APA Corporation (NASDAQ: APA) is 26.96% higher on its value in year-to-date trading and has touched a low of $6.36 and a high of $23.85 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The APA stock was last observed hovering at around $17.86 in the last trading session, with the day’s gains setting it 0.15% off its average median price target of $24.00 for the next 12 months. It is also 52.61% off the consensus price target high of $38.00 offered by 30 analysts, but current levels are -12.56% lower than the price target low of $16.00 for the same period.
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Currently trading at $18.01, the stock is -7.41% and -3.09% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.26 million and changing 0.87% at the moment leaves the stock 24.30% off its SMA200. APA registered 206.90% gain for a year compared to 6-month gain of 83.08%. The firm has a 50-day simple moving average (SMA 50) of $19.68 and a 200-day simple moving average (SMA200) of $14.69.
The stock witnessed a -22.25% loss in the last 1 month and extending the period to 3 months gives it a 11.34%, and is 1.04% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.59% over the week and 4.85% over the month.
APA Corporation (APA) has around 2272 employees, a market worth around $6.46B and $4.43B in sales. Fwd P/E is 12.62. Distance from 52-week low is 183.25% and -24.47% from its 52-week high. The company has generated returns on investments over the last 12 months (-60.50%).
APA Corporation (APA) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for APA Corporation (APA) is a “Overweight”. 30 analysts offering their recommendations for the stock have an average rating of 2.40, where 17 rate it as a Hold and 1 think it is a “Overweight”. 11 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
APA Corporation quarterly earnings per share for the current quarter are estimated at $0.27 with sales reaching $1.24B over the same period.The EPS is expected to shrink by -36.40% this year, but quarterly earnings will post 27.40% year-over-year. Quarterly sales are estimated to shrink -2.90% in year-over-year returns.
APA Corporation (APA) Top Institutional Holders
654 institutions hold shares in APA Corporation (APA), with 1.08M shares held by insiders accounting for 0.29% while institutional investors hold 87.61% of the company’s shares. The shares outstanding are 378.00M, and float is at 376.37M with Short Float at 2.97%. Institutions hold 87.36% of the Float.
The top institutional shareholder in the company is Woodstock Corporation with over 0.19 million shares valued at $3.42 million. The investor’s holdings represent 0.05% of the APA Shares outstanding. As of Mar 30, 2021, the second largest holder is Pacer Advisors, Inc. with 22109.0 shares valued at $0.4 million to account for 0.01% of the shares outstanding.
APA Corporation (APA) Insider Activity
The most recent transaction is an insider sale by Riney Stephen J ,the company’sExecutive Vice Pres & CFO. SEC filings show that Riney Stephen J sold 35,000 shares of the company’s common stock on Mar 18 at a price of $19.38 per share for a total of $0.68 million. Following the sale, the insider now owns 0.11 million shares.
APA Corporation disclosed in a document filed with the SEC on Mar 12 that Ellis Juliet S (Director) bought a total of 4,545 shares of the company’s common stock. The trade occurred on Mar 12 and was made at $22.05 per share for $0.1 million. Following the transaction, the insider now directly holds 8045.0 shares of the APA stock.
APA Corporation (APA): Who are the competitors?
The company’s main competitors (and peers) include EOG Resources Inc. (EOG) that is trading 85.90% up over the past 12 months and Marathon Oil Corporation (MRO) that is 202.21% higher over the same period. Chevron Corporation (CVX) is 29.61% up on the 1-year trading charts. Short interest in the company’s stock has risen 27.07% from the last report on Mar 14, 2021 to stand at a total of 11.18 million short shares sold with a short interest ratio of 1.18.