In yesterday’s Wall Street session, APA Corporation (NASDAQ:APA) shares traded at $34.85, up 1.96% from the previous session.
29 analysts cover APA Corporation (NASDAQ:APA), according to research data. 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 $35.00, we find $48.00. Given the previous closing price of $34.18, this indicates a potential upside of 40.43 percent. APA stock price is now -8.66% away from the 50-day moving average and -7.91% away from the 200-day moving average. The market capitalization of the company currently stands at $10.69B.
The stock has received a hold rating from 12 analysts and a buy rating from 12. Brokers who have rated the stock have averaged $48.07 as their price target over the next twelve months.
With the price target reduced from $52 to $37, Citigroup Downgraded its rating from Buy to Neutral for APA Corporation (NASDAQ: APA).
Insiders disposed of 958,329 shares of company stock worth roughly $33.4 million over the past 1 year. A total of 0.48% of the company’s stock is owned by insiders.
During the past 12 months, APA Corporation has had a low of $30.67 and a high of $48.14. As of last week, the company has a debt-to-equity ratio of 5.28, a current ratio of 1.06, and a quick ratio of 0.89. The fifty day moving average price for APA is $38.15 and a two-hundred day moving average price translates $37.84 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 $1.33, beating analysts’ expectations of $1.09 by 0.24. This compares to $1.28 EPS in the same period last year. The net profit margin was 17.77% and return on equity was 181.76% 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 $2.19B in revenue.
