APA (APA) Stock Price, News & Analysis

Company Overview

APA Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids. It has oil and gas operations in the United States, Egypt, and North Sea. The company also has exploration and appraisal activities in Suriname, as well as holds interests in projects located in Uruguay and internationally. APA Corporation was incorporated in 1954 and is headquartered in Houston, Texas.

Key Stats

• Today's Range: $20.44 to $21.37
• 50-Day Range: $20.48 to $26.70
• 52-Week Range: $20.32 to $37.82
• Volume: 14.25 million shs
• Average Volume: 6.33 million shs
• Market Capitalization: $7.78 billion
• P/E Ratio: 2.97
• Dividend Yield: 4.75%
• Price Target: $31.14
• Consensus Rating: Hold

APA Stock Analysis - MarketRank™

APA scored higher than 84% of companies evaluated by MarketBeat, and ranked 62nd out of 271 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.1 / 5
• Analyst Rating: Hold

Consensus Rating

APA has received a consensus rating of Hold. The company's average rating score is 2.10, and is based on 4 buy ratings, 11 hold ratings, and 4 sell ratings.

Amount of Analyst Coverage

APA has been the subject of 13 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: -16.71%

Earnings Growth

Earnings for APA are expected to decrease by -16.71% in the coming year, from $4.01 to $3.34 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of APA is 2.97, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.74.

Price to Earnings Ratio vs. Sector

The P/E ratio of APA is 2.97, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.18.

Price to Book Value per Share Ratio

APA has a P/B Ratio of 1.75. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

5.65% of the float of APA has been sold short.

Short Interest Ratio / Days to Cover

APA has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in APA has recently increased by 7.51%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

APA is a leading dividend payer. It pays a dividend yield of 4.80%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

APA does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of APA is 14.12%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, APA will have a dividend payout ratio of 29.94% next year. This indicates that APA will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

5.65% of the float of APA has been sold short.

Short Interest Ratio / Days to Cover

APA has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in APA has recently increased by 7.51%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.4 / 5
• News Sentiment: 0.31

News Sentiment

APA has a news sentiment score of 0.31. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.66 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 30 news articles for APA this week, compared to 19 articles on an average week.

Search Interest

Only 18 people have searched for APA on MarketBeat in the last 30 days. This is a decrease of -55% compared to the previous 30 days.

MarketBeat Follows

14 people have added APA to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, APA insiders have bought more of their company's stock than they have sold. Specifically, they have bought $100,027.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

Only 1.30% of the stock of APA is held by insiders.

Percentage Held by Institutions

83.01% of the stock of APA is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

APA Stock Analysis - Frequently Asked Questions

How have APA shares performed this year?

APA's stock was trading at $35.88 on January 1st, 2024. Since then, APA shares have decreased by 41.4% and is now trading at $21.04.
View the best growth stocks for 2024 here.

How were APA's earnings last quarter?

APA Co. (NASDAQ:APA) released its quarterly earnings data on Wednesday, July, 31st. The company reported $1.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.95 by $0.22. The company's revenue was up 41.6% compared to the same quarter last year.
Read the conference call transcript.

Who are APA's major shareholders?

Top institutional shareholders of APA include Hotchkis & Wiley Capital Management LLC (8.24%), Harris Associates L P (6.73%), State Street Corp (6.73%) and Charles Schwab Investment Management Inc. (3.24%). Insiders that own company stock include P Anthony Lannie, Juliet S Ellis, Chansoo Joung and Stephen J Riney.
View institutional ownership trends.

How do I buy shares of APA?

Shares of APA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of APA own?

Based on aggregate information from My MarketBeat watchlists, some other companies that APA investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Exxon Mobil (XOM), Broadcom (AVGO), Tesla (TSLA) and Chevron (CVX).

Company Calendar

• Last Earnings: 7/31/2024
• Ex-Dividend for 11/22 Dividend: 10/22/2024
• Dividend Payable: 11/22/2024
• Today: 12/22/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Oils/Energy
• Industry: Crude petroleum & natural gas
• Sub-Industry: N/A
• Current Symbol: NASDAQ:APA
• CUSIP: N/A
• CIK: 1841666
• Web: www.apachecorp.com
• Phone: (713) 296-6000
• Fax: 713-296-6455
• Employees: 2,271
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $31.14
• High Stock Price Target: $48.00
• Low Stock Price Target: $23.00
• Potential Upside/Downside: +48.0%
• Consensus Rating: Hold
• Rating Score (0-4): 2.10
• Research Coverage: 20 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $7.08
• Trailing P/E Ratio: 2.97
• Forward P/E Ratio: 5.25
• P/E Growth: N/A
• Net Income: $2.86 billion
• Net Margins: 24.36%
• Pretax Margin: 17.26%
• Return on Equity: 27.86%
• Return on Assets: 7.99%

Debt

• Debt-to-Equity Ratio: 1.03
• Current Ratio: 1.24
• Quick Ratio: 1.24

Sales & Book Value

• Annual Sales: $9.19 billion
• Price / Sales: 0.85
• Cash Flow: $8.99 per share
• Price / Cash Flow: 2.34
• Book Value: $12.03 per share
• Price / Book: 1.75

Miscellaneous

• Outstanding Shares: 369,947,000
• Free Float: 365,138,000
• Market Cap: $7.78 billion
• Optionable: Optionable
• Beta: 3.18