In the last trading session, 11.75 million APA Corporation (NASDAQ:APA) shares changed hands as the company’s beta touched 3.27. With the company’s per share price at $32.88 changed hands at -$1.71 or -4.94% during last session, the market valuation stood at $9.91B. APA’s last price was a discount, traded about -40.36% off its 52-week high of $46.15. The share price had its 52-week low at $29.47, which suggests the last value was 10.37% up since then. When we look at APA Corporation’s average trading volume, we note the 10-day average is 9.13 million shares, with the 3-month average coming to 6.33 million.
APA Corporation (NASDAQ:APA) trade information
Instantly APA was in red as seen at the end of in last trading. With action -0.78%, the performance over the past five days has been red. The drop to weekly highs of 34.80 subtracted -4.94% to the stock’s daily price. The company’s shares are showing year-to-date downside of -8.36%, with the 5-day performance at -0.78% in the red. However, in the 30-day time frame, APA Corporation (NASDAQ:APA) is 11.01% up. Looking at the short shares, we see there were 19.49 million shares sold at short interest cover period of 3.08 days.
APA Corporation (APA) estimates and forecasts
Data shows that the APA Corporation share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -19.84% over the past 6 months, a -6.40% in annual growth rate that is considerably lower than the industry average of -1.90%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for APA Corporation will fall -37.80%, while the growth in revenue is estimated to hit 10.60% for the next quarter. Year-over-year growth is forecast to reach 18.00% up from the last financial year.
Consensus estimates given by 6 financial analysts project the company’s revenue in the current quarter to hit an average of $1.8 billion. 7 analysts are of the opinion that APA Corporation’s revenue for the quarter ending Jun 2024 will be $2.18 billion. The company’s revenue for the corresponding quarters a year ago was $1.79 billion. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 0.30%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 145.22%. The 2024 estimates are for APA Corporation earnings to decrease by -5.51%, but the outlook for the next 5-year period is at -7.00% per year.
APA Dividends
APA Corporation is expected to release its next quarterly earnings report between May 01 and May 06. The 3.04% annual yield figure for the share gives it an annual dividend of 1.00. It is important to note, however, that the 3.04% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
APA Corporation (NASDAQ:APA)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.48% of APA Corporation shares while 85.15% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 85.56%. There are 85.15% institutions holding the APA Corporation stock share, with Vanguard Group Inc the top institutional holder. As of Jun 29, 2023, the company held 12.93% of the shares, roughly 39.72 million APA shares worth $1.36 billion.
Blackrock Inc. holds the second largest percentage of outstanding shares, with 7.91% or 24.29 million shares worth $830.0 million as of Jun 29, 2023.
Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard Total Stock Market Index Fund and Vanguard/Windsor II. With 9.69 million shares estimated at $331.14 million under it, the former controlled 3.15% of total outstanding shares. On the other hand, Vanguard/Windsor II held about 2.96% of the shares, roughly 9.09 million shares worth around $368.16 million.
