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After finishing at $23.61 in the prior trading day, APA Corporation (NASDAQ: APA) closed at $23.70, up 0.38%. In other words, the price has increased by $0.38 from its previous closing price. On the day, 6.51 million shares were traded. APA stock price reached its highest trading level at $24.05 during the session, while it also had its lowest trading level at $23.315.
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 54.79 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 15.97. For the most recent quarter (mrq), Quick Ratio is recorded 0.85 and its Current Ratio is at 1.01. In the meantime, Its Debt-to-Equity ratio is 1.26 whereas as Long-Term Debt/Eq ratio is at 1.24.
On June 14, 2024, Evercore ISI Downgraded its rating to In-line which previously was Outperform and also lowered its target price recommendation from $52 to $39.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 15 ’24 when Rabun Daniel Wayne bought 75,998 shares for $29.63 per share.
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 8766748672 and an Enterprise Value of 16524744704. As of this moment, APA’s Price-to-Earnings (P/E) ratio for their current fiscal year is 2.59, and their Forward P/E ratio for the next fiscal year is 5.42. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.77. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.98 while its Price-to-Book (P/B) ratio in mrq is 1.62. Its current Enterprise Value per Revenue stands at 1.855 whereas that against EBITDA is 3.051.
Stock Price History:
Over the past 52 weeks, APA has reached a high of $44.37, while it has fallen to a 52-week low of $22.72. The 50-Day Moving Average of the stock is -18.10%, while the 200-Day Moving Average is calculated to be -24.17%.
Shares Statistics:
The stock has traded on average 5.76M shares per day over the past 3-months and 7944620 shares per day over the last 10 days, according to various share statistics. A total of 369.90M shares are outstanding, with a floating share count of 361.20M. Insiders hold about 2.35% of the company’s shares, while institutions hold 82.80% stake in the company. Shares short for APA as of 1723680000 were 15233551 with a Short Ratio of 2.33, compared to 1721001600 on 16553773. Therefore, it implies a Short% of Shares Outstanding of 15233551 and a Short% of Float of 4.71.
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 0.042354934The stock’s 5-year Average Dividend Yield is 2.7.
