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The closing price of APA Corporation (NASDAQ: APA) was $32.26 for the day, down -0.74% from the previous closing price of $32.50. In other words, the price has decreased by -$0.74 from its previous closing price. On the day, 5.99 million shares were traded. APA stock price reached its highest trading level at $32.875 during the session, while it also had its lowest trading level at $32.135.
Ratios:
Our analysis of APA’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 137.53 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 15.03. 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 11986298880 and an Enterprise Value of 16154675200. As of this moment, APA’s Price-to-Earnings (P/E) ratio for their current fiscal year is 3.48, and their Forward P/E ratio for the next fiscal year is 6.19. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.45 while its Price-to-Book (P/B) ratio in mrq is 3.69. Its current Enterprise Value per Revenue stands at 1.996 whereas that against EBITDA is 3.166.
Stock Price History:
The Beta on a monthly basis for APA is 3.29, which has changed by -0.14429706 over the last 52 weeks, in comparison to a change of 0.2160933 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 $29.47. The 50-Day Moving Average of the stock is 0.38%, while the 200-Day Moving Average is calculated to be -12.27%.
Shares Statistics:
APA traded an average of 7.00M shares per day over the past three months and 6368550 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 68.08% stake in the company. Shares short for APA as of 1711584000 were 22090225 with a Short Ratio of 3.16, compared to 1709164800 on 19492876. Therefore, it implies a Short% of Shares Outstanding of 22090225 and a Short% of Float of 8.48.
Dividends & Splits
With its trailing 12-month dividend rate of 1.0, APA has a forward annual dividend rate of 1.00. 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 2024-01-19 with an ex-dividend date of 1713484800. Stock splits for the company last occurred on 2004-01-15 when the company split stock in a 2:1 ratio.
Earnings Estimates
The stock of APA Corporation (APA) is currently in the spotlight, with 20 analysts actively rating and assessing its market standing.On average, analysts expect EPS of $0.83 for the current quarter, with a high estimate of $1.16 and a low estimate of $0.48, while EPS last year was $1.19. The consensus estimate for the next quarter is $1.1, 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 $4.56. EPS for the following year is $5.33, with 21 analysts recommending between $7.64 and $2.38.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 5 analysts. It ranges from a high estimate of $2.06B 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 3.10% from the year-ago figure.
A total of 8 analysts have provided revenue estimates for APA’s current fiscal year. The highest revenue estimate was $9.78B, while the lowest revenue estimate was $8.61B, resulting in an average revenue estimate of $9.06B. In the same quarter a year ago, actual revenue was $7.3B, up 24.20% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $9.9B in the next fiscal year. The high estimate is $10.73B and the low estimate is $9.34B. The average revenue growth estimate for next year is up 9.20% from the average revenue estimate for this year.
