Stock Rating Downgrade
The Value Trend Rating for APA Corporation (NASDAQ: APA) weakened recently from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
APA Corporation (NASDAQ: APA) stock closed at $28.32 on 8/9/24 after a slight decline of -0.5%. However, trading volume in this decline was below average at 72% of normal. The stock has declined -8.9% during the last week and has been weak relative to the market over the last nine months.
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 (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. APA has a very high Appreciation Score of 94 but a poor Power Rating of 27, and the High Neutral Value Trend Rating results.
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