APA Corporation (NASDAQ: APA) is -2.83% lower on its value in year-to-date trading and has touched a low of $27.98 and a high of $51.95 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The APA stock was last observed hovering at around $45.09 in the last trading session, with the day’s gains setting it 0.27% off its average median price target of $52.50 for the next 12 months. It is also 36.11% off the consensus price target high of $71.00 offered by 29 analysts, but current levels are -13.4% lower than the price target low of $40.00 for the same period.
Currently trading at $45.36, the stock is 1.36% and -0.10% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.89 million and changing 0.60% at the moment leaves the stock 10.25% off its SMA200. APA registered 45.15% gain for a year compared to 6-month gain of 39.96%.
The stock witnessed a 2.79% loss in the last 1 month and extending the period to 3 months gives it a 9.27%, and is 0.04% 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 3.67% over the week and 3.92% over the month.
APA Corporation (APA) has around 2253 employees, a market worth around $14.61B and $10.90B in sales. Current P/E ratio is 4.33 and Fwd P/E is 5.47. Profit margin for the company is 33.10%. Distance from 52-week low is 62.09% and -12.69% from its 52-week high. The company has generated returns on investments over the last 12 months (31.20%).
APA Corporation (APA) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for APA Corporation (APA) is a “Overweight”. 29 analysts offering their recommendations for the stock have an average rating of 2.20, where 10 rate it as a Hold and 4 think it is a “Overweight”. 12 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
APA Corporation is expected to release its quarterly report on 05/03/2023.The EPS is expected to grow by 120.20% this year.
APA Corporation (APA) Top Institutional Holders
The shares outstanding are 329.00M, and float is at 320.35M with Short Float at 2.40%.
APA Corporation (APA) Insider Activity
A total of 56 insider transactions have happened at APA Corporation (APA) in the last six months, with sales accounting for 28 and purchases happening 28 times. The most recent transaction is an insider sale by LANNIE P ANTHONY,the company’sExec. Vice Pres & Gen Counsel. SEC filings show that LANNIE P ANTHONY sold 86,750 shares of the company’s common stock on May 16 at a price of $41.26 per share for a total of $3.58 million. Following the sale, the insider now owns 58844.0 shares.
APA Corporation disclosed in a document filed with the SEC on Mar 07 that LANNIE P ANTHONY (Exec. Vice Pres & Gen Counsel) sold a total of 40,800 shares of the company’s common stock. The trade occurred on Mar 07 and was made at $39.90 per share for $1.63 million. Following the transaction, the insider now directly holds 0.15 million shares of the APA stock.
Still, SEC filings show that on Feb 25, Joung Chansoo (Director) acquired 40,000 shares at an average price of $32.92 for $1.32 million. The insider now directly holds 65,285 shares of APA Corporation (APA).
APA Corporation (APA): Who are the competitors?
The company’s main competitors (and peers) include EOG Resources Inc. (EOG) that is trading 35.80% up over the past 12 months and Pioneer Natural Resources Company (PXD) that is 22.49% higher over the same period. Schlumberger Limited (SLB) is 50.77% up on the 1-year trading charts.