Taking a Fresh Look at Apache Corporation (APA)

Apache Corporation (APA) is an interesting player in the Basic Materials space, with a focus on Independent Oil & Gas. The stock has been active on the tape, currently trading at $35.41, up from yesterday’s close by 0.25%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Apache Corporation (APA) currently trades with a market capitalization of $13.49 Billion. That value represents a market adjusting for revenues that have been growing by 8.55 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $93 Million over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $0.39 on a per share basis this quarter. Perhaps, that suggests something about why 0.62% of the outstanding share supply is held by institutional investors.

Technical Analysis

As most professionals know, technical analysis can offer critical insights into what smart money and insiders think about a stock’s prospects going forward. Looking at the stock’s movement on the chart, Apache Corporation recorded a 52-week high of $54.64. It is now trading 19.23% off that level. The stock is trading $41.24 its 50-day moving average by 5.83%. The stock carved out a 52-week low down at $33.60.

In recent action, Apache Corporation (APA) has made a move of -4.89% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 17.8, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 7.26% with $380.27 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of APA.

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