day’s close as strong demand from buyers drove the stock to $22.49.
Actively observing the price movement in the last trading, the stock closed the session at $22.37. The PE ratio was 3.18 over 12-month period. Referring to stock’s 52-week performance, its high was $36.04, and the low was $20.32. On the whole, APA has fluctuated by -9.50% over the past month.
With the market capitalization of APA Corporation currently standing at about $8.32 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March. The company’s Forward Dividend Ratio is 1.00, with its dividend yield at 4.45%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 9.36B, with a low estimate of 2.07B and a high estimate of 2.54B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 2.31B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that APA’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of APA currently trading nearly -1.96% and -1.02% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 47.27, while the 7-day volatility ratio is showing 3.24% which for the 30-day chart, stands at 3.48%. Furthermore, APA Corporation (APA)’s beta value is 3.27, and its average true range (ATR) is 0.81.
A comparison of APA Corporation (APA) with its peers suggests the former has fared considerably weaker in the market. APA showed an intraday change of 0.54% in last session, and over the past year, it shrunk by -26.21%%.
Data on historical trading for APA Corporation (NASDAQ:APA) indicates that the trading volumes over the past 3 months, they’ve averaged 6.54 million. According to company’s latest data on outstanding shares, there are 369.92 million shares outstanding.
Nearly 2.13% of APA Corporation’s shares belong to company insiders and institutional investors own 85.32% of the company’s shares. The stock has fallen by -2.60% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the APA stock heading into the next quarter.
