In recent trading session, APA Corporation (NASDAQ:APA) saw 1.46 million shares changing hands at last check today with its beta currently measuring 3.30. Company’s recent per share price level of $34.72 trading at $0.32 or 0.94% at last check today assigns it a market valuation of $12.88B. That most recent trading price of APA’s stock is at a discount of -32.92% from its 52-week high price of $46.15 and is indicating a premium of 15.12% from its 52-week low price of $29.47. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 8.85 million shares which gives us an average trading volume of 6.92 million if we extend that period to 3-months.
APA Corporation (NASDAQ:APA) trade information
Upright in the green today for gaining 0.94%, in the last five days APA remained trading in the red while hitting it’s week-highest on Monday, 04/08/24 when the stock touched $34.72 price level, adding 3.66% to its value on the day. APA Corporation’s shares saw a change of -3.22% in year-to-date performance and have moved -2.84% in past 5-day. APA Corporation (NASDAQ:APA) showed a performance of 6.65% in past 30-days. Number of shares sold short was 23.31 million shares which calculate 3.12 days to cover the short interests.
APA Corporation (APA) estimates and forecasts
Statistics highlight that APA Corporation is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -10.80% of value to its shares in past 6 months, showing an annual growth rate of 0.22% while that of industry is -4.00. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to decrease by -30.30% in the current quarter and calculating 24.70% increase in the next quarter. This year revenue growth is estimated to rise 23.10% from the last financial year’s standing.
5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $1.85 billion for the same. And 6 analysts are in estimates of company making revenue of $2.33 billion in the next quarter that will end on Jun 2024.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 145.22% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 0.93% while estimates for its earnings growth in next 5 years are of -7.00%.
APA Dividends
APA Corporation is more likely to be releasing its next quarterly report on May 01 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
APA Corporation (NASDAQ:APA)’s Major holders
Insiders are in possession of 0.48% of company’s total shares while institution are holding 85.16 percent of that, with stock having share float percentage of 85.57%. Investors also watch the number of corporate investors in a company very closely, which is 85.16% institutions for APA Corporation that are currently holding shares of the company. Vanguard Group Inc is the top institutional holder at APA for having 42.64 million shares of worth $1.48 billion. And as of Dec 30, 2023, it was holding 14.13% of the company’s outstanding shares.
The second largest institutional holder is Blackrock Inc., which was holding about 24.24 million shares on Dec 30, 2023. The number of shares represents firm’s hold over 8.03% of outstanding shares, having a total worth of $842.8 million.
On the other hand, Vanguard/Windsor II and Oakmark Fund are the top two Mutual Funds which own company’s shares. As of Jan 30, 2024, the former fund manager was holding 11.82 million shares of worth $411.08 million or 3.92% of the total outstanding shares. The later fund manager was in possession of 10.58 million shares on Dec 30, 2023, making its stake of worth around $367.98 million in the company or a holder of 3.51% of company’s stock.
