During the recent session, APA Corporation (NASDAQ:APA)’s traded shares were 2.35 million, with the beta value of the company hitting 3.84. At the last check today, the stock’s price was $37.55, reflecting an intraday gain of 0.13% or $0.05. The 52-week high for the APA share is $51.95, that puts it down -38.35 from that peak though still a striking 58.59% gain since the share price plummeted to a 52-week low of $15.55. The company’s market capitalization is $13.51B, and the average trade volume was 9.10 million shares over the past three months.
APA Corporation (APA) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.40. APA has a Sell rating from 1 analyst(s) out of 28 analysts who have looked at this stock. 12 analyst(s) recommend to Hold the stock while 3 suggest Overweight, and 12 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $2.46.
APA Corporation (NASDAQ:APA) trade information
APA Corporation (APA) registered a 0.13% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.13% in intraday trading to $37.55 this Wednesday, 06/22/22, hitting a weekly high. The stock’s 5-day price performance is -18.48%, and it has moved by -9.99% in 30 days. Based on these gigs, the overall price performance for the year is 70.84%.
The consensus price target of analysts on Wall Street is $56.52, which implies an increase of 33.56% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $42.00 and $86.00 respectively. As a result, APA is trading at a discount of -129.03% off the target high and -11.85% off the low.
APA Corporation (APA) estimates and forecasts
Statistics show that APA Corporation has outperformed its competitors in share price, compared to the industry in which it operates. APA Corporation (APA) shares have gone up 56.64% during the last six months, with a year-to-date growth rate more than the industry average at 180.51% against 26.50. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 251.40% this quarter and then jump 155.10% in the quarter after that. In the rating firms’ projections, revenue will increase 29.80% compared to the previous financial year.
Revenue for the current quarter is expected to be $2.55 billion as predicted by 8 analyst(s). Meanwhile, a consensus of 8 analyst(s) estimates revenue growth to $2.5 billion by the end of Sep 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $1.46 billion and $1.67 billion respectively. In this case, analysts expect current quarter sales to grow by 74.10% and then jump by 49.80% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 22.10%. While earnings are projected to return 120.20% in 2022, the next five years will return 26.27% per annum.
APA Corporation is due to release its next quarterly earnings between February 22 and February 28. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for APA Corporation is 0.50, with the dividend yield indicating at 1.33 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 2.92%.
APA Corporation (NASDAQ:APA)’s Major holders
APA Corporation insiders own 0.37% of total outstanding shares while institutional holders control 92.63%, with the float percentage being 92.97%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 819 institutions own stock in it. As of Dec 30, 2021, the company held over 45.21 million shares (or 13.37% of all shares), a total value of $1.22 billion in shares.
The next largest institutional holding, with 23.69 million shares, is of Blackrock Inc.’s that is approximately 7.00% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $979.09 million.
Also, the Mutual Funds coming in first place with the largest holdings of APA Corporation (APA) shares are Oakmark Fund and Select Sector SPDR Fund-Energy Select. Data provided on Dec 30, 2021 indicates that Oakmark Fund owns about 12.74 million shares. This amounts to just over 3.77 percent of the company’s overall shares, with a $342.68 million market value. The same data shows that the other fund manager holds slightly less at 10.68 million, or about 3.16% of the stock, which is worth about $354.78 million.