In the last trading session, 26.61 million shares of the APA Corporation (NASDAQ:APA) were traded, and its beta was 3.27. Most recently the company’s share price was $34.38, and it changed around $0.67 or 1.99% from the last close, which brings the market valuation of the company to $10.37B. APA currently trades at a discount to its 52-week high of $46.15, offering almost -34.24% off that amount. The share price’s 52-week low was $29.47, which indicates that the current value has risen by an impressive 14.28% since then. We note from APA Corporation’s average daily trading volume that its 10-day average is 10.94 million shares, with the 3-month average coming to 6.54 million.
APA Corporation stock received a consensus recommendation rating of Hold, based on a mean score of 2.29. If we narrow it down even further, the data shows that 2 out of 26 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 11 recommended APA as a Hold, whereas 8 deemed it a Buy, and 0 rated it as Underweight. APA Corporation is expected to report earnings per share of $0.74 for the current quarter.
APA Corporation (NASDAQ:APA) trade information
Instantly APA has showed a green trend with a performance of 1.99% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently down -4.18% year-to-date, but still up 1.39% over the last five days. On the other hand, APA Corporation (NASDAQ:APA) is 14.79% up in the 30-day period. We can see from the shorts that 23.31 million shares have been sold at a short interest cover period of 3.12 day(s).
The consensus price target as assigned by Wall Street analysts is $48.45, which translates to bulls needing to increase their stock price by 29.04% from its current value. Analyst projections state that APA is forecast to be at a low of $24 and a high of $74.
APA Corporation (APA) estimates and forecasts
APA Corporation share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -18.88 percent over the past six months and at a -6.40% annual growth rate that is well below the industry average of -3.80%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -37.80% in revenue this quarter, and will report an increase of 10.60% in the next quarter. The year-over-year growth rate is expected to be 20.90%, up from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of $1.82 billion in revenue for the current quarter. 6 analysts expect APA Corporation to make $2.25 billion in revenue for the quarter ending Jun 2024. Analysts predict that the company’s current quarter sales will jump, forecast at 1.40%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 145.22%. APA Corporation earnings are expected to increase by -5.87% in 2024, but the outlook is negative -7.00% per year for the next five years.
APA Dividends
APA Corporation’s next quarterly earnings report is expected to be released around May 01 and May 06. The annual dividend yield of the stock is 2.91 percent and its annual dividend per share was 1.00. It is important to note, however, that the 2.91% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
APA Corporation (NASDAQ:APA)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.48% of APA Corporation shares, and 85.16% of them are in the hands of institutional investors. The stock currently has a share float of 85.57%. APA Corporation stock is held by 940 institutions, with Vanguard Group Inc being the largest institutional investor. By Jun 29, 2023, it held 12.93% of the shares, which is about 39.72 million shares worth $1.36 billion.
Blackrock Inc., with 7.91% or 24.29 million shares worth $830.0 million as of Jun 29, 2023, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard/Windsor II were the top two Mutual Funds as of Jun 29, 2023. The former held 9.69 million shares worth $331.14 million, making up 3.15% of all outstanding shares. On the other hand, Vanguard/Windsor II held roughly 9.09 million shares worth around $368.16 million, which represents about 2.96% of the total shares outstanding.
