With 8.69 million shares changed hands, the volume of the stock remained lighter than its average volume of 9.49 million shares. The 52-week range on APA shows that it touched its highest point at $33.41 and its lowest point at $13.58 during that stretch. It currently has a 1-year price target of $22.89. With its current market cap of 6.66 billion, APA has annualized dividend of $1.00 while the current yield stands at 5.42%. Beta for the stock currently stands at 1.27.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of APA was up-trending over the past week, with a rise of 17.36%, but this was up by 22.74% over a month. Three-month performance dropped to -20.81% while six-month performance fell -15.82%. The stock lost -40.22% in the past year, while it has lost -20.05% so far this year. A look at the trailing 12-month EPS for APA yields 2.76 with Next year EPS estimates of 2.84. For the next quarter, that number is 0.65. This implies an EPS growth rate of -25.23% for this year and 0.65% for next year.
Float and Shares Shorts:
At present, 361.44 million APA shares are outstanding with a float of 353.09 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for APA since 14 analysts follow the stock currently. There are 9 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $4.3197 being high and $3.67571 being low. For APA, this leads to a yearly average estimate of $3.99275. Based on analyst estimates, the high estimate for the next quarter is $1.2 and the low estimate is $0.19. The average estimate for the next quarter is thus $0.63.
