In yesterday’s Wall Street session, APA Corporation (NASDAQ:APA) shares traded at $44.22, up 2.05% from the previous session.
As of this writing, 30 analysts cover APA Corporation (NASDAQ:APA). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $65.00 and a low of $30.00, we find $47.00. Given the previous closing price of $43.33, this indicates a potential upside of 8.47 percent. APA stock price is now 22.86% away from the 50-day moving average and 11.37% away from the 200-day moving average. The market capitalization of the company currently stands at $13.58B.
There are 10 analysts who have given it a hold rating, whereas 13 have given it a buy rating. Brokers who have rated the stock have averaged $46.67 as their price target over the next twelve months.
With the price target of $46, The Benchmark Company recently initiated with Buy rating for APA Corporation (NASDAQ: APA).
Insiders disposed of 932,356 shares of company stock worth roughly $41.23 million over the past 1 year. A total of 0.44% 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 $149,347,000. MENORA MIVTACHIM HOLDINGS LTD. invested $90,209,000 in shares of APA during the first quarter. In the first quarter, TODD ASSET MANAGEMENT LLC acquired a new stake in APA Corporation valued at approximately $23,168,000. SQUAREPOINT OPS LLC acquired a new stake in APA for approximately $14,278,000. CINCTIVE CAPITAL MANAGEMENT LP purchased a new stake in APA valued at around $9,709,000 in the second quarter. In total, there are 913 active investors with 82.40% ownership of the company’s stock.
Wednesday morning saw APA Corporation (NASDAQ: APA) opened at $44.00. During the past 12 months, APA Corporation has had a low of $30.67 and a high of $50.58. As of last week, the company has a debt-to-equity ratio of 7.86, a current ratio of 1.00, and a quick ratio of 0.80. The fifty day moving average price for APA is $36.21 and a two-hundred day moving average price translates $39.72 for the stock.
The latest earnings results from APA Corporation (NASDAQ: APA) was released for Jun, 2023. According to the Oil & Gas E&P Company, earnings per share came in at $0.85, beating analysts’ expectations of $0.75 by 0.1. This compares to $2.71 EPS in the same period last year. The net profit margin was 14.30% and return on equity was 273.50% for APA. The company reported revenue of $1.96 billion for the quarter, compared to $3.05 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -35.75 percent. For the current quarter, analysts expect APA to generate $1.87B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/22/2023. Investors who held shares on 07/21/2023 were paid a $0.25 dividend. On an annualized basis, this represents a $1.00 dividend and a 2.26% percent yield. There was an ex-dividend date of 07/20/2023 for this dividend. In terms of dividend payout ratio, APA is presently at 18.50%.
