At the time of writing, APA Corporation [APA] stock is trading at $22.60, up 2.63%. 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 3.06% over the last week, with a monthly amount drifted -8.87%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Evercore ISI downgraded its rating to In-line on June 14, 2024, and dropped its price target to $39. Barclays started tracking the stock assigning a Equal Weight rating and suggested a price target of $40 on April 10, 2024. Johnson Rice downgraded its rating to a Hold. Citigroup downgraded its rating to Neutral for this stock on November 22, 2023, and downed its price target to $37. In a note dated October 17, 2023, Bernstein downgraded an Mkt Perform rating on this stock and revised its target price from $51 to $50.
For the past year, the stock price of APA Corporation fluctuated between $21.15 and $38.27. Currently, Wall Street analysts expect the stock to reach $42.95 within the next 12 months. APA Corporation [NASDAQ: APA] shares were valued at $22.60 at the most recent close of the market. An investor can expect a potential return of 90.04% based on the average APA price forecast.
Analyzing the APA fundamentals
According to APA Corporation [NASDAQ:APA], the company’s sales were 9.19B for trailing twelve months, which represents an 9.66% jump. Gross Profit Margin for this corporation currently stands at 0.44% with Operating Profit Margin at 0.63%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.24%. To continue investigating profitability, this company’s Return on Assets is posted at 0.52, Equity is 0.56 and Total Capital is 4.35. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.25.
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 22.26 points at the first support level, and at 21.93 for the second support level. However, for the 1st resistance point, the stock is sitting at 22.79, and for the 2nd resistance point, it is at 22.99.
Ratios To Look Out For
It is important to note that APA Corporation [NASDAQ:APA] has a current ratio of 1.24. As well, the Quick Ratio is 1.07, while the Cash Ratio is 0.02. Considering the valuation of this stock, the price to sales ratio is 0.91, the price to book ratio is 1.63 and price to earnings (TTM) ratio is 3.20.
Transactions by insiders
Recent insider trading involved LANNIE P ANTHONY, Former Officer, that happened on Oct 28 ’24 when 89501.0 shares were purchased. Director, Rabun Daniel Wayne completed a deal on Aug 15 ’24 to buy 75998.0 shares.
