On 11/7/24, APA Corporation (NASDAQ: APA) stock suffered a major decline of -11.3%, closing at $21.93. Moreover, trading volume in this decline was exceptionally high at 313% of normal. Relative to the market the stock has been weak over the last nine months and has declined -6.6% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, APA is expected to continue to be a major Value Builder.
APA has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. APA has a very high Appreciation Score of 90 but a poor Power Rating of 22, and the Neutral Value Trend Rating results.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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