APA Price Prediction Next Week
Analysis and Insights
News and Market Sentiment:
The oil and gas market, including APA Corporation (APA), has faced significant declines due to OPEC's production increase, economic concerns, and tariff impacts. APA's stock dropped 9.8% this week, reflecting broader market challenges.
Technical Indicators:
- RSI: APA's RSI is 22.06 (6-period) and 29.16 (14-period), indicating an oversold condition.
- MACD: The MACD line (-1.11) is below the signal line (-0.41), showing bearish momentum.
- Bollinger Bands: The stock is near the lower band, suggesting potential overselling.
- Moving Averages: Trading below 20, 50, and 200-day SMAs indicates a bearish trend.
Fibonacci Levels:
The Fibonacci support levels are at $18.24 (S1) and $16.98 (S2), with resistance at $22.35 (R1).
Analyst Ratings:
J.P. Morgan maintains a Hold rating with a $23 target, while the average target is $27.14, indicating potential upside.
Price Prediction:
Given the bearish trend and oversold conditions, APA is expected to test the $16.50 level next week.
Recommendation:
Sell APA at the current price of $18.7, as the bearish momentum and negative news outweigh the oversold condition.
APA Similar Chart Price Prediction
The price of APA is predicted to go up -19.49%, based on the high correlation periods with SCHL. The similarity of these two price pattern on the periods is 97.43%.
APA
SCHL
Down: -19.49%Similarity: 97.43%
APA Revenue Forecast
APA EPS Forecast
APA FAQs
What is APA revenue forecast for next quarter？
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APA VS S&P500
The modernization of APA's production-sharing contract with the government in Egypt makes incremental investment more attractive and has turned a stable cash cow into a lucrative growth asset.
APA has a long runway of drilling opportunities in the high-growth, low-cost Permian basin.
APA's discoveries in Suriname are a potential game-changer and could double the firm's production in the next 10 years.
APA Analyst's Forecast
Arun Jayaram
JP Morgan
Hold
2025-03-13
Price Target
$23 → $20
Upside
+5.04%
JPMorgan lowered the firm's price target on APA Corp. to $20 from $23 and keeps a Neutral rating on the shares. The firm have refreshed its exploration and production models, including its natural gas supply-demand analysis, after digesting 2025 producer capex budgets, updated winter degree day data, and stronger than expected liquified natural gas demand pull. The combination of record U.S. oil supply, the return of OPEC+ barrels in April, and global trade risk amid tariffs could result in a further decline in oil prices to force higher cost barrels out of the market, the analyst tells investors in a research note.
John Freeman
Raymond James
Strong Buy → Buy
2025-03-10
Price Target
$45 → $32
Upside
+68.24%
Biju Perincheril
Susquehanna
Buy
2025-03-03
Price Target
$33 → $31
Upside
+63.59%
