In today’s recent session, 1.65 million shares of the APA Corporation (NASDAQ:APA) have been traded, and its beta is 1.24. Most recently the company’s share price was $15.02, and it changed around -$0.18 or -1.17% from the last close, which brings the market valuation of the company to $5.47B. APA at last check was trading at a discount to its 52-week high of $33.88, offering almost -125.57% off that amount. The share price’s 52-week low was $13.58, which indicates that the recent value has risen by an impressive 9.59% since then. We note from APA Corporation’s average daily trading volume that its 10-day average is 13.83 million shares, with the 3-month average coming to 8.96 million.
APA Corporation stock received a consensus recommendation rating of Hold, based on a mean score of 2.76. If we narrow it down even further, the data shows that 3 out of 31 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 17 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 0.81 for the current quarter.
APA Corporation (NASDAQ:APA) trade information
Instantly APA has been showing red trend so far today with a performance of -1.17% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 16.92 on recent trading dayincreased the stock’s daily price by 11.23%. The company’s shares are currently down -34.94% year-to-date, but still up 7.08% over the last five days. On the other hand, APA Corporation (NASDAQ:APA) is -25.00% down in the 30-day period. We can see from the shorts that 33.34 million shares have been sold at a short interest cover period of 3.62 day(s).
The consensus price target as assigned by Wall Street analysts is $23, which translates to bulls needing to increase their stock price by 34.7% from its current value. Analyst projections state that APA is forecast to be at a low of $22 and a high of $30.
APA Corporation (APA) estimates and forecasts
The year-over-year growth rate is expected to be -12.29%, down from the previous year.
Consensus estimates provided by 10 financial analysts predict the company will bring in an average of 2.18B in revenue for the current quarter. 10 analysts expect APA Corporation to make 2.07B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.9B and 2.79B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 14.34%. Forecasts for the next quarter put sales growth at -25.98%.
APA Corporation earnings are expected to increase by -23.10% in 2025, but the outlook is negative -3.19% per year for the next five years.
APA Dividends
APA Corporation’s next quarterly earnings report is expected to be released on 2025-Feb-25. The annual dividend yield of the stock is 6.66 percent and its annual dividend per share was 1.00. It is important to note, however, that the 6.66% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 2.42 per year.
APA Corporation (NASDAQ:APA)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.45% of APA Corporation shares, and 93.64% of them are in the hands of institutional investors. The stock currently has a share float of 94.06%. APA Corporation stock is held by 898.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 16.486% of the shares, which is about 49.79 million shares worth $1.47 billion.
BLACKROCK INC., with 8.6582% or 32.12 million shares worth $945.67 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
VANGUARD WINDSOR FUNDS-Vanguard Windsor II Fund and HARRIS ASSOCIATES INVESTMENT TRUST-Oakmark Fund were the top two Mutual Funds as of Jan 31, 2025 . The former held 18.76 shares worth $282.6 million, making up 5.19% of all outstanding shares. On the other hand, HARRIS ASSOCIATES INVESTMENT TRUST-Oakmark Fund held roughly 13.58 shares worth around $204.59 million, which represents about 3.76% of the total shares outstanding.
