Currently, there are 369.92M common shares owned by the public and among those 362.09M shares have been available to trade.
The company’s stock has a 5-day price change of 5.03% and -8.20% over the past three months. APA shares are trading 7.62% year to date (YTD), with the 12-month market performance down to -23.44% lower. It has a 12-month low price of $20.32 and touched a high of $36.04 over the same period. APA has an average intraday trading volume of 6.41 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 10.00%, 10.23%, and -9.10% respectively.
Institutional ownership of APA Corporation (NASDAQ: APA) shares accounts for 83.53% of the company’s 369.92M shares outstanding.
It has a market capitalization of $9.19B and a beta (3y monthly) value of 3.16. The stock’s trailing 12-month PE ratio is 3.52, while the earnings-per-share (ttm) stands at $7.06. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.13% over the week and 3.44% over the month.
Analysts forecast that APA Corporation (APA) will achieve an EPS of 1.0 for the current quarter, 0.97 for the next quarter and 3.55 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.56 while analysts give the company a high EPS estimate of 0.56. Comparatively, EPS for the current quarter was 1.15 a year ago. Earnings per share for the fiscal year are expected to decrease by -11.40%, and -13.82% over the next financial year.
Looking at the support for the APA, a number of firms have released research notes about the stock. Wells Fargo stated their Equal Weight rating for the stock in a research note on December 17, 2024, with the firm’s price target at $42-$25. Wolfe Research coverage for the APA Corporation (APA) stock in a research note released on July 18, 2024 offered a Outperform rating with a price target of $42. Evercore ISI was of a view on June 14, 2024 that the stock is In-line, while Wells Fargo gave the stock Overweight rating on April 24, 2024, issuing a price target of $55. Barclays on their part issued Equal Weight rating on April 10, 2024.
