As of close of business last night, APA Corporation’s stock clocked out at $34.40, down -1.85% from its previous closing price of $35.05. In other words, the price has decreased by -$0.65 from its previous closing price. On the day, 4734765 shares were traded.
Ratios:
To gain a deeper understanding of APA’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 146.65 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.03. For the most recent quarter (mrq), Quick Ratio is recorded 0.84 and its Current Ratio is at 1.02. In the meantime, Its Debt-to-Equity ratio is 2.06 whereas as Long-Term Debt/Eq ratio is at 2.02.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Barclays on April 10, 2024, initiated with a Equal Weight rating and assigned the stock a target price of $40.
Citigroup Downgraded its Buy to Neutral on November 22, 2023, whereas the target price for the stock was revised from $52 to $37.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, APA now has a Market Capitalization of 12.78B and an Enterprise Value of 18.00B. As of this moment, APA’s Price-to-Earnings (P/E) ratio for their current fiscal year is 3.71, and their Forward P/E ratio for the next fiscal year is 6.75. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.54 while its Price-to-Book (P/B) ratio in mrq is 3.93. Its current Enterprise Value per Revenue stands at 2.17 whereas that against EBITDA is 3.79.
Stock Price History:
Over the past 52 weeks, APA has reached a high of $46.15, while it has fallen to a 52-week low of $29.47. The 50-Day Moving Average of the stock is 32.00, while the 200-Day Moving Average is calculated to be 36.78.
Shares Statistics:
It appears that APA traded 6.92M shares on average per day over the past three months and 8.85M shares per day over the past ten days. A total of 370.89M shares are outstanding, with a floating share count of 368.88M. Insiders hold about 0.54% of the company’s shares, while institutions hold 68.19% stake in the company. Shares short for APA as of Mar 15, 2024 were 23.31M with a Short Ratio of 3.19, compared to 17.8M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 7.73% and a Short% of Float of 8.94%.
Dividends & Splits
With its trailing 12-month dividend rate of 1.00, APA has a forward annual dividend rate of 1.00. Against a Trailing Annual Dividend Yield of 2.85%, it implies a Forward Annual Dividend Yield of 2.97%. The stock’s 5-year Average Dividend Yield is 2.75. The current Payout Ratio is 10.82% for APA, which recently paid a dividend on May 22, 2024 with an ex-dividend date of Apr 19, 2024. Stock splits for the company last occurred on Jan 15, 2004 when the company split stock in a 2:1 ratio.
Earnings Estimates
As of right now, 19 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.81 for the current quarter, with a high estimate of $1.16 and a low estimate of $0.43, while EPS last year was $1.19. The consensus estimate for the next quarter is $1.03, with high estimates of $1.75 and low estimates of $0.45.
Analysts are recommending an EPS of between $6.71 and $2.18 for the fiscal current year, implying an average EPS of $4.39. EPS for the following year is $5.18, with 20 analysts recommending between $7.34 and $2.38.
Revenue Estimates
In the current quarter, 5 analysts expect revenue to total $1.83B. It ranges from a high estimate of $2B to a low estimate of $1.76B. As of the current estimate, APA Corporation’s year-ago sales were $1.79B, an estimated increase of 2.10% from the year-ago figure.
A total of 7 analysts have provided revenue estimates for APA’s current fiscal year. The highest revenue estimate was $9.32B, while the lowest revenue estimate was $8.61B, resulting in an average revenue estimate of $8.91B. In the same quarter a year ago, actual revenue was $7.3B, up 22.20% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $9.77B in the next fiscal year. The high estimate is $10.13B and the low estimate is $9.34B. The average revenue growth estimate for next year is up 9.60% from the average revenue estimate for this year.
