In yesterday’s Wall Street session, APA Corporation (NASDAQ:APA) shares traded at $31.63, down -3.98% from the previous session.
As of this writing, 31 analysts cover APA Corporation (NASDAQ:APA). The consensus rating among analysts is ‘Overweight’. APA stock price is now -12.28% away from the 50-day moving average and -21.44% away from the 200-day moving average. The market capitalization of the company currently stands at $9.79B.
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There are 12 analysts who have given it a hold rating, whereas 13 have given it a buy rating.
With the price target of $45, UBS recently initiated with Neutral rating for APA Corporation (NASDAQ: APA). On January 25, 2023, Wells Fargo recently initiated its ‘Overweight’ rating on the stock quoting a target price of $52, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’.
Insiders disposed of 923,554 shares of company stock worth roughly $29.21 million over the past 1 year. A total of 0.43% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in APA stock. A new stake in APA Corporation shares was purchased by SMEAD CAPITAL MANAGEMENT, INC. during the first quarter worth $106,826,000. SQUAREPOINT OPS LLC invested $10,213,000 in shares of APA during the first quarter. In the first quarter, CINCTIVE CAPITAL MANAGEMENT LP acquired a new stake in APA Corporation valued at approximately $6,945,000. SOURCEROCK GROUP LLC acquired a new stake in APA for approximately $6,200,000. KETTLE HILL CAPITAL MANAGEMENT, LLC purchased a new stake in APA valued at around $5,827,000 in the second quarter. In total, there are 945 active investors with 82.40% ownership of the company’s stock.
Tuesday morning saw APA Corporation (NASDAQ: APA) opened at $32.60. During the past 12 months, APA Corporation has had a low of $30.15 and a high of $51.95. As of last week, the company has a debt-to-equity ratio of 13.06, a current ratio of 1.10, and a quick ratio of 0.90. According to the stock market information, the enterprise value for the company is $16.00B, which is based on a 5.12 price-to-earnings ratio, a 0.59 price-to-earnings-growth ratio, and a beta of 3.54. The fifty day moving average price for APA is $35.89 and a two-hundred day moving average price translates $40.24 for the stock.
The latest earnings results from APA Corporation (NASDAQ: APA) was released for Mar, 2023. According to the Oil & Gas E&P Company, earnings per share came in at $1.19, beating analysts’ expectations of $1.03 by 0.16. This compares to $5.43 EPS in the same period last year. The net profit margin was 19.50% and return on equity was 396.50% for APA. The company reported revenue of $2.03 billion for the quarter, compared to $3.83 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -46.97 percent. For the current quarter, analysts expect APA to generate $1.95B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 05/22/2023. Investors who held shares on 04/21/2023 were paid a $0.25 dividend. On an annualized basis, this represents a $1.00 dividend and a 3.16% percent yield. There was an ex-dividend date of 04/20/2023 for this dividend. In terms of dividend payout ratio, APA is presently at 12.10%.
APA Corporation(APA) Company Profile
APA Corporation, through its subsidiaries, explores for, develops, and produces natural gas, crude oil, and natural gas liquids. It has operations in the United States, Egypt, and the United Kingdom, as well as has exploration activities offshore Suriname. The company also operates gathering, compression, processing, and transmission assets in West Texas, as well as holds ownership in four Permian Basin long-haul pipeline. APA Corporation was founded in 1954 and is based in Houston, Texas.
