In yesterday’s Wall Street session, APA Corporation (NASDAQ:APA) shares traded at $20.81, up 3.17% from the previous session.
APA stock price is now -5.78% away from the 50-day moving average and -17.14% away from the 200-day moving average. The market capitalization of the company currently stands at $7.58B.
With the price target reduced from $45 to $32, Raymond James Downgraded its rating from Strong Buy to Outperform for APA Corporation (NASDAQ: APA). On December 17, 2024, Wells Fargo Downgraded its previous ‘Overweight’ rating to ‘Equal Weight’ on the stock reducing its target price from $42 to quote $25, while ‘Wolfe Research’ rates the stock as ‘Outperform’
In other news, Ellis Juliet S, Director bought 4,391 shares of the company’s stock on Dec 12 ’24. The stock was bought for $100,027 at an average price of $22.78. Upon completion of the transaction, the Director now directly owns 12,436 shares in the company, valued at $0.26 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 28 ’24, Former Officer LANNIE P ANTHONY bought 89,501 shares of the business’s stock. A total of $2,145,212 was incurred on buying the stock at an average price of $23.97. A total of 2.14% of the company’s stock is owned by insiders.
During the past 12 months, APA Corporation has had a low of $17.66 and a high of $36.04. As of last week, the company has a debt-to-equity ratio of 1.22, a current ratio of 1.15, and a quick ratio of 1.01. The fifty day moving average price for APA is $22.087 and a two-hundred day moving average price translates $25.11375 for the stock.
The latest earnings results from APA Corporation (NASDAQ: APA) was released for 2024-12-31. The net profit margin was 8.26% and return on equity was 20.26% for APA. The company reported revenue of $2.5 billion for the quarter, compared to $1.89 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 32.24 percent.
