APA Corporation [APA] stock is trading at $35.43, up 3.05%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The APA shares have gain 5.89% over the last week, with a monthly amount glided 18.93%, and seem to be holding up well over a long-time horizon.
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On 1, April 2024, APA Corporation Appoints Matthew Bob and Anya Weaving to Board of Directors. In a post published today on Yahoo Finance, APA Corporation (Nasdaq: APA) today announced the appointment of Matthew Bob and Anya Weaving to its board of directors.
From an analyst’s perspective:
APA Corporation [NASDAQ: APA] stock has seen the most recent analyst activity on January 05, 2024, when Johnson Rice downgraded its rating to a Hold. Previously, Citigroup downgraded its rating to Neutral on November 22, 2023, and dropped its price target to $37. On October 17, 2023, downgrade downgraded it’s rating to Mkt Perform and revised its price target to $50 on the stock. The Benchmark Company started tracking the stock assigning a Buy rating and suggested a price target of $46 on July 13, 2023. Goldman downgraded its rating to a Sell but $30 remained the price target by the analyst firm on July 12, 2023. UBS started tracking with a Neutral rating for this stock on April 19, 2023, and assigned it a price target of $45. In a note dated January 25, 2023, Wells Fargo initiated an Overweight rating and provided a target price of $52 on this stock.
APA Corporation [APA] stock has fluctuated between $29.47 and $46.15 over the past year. Currently, Wall Street analysts expect the stock to reach $48.45 within the next 12 months. APA Corporation [NASDAQ: APA] shares were valued at $35.43 at the most recent close of the market. An investor can expect a potential return of 36.75% based on the average APA price forecast.
Analyzing the APA fundamentals
APA Corporation [NASDAQ:APA] reported sales of 8.28B for the trailing twelve months, which represents a drop of -12.34%. Gross Profit Margin for this corporation currently stands at 0.51% with Operating Profit Margin at 0.83%, Pretax Profit Margin comes in at 0.35%, and Net Profit Margin reading is 0.35%. To continue investigating profitability, this company’s Return on Assets is posted at 0.19, Equity is 2.41 and Total Capital is 0.53. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.0.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 34.66 points at the first support level, and at 33.89 for the second support level. However, for the 1st resistance point, the stock is sitting at 35.84, and for the 2nd resistance point, it is at 36.25.
APA Corporation [APA] reported earnings per share of $1.15 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.35/share, meaning a difference of -$0.2 and a surprise factor of -14.80%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.33 per share as compared to estimates of $1.09 per share, a difference of $0.24 representing a surprise of 22.00%.
Ratios To Look Out For
For context, APA Corporation’s Current Ratio is 1.02. As well, the Quick Ratio is 0.84, while the Cash Ratio is 0.04. Considering the valuation of this stock, the price to sales ratio is 1.29, the price to book ratio is 4.05 and price to earnings (TTM) ratio is 3.82.
