In Friday’s Wall Street session, APA Corporation (NASDAQ:APA) shares traded at $15.04, up 3.01% from the previous session.
APA stock price is now -26.02% away from the 50-day moving average and -37.97% away from the 200-day moving average. The market capitalization of the company currently stands at $5.48B.
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, Joung Chansoo, Director bought 75,000 shares of the company’s stock on Apr 03 ’25. The stock was bought for $1,368,615 at an average price of $18.25. Upon completion of the transaction, the Director now directly owns 140,285 shares in the company, valued at $2.11 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 12 ’24, Director Ellis Juliet S bought 4,391 shares of the business’s stock. A total of $100,027 was incurred on buying the stock at an average price of $22.78. This leaves the insider owning 12,436 shares of the company worth $0.19 million. A total of 2.16% of the company’s stock is owned by insiders.
During the past 12 months, APA Corporation has had a low of $13.58 and a high of $35.25. 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 $20.3288 and a two-hundred day moving average price translates $24.24485 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.
