During the last session, APA Corporation (NASDAQ:APA)’s traded shares were 6.93 million, with the beta value of the company hitting 3.30. At the end of the trading day, the stock’s price was $35.43, reflecting an intraday gain of 0.62% or $0.22. The 52-week high for the APA share is $46.15, that puts it down -30.26 from that peak though still a striking 16.82% gain since the share price plummeted to a 52-week low of $29.47. The company’s market capitalization is $10.68B, and the average intraday trading volume over the past 10 days was 9.97 million shares, and the average trade volume was 7.17 million shares over the past three months.
APA Corporation (NASDAQ:APA) trade information
APA Corporation (APA) registered a 0.62% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.62% in intraday trading to $35.43, hitting a weekly high. The stock’s 5-day price performance is 5.10%, and it has moved by 16.32% in 30 days. Based on these gigs, the overall price performance for the year is -9.62%. The short interest in APA Corporation (NASDAQ:APA) is 23.31 million shares and it means that shorts have 3.12 day(s) to cover.
APA Corporation (APA) estimates and forecasts
Statistics show that APA Corporation has underperformed its competitors in share price, compared to the industry in which it operates. APA Corporation (APA) shares have gone down -10.67% during the last six months, with a year-to-date growth rate less than the industry average at -6.40% against -3.60. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -36.10% this quarter and then jump 15.30% in the quarter after that. In the rating firms’ projections, revenue will increase 21.30% compared to the previous financial year.
Revenue for the current quarter is expected to be $1.82 billion as predicted by 5 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to $2.28 billion by the end of Jun 2024.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 145.22%. While earnings are projected to return -3.42% in 2024, the next five years will return -7.00% per annum.
APA Dividends
APA Corporation is due to release its next quarterly earnings between May 01 and May 06. 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 1.00, with the dividend yield indicating at 2.82 percent, continuing the trend of increasing dividends in recent years.
APA Corporation (NASDAQ:APA)’s Major holders
APA Corporation insiders own 0.48% of total outstanding shares while institutional holders control 85.16%, with the float percentage being 85.57%. Vanguard Group Inc is the largest shareholder of the company, while 940 institutions own stock in it. As of Jun 29, 2023, the company held over 39.72 million shares (or 12.93% of all shares), a total value of $1.36 billion in shares.
The next largest institutional holding, with 24.29 million shares, is of Blackrock Inc.’s that is approximately 7.91% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $830.0 million.
Also, the Mutual Funds coming in first place with the largest holdings of APA Corporation (APA) shares are Vanguard Total Stock Market Index Fund and Vanguard/Windsor II. Data provided on Jun 29, 2023 indicates that Vanguard Total Stock Market Index Fund owns about 9.69 million shares. This amounts to just over 3.15 percent of the company’s overall shares, with a $331.14 million market value. The same data shows that the other fund manager holds slightly less at 9.09 million, or about 2.96% of the stock, which is worth about $368.16 million.
