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After finishing at $28.60 in the prior trading day, APA Corporation (NASDAQ: APA) closed at $28.84, up 0.84%. In other words, the price has increased by $0.84 from its previous closing price. On the day, 2.91 million shares were traded. APA stock price reached its highest trading level at $28.875 during the session, while it also had its lowest trading level at $28.39.
Ratios:
Our goal is to gain a better understanding of APA by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 104.95 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.62. For the most recent quarter (mrq), Quick Ratio is recorded 0.95 and its Current Ratio is at 1.16. In the meantime, Its Debt-to-Equity ratio is 2.03 whereas as Long-Term Debt/Eq ratio is at 1.99.
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 the company, Evercore ISI on June 14, 2024, Downgraded its rating to In-line and sets its target price to $39 from $52 previously.
On April 10, 2024, Barclays started tracking the stock assigning a Equal Weight rating and target price of $40.Barclays initiated its Equal Weight rating on April 10, 2024, with a $40 target price.
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 10705177600 and an Enterprise Value of 16948187136. As of this moment, APA’s Price-to-Earnings (P/E) ratio for their current fiscal year is 3.23, and their Forward P/E ratio for the next fiscal year is 6.00. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.36. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.30 while its Price-to-Book (P/B) ratio in mrq is 3.33. Its current Enterprise Value per Revenue stands at 2.097 whereas that against EBITDA is 3.429.
Stock Price History:
The Beta on a monthly basis for APA is 3.27, which has changed by -0.22639483 over the last 52 weeks, in comparison to a change of 0.2553556 over the same period for the S&P500. Over the past 52 weeks, APA has reached a high of $46.15, while it has fallen to a 52-week low of $27.17. The 50-Day Moving Average of the stock is -3.18%, while the 200-Day Moving Average is calculated to be -14.55%.
Shares Statistics:
The stock has traded on average 6.03M shares per day over the past 3-months and 5709310 shares per day over the last 10 days, according to various share statistics. A total of 371.19M shares are outstanding, with a floating share count of 369.45M. Insiders hold about 0.47% of the company’s shares, while institutions hold 75.57% stake in the company. Shares short for APA as of 1718323200 were 22262110 with a Short Ratio of 3.69, compared to 1715731200 on 20695153. Therefore, it implies a Short% of Shares Outstanding of 22262110 and a Short% of Float of 6.859999999999999.
Dividends & Splits
In the trailing 12 months, APA’s forward annual dividend rate was 1.0, compared to 1.00 this year. Against a Trailing Annual Dividend Yield of 0.034965035The stock’s 5-year Average Dividend Yield is 2.74. The current Payout Ratio is 10.82% for APA, which recently paid a dividend on 2024-04-19 with an ex-dividend date of 1721606400. Stock splits for the company last occurred on 2004-01-15 when the company split stock in a 2:1 ratio.
