APA Corp $APA Stock Downtrend Channel Breakout On MACD Buy Signal

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APA Corp $APA stock did a downtrend channel breakout on December 21, 2022. A MACD buy signal has just triggered on the stock and the money flow is positive. The stock is in a technical uptrend and dark pool trade also recently occurred in $APA stock. Resistance is at $48.55 and $50.58.

APA Corp stock chart on December 21 2022 with downtrend channel breakout pattern and MACD buy signal
APA Corp stock chart on December 21 2022 with downtrend channel breakout pattern and MACD buy signal

APA Corporation explores and produces oil and gas properties. It has operations in the United States, Egypt, and the United Kingdom. The company also operates gathering, processing, and transmission assets in West Texas, as well as holds ownership in four Permian-to-Gulf Coast pipelines.

Dark Pool Trading In $APA Stock

Four dark pool trades occurred in $APA stock on December 16, 2022. The trades were valued at: $16 million, $5.3 million, $6.8 million, and $9.5 million. We think the trades were broken up into smaller trades in order to prevent automated dark pool screeners from triggering on the unusually large volume. We think the dark pool trades were buy orders because $APA stock rose following the trades hitting the tape.

APA Corp stock chart on December 21 2022 with dark pool trades shown with an orange bar
APA Corp stock chart on December 21 2022 with dark pool trades shown with an orange bar

Make sure to review this lesson on dark pool trading so that you understand the chart above.

APA Corporation Declares Cash Dividend

On December 13, 2022, the Board of Directors of APA Corporation have declared a regular cash dividend on the company’s common shares. The dividend on common shares is payable February 22, 2023, to stockholders of record on January 23, 2023, at a rate of 25 cents per share on the corporation’s common stock.

APA Corp. price target raised to $55 from $46 at Barclays

On December 7, 2022, Barclays analyst Jeanine Wai raised the price target on APA Corp. to $55 from $46 and kept an Overweight rating on the shares.

APA Corp. price target raised to $49 from $46 at Piper Sandler

On November 17, 2022, Piper Sandler analyst Mark Lear raised the price target on APA Corp. to $49 from $46 and kept a Neutral rating on the shares. Mr. Lear said that the company has stuck with disciplined allocation and continues to prioritize capital return. He said that increased service costs are driving incremental capex in Q4 and 2023.

This investor explains why he likes oil stocks

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