APA Corporation (APA) concluded trading on Wednesday at a closing price of $24.49, with 5.73 million shares of worth about $140.45 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -23.59% during that period and on October 23, 2024 the price saw a loss of about -2.74%. Currently the company’s common shares owned by public are about 369.90M shares, out of which, 361.20M shares are available for trading.
Stock saw a price change of -1.25% in past 5 days and over the past one month there was a price change of -3.35%. Year-to-date (YTD), APA shares are showing a performance of -31.74% which decreased to -40.54% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $22.72 but also hit the highest price of $41.86 during that period. The average intraday trading volume for APA Corporation shares is 5.81 million. The stock is currently trading -4.28% below its 20-day simple moving average (SMA20), while that difference is down -6.51% for SMA50 and it goes to -17.61% lower than SMA200.
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APA Corporation (NASDAQ: APA) currently have 369.90M outstanding shares and institutions hold larger chunk of about 82.88% of that.
The stock has a current market capitalization of $9.06B and its 3Y-monthly beta is at 3.24. PE ratio of stock for trailing 12 months is 2.67, while it has posted earnings per share of $9.16 in the same period. It has Quick Ratio of 0.85 while making debt-to-equity ratio of 1.26. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for APA, volatility over the week remained 2.49% while standing at 3.33% over the month.
Stock’s fiscal year EPS is expected to drop by -15.10% while it is estimated to decrease by -8.08% in next year. EPS is likely to shrink at an annualized rate of -13.00% for next 5-years, compared to annual growth of 145.22% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wolfe Research on July 18, 2024 offering an Outperform rating for the stock and assigned a target price of $42 to it. Coverage by Evercore ISI stated APA Corporation (APA) stock as an In-line in their note to investors on June 14, 2024, suggesting a price target of $39 for the stock. On April 24, 2024, Wells Fargo Resumed their recommendations, while on April 10, 2024, Barclays Initiated their ratings for the stock with a price target of $40. Stock get a Hold rating from Johnson Rice on January 05, 2024.
