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Friday, September 29, 2023

APA Corporation (APA) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for APA Corporation (APA) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.06, or 0.14%, to $43.90. The APA Corporation has recorded 271,593 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that 28th Annual EnerCom Denver – The Energy Investment Conference Set to be held August 13-16, 2023 in Denver, Colorado.

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Stocks Info

APA Corporation is listed on the NASDAQ in the Energy sector while operating in the Oil & Gas E&P industry. At the end of the last regular session, the stock closed at $43.84 and fluctuated between $44.04 as its day high and $43.44 as its day low. The current market capitalization of APA Corporation is $13.31B. A total of 2.77 million shares were traded on the day, compared to an average of 4.71M shares.

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, APA has seen 1 BUY and 0 SELL insider trades, representing the acquisition of 462 and the disposition of 0 shares. Over the last 12 months, there were 62 BUYs and 61 SELLs from insiders. Insiders purchased 1,086,627 shares during that period but sold 932,356.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. APA Corporation pays an annual dividend of $1.00, resulting in a dividend yield of 2.28%, and it has a price to earnings (P/E) ratio of 9.31. APA’s most recent ex-dividend date was 7/20/2023 when it declared a $0.25 quarterly dividend that was paid in cash on 8/22/2023. Previously, the company paid the dividend on 5/22/2023 with an ex-dividend date of 4/20/2023. The APA stock dividend was $0.25 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for APA in the last 3 months, the mean price target is $50.36 with high estimates of $65.00 and low estimates of $34.00. In terms of 52-week highs and lows, APA has a high of $50.58 and a low of $30.67.

As of this writing, APA has an earnings estimate of $Alcoa Corporation per share for the current quarter. EPS was calculated based on a consensus of AMC Entertainment Holdings, Inc estimates, with a high estimate of $APA Corporation per share and a lower estimate of $Advance Auto Parts Inc.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. APA’s latest balance sheet shows that the firm has $302.00M in Cash & Short Term Investments as of fiscal 2021. There were $7.51B in debt and $2.12B in liabilities at the time. Its Book Value Per Share was $2.30, while its Total Shareholder’s Equity was -$717.00M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 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 Buy with a score of 3.78.

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