In today’s recent session, 2.35 million shares of the APA Corporation (NASDAQ:APA) have been traded, and its beta is 3.27. Most recently the company’s share price was $32.13, and it changed around -$0.34 or -1.05% from the last close, which brings the market valuation of the company to $11.92B. APA at last check was trading at a discount to its 52-week high of $46.15, offering almost -43.64% off that amount. The share price’s 52-week low was $29.47, which indicates that the recent value has risen by an impressive 8.28% since then. We note from APA Corporation’s average daily trading volume that its 3-month average coming to 6.97 million.
APA Corporation stock received a consensus recommendation rating of Hold, based on a mean score of 2.42. If we narrow it down even further, the data shows that 6 out of 29 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 14 recommended APA as a Hold, whereas 5 deemed it a Buy, and 2 rated it as Underweight. APA Corporation is expected to report earnings per share of $0.87 for the current quarter.
APA Corporation (NASDAQ:APA) trade information
Instantly APA has been showing red trend so far today with a performance of -1.05% on intraday trading today. The performance over the last five days has remained in the red territory. The company’s shares are currently down -10.45% year-to-date, but still down -1.14% over the last five days. On the other hand, APA Corporation (NASDAQ:APA) is -3.97% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $47.3, which translates to bulls needing to increase their stock price by 32.07% 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 compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -23.79 percent over the past six months and at a 7.51% annual growth rate that is well above the industry average of -2.40%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -26.90% in revenue this quarter, and will report an increase of 42.40% in the next quarter. The year-over-year growth rate is expected to be 24.90%, up from the previous year.
Consensus estimates provided by 6 financial analysts predict the company will bring in an average of $1.83 billion in revenue for the current quarter. 7 analysts expect APA Corporation to make $2.35 billion in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $1.79 billion. Analysts predict that the company’s current quarter sales will jump, forecast at 2.10%.
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 7.74% 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 in May. The annual dividend yield of the stock is 3.11 percent and its annual dividend per share was 1.00. It is important to note, however, that the 3.11% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
