Overall market sentiment has been down on APA Corp (US) (APA) stock lately. APA receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.
APA Corp (US) has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on APA!
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With APA Stock Today?
APA Corp (US) (APA) stock is trading at $36.51 as of 2:42 PM on Friday, Dec 1, a rise of $0.51, or 1.42% from the previous closing price of $36.00. The stock has traded between $35.96 and $37.06 so far today. Volume today is less active than usual. So far 1,551,316 shares have traded compared to average volume of 3,689,416 shares.
More About APA Corp (US)
APA Corporation is an independent energy company that explores for, develops, and produces natural gas, crude oil, and natural gas liquids (NGLs). Its upstream business has exploration and production operations in three geographic areas: the United States (U.S.), Egypt, and offshore the United Kingdom (U.K.) in the North Sea (North Sea). It has exploration, and appraisal operations in Suriname, as well as interests in other international locations. The Company¿s midstream business (Altus Midstream) is operated by Altus Midstream Company through its subsidiary Altus Midstream LP (collectively, Altus). Altus owns, develops, and operates a midstream energy asset network in the Permian Basin of West Texas. It holds approximately 789,000 gross acres (451,000 net acres) in the Southern Midland Basin. The Company holds approximately 229,000 gross acres (131,000 net acres) in the Delaware Basin. It also holds approximately 2.5 million gross acres (1.1 million net acres) in legacy properties.
Click Here to get the full Stock Report for APA Corp (US) stock.