Gains May Be On The Menu For APA Corporation (NASDAQ: APA)

Currently, there are 303.58M common shares owned by the public and among those 299.92M shares have been available to trade.

However, the script later moved the day high at 31.24, up 1.27%. The company’s stock has a 5-day price change of 3.90% and -7.77% over the past three months. APA shares are trading -13.04% year to date (YTD), with the 12-month market performance down to -15.70% lower. It has a 12-month low price of $29.47 and touched a high of $46.15 over the same period. APA has an average intraday trading volume of 5.76 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.68%, -1.30%, and -15.05% respectively.

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Institutional ownership of APA Corporation (NASDAQ: APA) shares accounts for 84.10% of the company’s 303.58M shares outstanding.

It has a market capitalization of $9.41B and a beta (3y monthly) value of 3.27. The stock’s trailing 12-month PE ratio is 3.36, while the earnings-per-share (ttm) stands at $9.27. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.15% over the week and 2.73% over the month.

Analysts forecast that APA Corporation (APA) will achieve an EPS of $0.79 for the current quarter, $0.9 for the next quarter and $4.79 for 2025. The lowest estimate earnings-per-share for the quarter is $0.02 while analysts give the company a high EPS estimate of $1.61. Comparatively, EPS for the current quarter was $1.19 a year ago. Earnings per share for the fiscal year are expected to decrease by -7.44%, and 12.89% over the next financial year. EPS should shrink at an annualized rate of -5.75% over the next five years, compared to 145.22% over the past 5-year period.

Citigroup coverage for the APA Corporation (APA) stock in a research note released on November 22, 2023 offered a Neutral rating with a price target of $37. Bernstein was of a view on October 17, 2023 that the stock is Mkt Perform, while The Benchmark Company gave the stock Buy rating on July 13, 2023, issuing a price target of $46. Goldman on their part issued Sell rating on July 12, 2023.

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