Do futuristic bulls still own APA Corporation [APA] stock?

APA Corporation (NASDAQ:APA) shares traded -3.60% lower at $36.71 on Wall Street last session.

In accordance with the data, 31 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 $34.00, we find $50.00. Given the previous closing price of $38.08, this indicates a potential upside of 31.3 percent. APA stock price is now -11.18% away from the 50-day moving average and -4.78% away from the 200-day moving average. The market capitalization of the company currently stands at $11.26B.

It has been rated a hold by 11 analysts and a buy by 14. Brokers who have rated the stock have averaged $50.43 as their price target over the next twelve months.

With the price target reduced from $51 to $50, Bernstein Downgraded its rating from Outperform to Mkt Perform for APA Corporation (NASDAQ: APA).

Insiders disposed of 932,356 shares of company stock worth roughly $34.23 million over the past 1 year. A total of 0.48% of the company’s stock is owned by insiders.

APA Corporation (NASDAQ: APA) opened at $37.90 on Wednesday. During the past 12 months, APA Corporation has had a low of $30.67 and a high of $49.67. As of last week, the company has a debt-to-equity ratio of 8.01, a current ratio of 0.99, and a quick ratio of 0.80. The fifty day moving average price for APA is $41.33 and a two-hundred day moving average price translates $38.55 for the stock.

The latest earnings results from APA Corporation (NASDAQ: APA) was released for Sep, 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 $1.28 EPS in the same period last year. The net profit margin was 16.24% and return on equity was 230.16% for APA. The company reported revenue of $2.31 billion for the quarter, compared to $2.87 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -19.6 percent. For the current quarter, analysts expect APA to generate $2.01B in revenue.

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.

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