APA Corporation (NASDAQ: APA) is -19.58% lower on its value in year-to-date trading and has touched a low of $18.66 and a high of $36.04 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 $18.89 in the last trading session, with the day’s loss setting it -0.32%.
Currently trading at $18.57, the stock is -15.90% and -18.03% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.29 million and changing -1.69% at the moment leaves the stock -27.75% off its SMA200. APA registered -37.66% loss for a year compared to 6-month loss of -36.71%.
The stock witnessed a -15.32% gain in the last 1 month and extending the period to 3 months gives it a -17.54%, and is -17.02% down 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 7.73% over the week and 4.47% over the month.
APA Corporation (APA) has around 2305 employees, a market worth around $6.76B and $9.74B in sales. Current P/E ratio is 8.26 and Fwd P/E is 5.20. Profit margin for the company is 8.26%. Distance from 52-week low is -0.48% and -48.48% from its 52-week high. The company has generated returns on investments over the last 12 months (6.98%).
with sales reaching $2.03B over the same period.The EPS is expected to shrink by -0.99% this year, but quarterly earnings will post -11.15% year-over-year. Quarterly sales are estimated to grow 6.43% in year-over-year returns.
APA Corporation (APA) Top Institutional Holders
The shares outstanding are 365.40M, and float is at 356.29M with Short Float at 8.78%.
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 7.294% and valued at over $796.66 million, while STATE STREET CORP holds 7.0132 of the shares totaling 26.02 million with a market value of $766.0 million.
APA Corporation (APA) Insider Activity
A total of 0 insider transactions have happened at APA Corporation (APA) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider purchase by Ellis Juliet S,the company’sDirector. SEC filings show that Ellis Juliet S bought 4,391 shares of the company’s common stock on Dec 12 ’24 at a price of $22.78 per share for a total of $0.1 million. Following the purchase, the insider now owns 12436.0 shares.
Still, SEC filings show that on Aug 15 ’24, Rabun Daniel Wayne (Director) Proposed Sale 75,998 shares at an average price of $29.63 for $2.25 million. The insider now directly holds 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 4.82% up over the past 12 months. Schlumberger Ltd. (SLB) that is -21.89% lower over the same period.
