APA Corporation (NASDAQ: APA) is -36.54% lower on its value in year-to-date trading and has touched a low of $21.15 and a high of $37.82 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 $22.44 in the last trading session, with the day’s gains setting it 0.33%.
Currently trading at $22.77, the stock is -0.02% and -6.47% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.79 million and changing 1.47% at the moment leaves the stock -20.95% off its SMA200. APA registered -37.72% loss for a year compared to 6-month loss of -22.45%. The firm has a 50-day simple moving average (SMA 50) of $24.3444 and a 200-day simple moving average (SMA200) of $28.8038.
The stock witnessed a -7.70% gain in the last 1 month and extending the period to 3 months gives it a -21.43%, and is 1.74% 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 2.50% over the week and 3.59% over the month.
APA Corporation (APA) has around 2271 employees, a market worth around $8.55B and $9.19B in sales. Current P/E ratio is 3.22 and Fwd P/E is 6.43. Profit margin for the company is 24.18%. Distance from 52-week low is 7.66% and -39.79% from its 52-week high. The company has generated returns on investments over the last 12 months (19.36%).
with sales reaching $2.28B over the same period.The EPS is expected to shrink by -12.18% this year, but quarterly earnings will post 12.04% year-over-year. Quarterly sales are estimated to grow 20.56% in year-over-year returns.
APA Corporation (APA) Top Institutional Holders
884.0 institutions hold shares in APA Corporation (APA), with institutional investors hold 86.91% of the company’s shares. The shares outstanding are 369.95M, and float is at 362.15M with Short Float at 4.43%. Institutions hold 86.56% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 49.79 million shares valued at $1.47 billion. The investor’s holdings represent 16.486% of the APA Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 32.12 million shares valued at $945.67 million to account for 10.6364 of the shares outstanding. The other top investors are HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC which holds 27.06 million shares representing 8.9605% and valued at over $796.66 million, while STATE STREET CORP holds 8.6155 of the shares totaling 26.02 million with a market value of $766.0 million.
APA Corporation (APA) Insider Activity
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