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Monday, January 30, 2023

What Are The Chances Of APA Corporation (NASDAQ: APA) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for APA Corporation (APA) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.03, or 0.07%, to $44.09. The APA Corporation has recorded 61,309 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that APA Corporation Provides Fourth-Quarter 2022 Supplemental Information and Schedules Results Conference Call for Feb. 23 at 10 a.m. Central Time.


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Stocks Info

As a NASDAQ listed company, APA falls under the Energy sector while operating within the Oil & Gas E&P industry segment. At the end of the last regular session, the stock closed at $44.06 and fluctuated between $44.95 as its day high and $43.71 as its day low. The current market capitalization of APA Corporation is $14.19B. A total of 5.03 million shares were traded on the day, compared to an average of 6.30M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, APA has seen 28 BUY and 28 SELL insider trades, representing the acquisition of 345,902 and the disposition of 240,413 shares. Over the last 12 months, there were 54 BUYs and 53 SELLs from insiders. Insiders purchased 847,371 shares during that period but sold 739,540.

In the most recent transaction, LANNIE P ANTHONY sold 86,750 shares of APA for 41.26 per share on May 16. After the transaction, the Exec. Vice Pres & Gen Counsel now owns 58,844 company shares. In a previous transaction on Mar 07, LANNIE P ANTHONY sold 40,800 shares at 39.90 per share. APA shares that Exec. Vice Pres & Gen Counsel owns now total 145,594.

Among the insiders who bought shares, Joung Chansoo acquired of 40,000 shares on Feb 25 at a per-share price of $32.92. This resulted in the Director holding 65,285 shares of APA after the transaction. In another insider transaction, Riney Stephen J bought 6,300 shares at $31.47 per share on Feb 24. Company shares held by the Executive Vice Pres & CFO now total 126,400.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. APA Corporation pays an annual dividend of $1.00, resulting in a dividend yield of 2.27%, and it has a price to earnings (P/E) ratio of 4.21. APA’s most recent ex-dividend date was 1/20/2023 when it declared a $0.25 quarterly dividend that was paid in cash on 2/22/2023. Previously, the company paid the dividend on 11/22/2022 with an ex-dividend date of 10/20/2022. The APA stock dividend was $0.25 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for APA in the last 3 months, the mean price target is $54.15 with high estimates of $71.00 and low estimates of $42.00. In terms of 52-week highs and lows, APA has a high of $51.95 and a low of $27.98.

As of this writing, APA has an earnings estimate of $1.81 per share for the current quarter. EPS was calculated based on a consensus of 20 estimates, with a high estimate of $2.58 per share and a lower estimate of $1.45. The company reported an EPS of $1.92 in the last quarter, which was -9.90% lower than expectations of $2.13.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 29 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for APA is Sell with a score of 4.00. A total of 11 analysts rated the stock as Buy while 4 rated it as Overweight while 11 rated it as Hold. Among the other participants, 2 thought the stock was Underweight and 1 thought it should be Sold.

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