APA Corporation [APA] stock prices are up 0.46% to $35.05 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The APA shares have lost -0.45% over the last week, with a monthly amount glided 12.34%, and seem to be holding up well over a long-time horizon.
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
Sponsored
On 10, April 2024, APA Corporation Provides First-Quarter 2024 Supplemental Information and Schedules Results Conference Call for May 2 at 10 a.m. Central Time. In a post published today on Yahoo Finance, APA Corporation (Nasdaq: APA) today provided supplemental information regarding certain first-quarter 2024 financial and operational results. This information is intended only to provide additional information regarding current estimates management believes will affect results for the first-quarter 2024. It is provided to assist investors, analysts and others in formulating their own estimates, and is not intended to be a comprehensive presentation of all factors that will affect first-quarter 2024 results. Actual results and the impact of factors identified here may vary depending on the impact of other factors not identified here and are subject to finalization of the financial reporting process for first-quarter 2024.
From an analyst’s perspective:
APA Corporation [NASDAQ: APA] stock has seen the most recent analyst activity on April 10, 2024, when Barclays initiated its Equal Weight rating and assigned the stock a price target of $40. Previously, Johnson Rice downgraded its rating to Hold on January 05, 2024. On November 22, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $37 on the stock. Bernstein downgraded its rating to a Mkt Perform and decreased its price target to $50 on October 17, 2023. The Benchmark Company initiated its recommendation with a Buy and recommended $46 as its price target on July 13, 2023. Goldman downgraded its rating to Sell for this stock on July 12, 2023, but kept the price target unchanged to $30. In a note dated April 19, 2023, UBS initiated an Neutral rating and provided a target price of $45 on this stock.
The stock price of APA Corporation [APA] has been fluctuating between $29.47 and $46.15 over the past year. Currently, Wall Street analysts expect the stock to reach $48.5 within the next 12 months. APA Corporation [NASDAQ: APA] shares were valued at $35.05 at the most recent close of the market. An investor can expect a potential return of 38.37% based on the average APA price forecast.
Analyzing the APA fundamentals
The APA Corporation [NASDAQ:APA] reported sales of 8.28B for trailing twelve months, representing 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.0.
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 34.56 points at the first support level, and at 34.07 for the second support level. However, for the 1st resistance point, the stock is sitting at 35.36, and for the 2nd resistance point, it is at 35.66.
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
It’s worth pointing out that APA Corporation [NASDAQ:APA]’s Current Ratio is 1.02. Further, the Quick Ratio stands at 0.84, while the Cash Ratio is 0.04. Considering the valuation of this stock, the price to sales ratio is 1.57, the price to book ratio is 4.01 and price to earnings (TTM) ratio is 3.78.
