At the time of writing, APA Corporation [APA] stock is trading at $31.46, up 4.97%. 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 9.08% over the last week, with a monthly amount glided 7.26%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
APA Corporation [NASDAQ: APA] stock has seen the most recent analyst activity on June 14, 2024, when Evercore ISI downgraded its rating to a In-line and also revised its price target to $39 from $52. On April 10, 2024, Barclays initiated with a Equal Weight rating and assigned a price target of $40 on the stock. Johnson Rice downgraded its rating to a Hold. Citigroup downgraded its rating to a Neutral and reduced its price target to $37 on November 22, 2023. Bernstein downgraded its rating to Mkt Perform for this stock on October 17, 2023, and downed its price target to $50. In a note dated July 13, 2023, The Benchmark Company initiated an Buy rating and provided a target price of $46 on this stock.
For the past year, the stock price of APA Corporation fluctuated between $27.17 and $46.15. Currently, Wall Street analysts expect the stock to reach $45.24 within the next 12 months. APA Corporation [NASDAQ: APA] shares were valued at $31.46 at the most recent close of the market. An investor can expect a potential return of 43.8% based on the average APA price forecast.
Analyzing the APA fundamentals
According to APA Corporation [NASDAQ:APA], the company’s sales were 8.22B for trailing twelve months, which represents an -2.84% plunge. Gross Profit Margin for this corporation currently stands at 0.48% with Operating Profit Margin at 0.84%, Pretax Profit Margin comes in at 0.31%, and Net Profit Margin reading is 0.33%. To continue investigating profitability, this company’s Return on Assets is posted at 0.18, Equity is 1.56 and Total Capital is 0.54. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.02.
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 30.38 points at the first support level, and at 29.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 32.11, and for the 2nd resistance point, it is at 32.77.
Ratios To Look Out For
It is important to note that APA Corporation [NASDAQ:APA] has a current ratio of 1.16. As well, the Quick Ratio is 0.95, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 1.42, the price to book ratio is 3.63 and price to earnings (TTM) ratio is 3.52.
