APA APA Corporation Common Stock
XNAS
49.15
Delayed
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
APA
$49.15
—
Key stats
$49.15
- 52-Week Range
- $21.63 – $49.26
- YTD
- +93.81%
- IV Rank (30D)
- 68.16
- Straddle Price
- $5.12
- P/C Vol Ratio
- 0.73
- Market Cap
- $16.5B
- Open
- $47.85
- Day Range
- $47.47 – $49.26
- Volume
- 6,329,227
- Prev Close
- $47.23
Fair Value
MODEL: NEUTRAL
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 5.21% |
| Beta vs SPY | 0.76 |
| Cost of Equity (CAPM) | 9.03% (VRP-adj) |
| WACC | 8.08% |
| Volatility Risk Premium | +13.4pp (IV − HV30) |
| Effective Tax Rate | 36.4% |
| Rev. Growth (YoY, DCF input) | +6.8% |
| DCF Horizon | 12 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.07 (applied to P/E, EV/EBITDA, P/S) |
| Free Cash Flow (TTM) | $2.1B |
| Return on Equity (TTM) | 23.9% |
| Book / Price | 43.8% — banking bias active (P/B is primary) |
| Gross Margin (TTM) | 87.4% |
| FCF Margin (TTM) | 24.5% |
| Debt / Equity | 0.58 |
| Quality Score | 4/6 — high quality (12y DCF) |
| Market-Implied Growth | -6.9% (reverse-DCF on current price) |
| SMA 50 | $43.36 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $44.34 |
| Bollinger Width / SMA20 | 37.4% (drives anchor stability) |
| Net Debt | $4.0B |
| Market Cap | $17B |
Peers used for multiples: COP, CVX, DVN, EOG, EQT, XOM
(filtered from 8 ETF-co-members; sector bias active)
60-Day Conviction
1%
20-Day Fair Value
≈ by Nov 16, 2026
$49.26
α +0.2%
rank 82%
conviction
14%
40-Day Fair Value
≈ by Dec 15, 2026
$49.42
α +0.6%
rank 82%
conviction
16%
60-Day Fair Value
≈ by Jan 13, 2027
$49.14
α -0.0%
rank 82%
conviction
1%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | $133.54 | 20% | |
| DDM (Gordon) | $32.54 | 16% | |
| Peer P/E | $80.72 | 9% | median 17.6× · 6 peers |
| Peer EV/EBITDA | $104.78 | 9% | median 7.5× · 6 peers |
| Peer P/B | $47.53 | 2% | median 2.3× · 6 peers |
| Peer P/S | $70.54 | 6% | median 2.7× · 6 peers |
| Market Anchor (SMA50) | $43.36 | 26% | stability 66% (BB-width) |
| Options Expected (B-L 30d) | $47.38 | 12% | 12 strikes · skew +0.66 |
As of 2026-10-16 · updated
Related
About
- Industry (SIC)
- CRUDE PETROLEUM & NATURAL GAS (1311) · industry map
- Exchange
- XNAS
- Market Cap
- $16.5B
- Employees
- 1,791
- List Date
- 1969-05-27
- CIK
- 0001841666
- Next Earnings
- 2026-11-04 (After-Close)
- EPS Forecast
- $1.22 (9 est.)
- Headquarters
- Houston, TX
- Homepage
- https://www.apacorp.com
APA Corp is an independent exploration and production company. It develops and produces crude oil, natural gas, and natural gas liquids. The company's business has oil and gas operations in four segments: Egypt, the North Sea, Suriname, and the U.S. The company generates the majority of its revenue from the U.S. reporting segment. The company also has exploration interests in Uruguay, Alaska, and other international locations.
Summary
—
composite
—
No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -3.32% | 18.35% | 1.63% | -13.24% | -6.20% | 4.14% | 0.23% |
| Feb | 30.49% | 2.65% | -11.57% | -3.28% | -3.59% | 17.30% | 5.33% |
| Mar | -8.30% | 10.83% | -9.01% | 13.05% | 11.28% | 33.92% | 8.63% |
| Apr | 6.10% | -3.06% | -5.99% | -11.26% | -26.46% | -1.50% | -7.03% |
| May | 1.66% | 15.76% | -13.88% | 0.10% | 4.87% | -9.22% | -0.12% |
| Jun | -6.20% | -26.71% | 6.65% | 0.00% | 5.54% | -13.72% | -5.74% |
| Jul | -14.46% | 5.15% | 18.88% | 5.26% | 1.85% | 16.68% | 5.56% |
| Aug | 6.56% | 8.61% | 8.95% | -8.33% | 25.79% | 17.03% | 9.77% |
| Sep | 12.49% | -9.84% | -8.83% | -8.53% | 1.85% | -6.23% | -3.18% |
| Oct | 20.23% | 21.88% | 0.48% | -8.03% | -9.62% | 13.41%* | 6.39% |
| Nov | -5.15% | 2.31% | -9.11% | -1.91% | 11.03% | -- | -0.57% |
| Dec | 6.50% | -0.09% | -0.88% | 3.36% | -3.24% | -- | 1.13% |
| Total | 45.76% | 42.05% | -24.53% | -30.65% | 3.78% | 83.28% | 19.95% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $44.55
SMA 50: $43.61
SMA 200: $36.43
Current: $49.15
EMA 12: $46.23
EMA 26: $44.91
MACD: 1.3245 | Signal: 0.4398
BULLISH
ADX (14): 26.04
TREND
+DI: 35.32
−DI: 13.68
Momentum Oscillators
RSI (14): 69.74
NEUTRAL
Stoch %K: 87.78
Stoch %D: 89.00
Williams %R: -1.37
Volume & Volatility
BB Upper: $48.78
BB Lower: $40.32
OVERBOUGHT
OBV: 259,531,898
Vol SMA 20: 5,390,244
Vol ROC: 58.72%
ATR: $1.53
True Range: $2.03
HV 20: 35.5%
HV 30: 39.7%
HV 60: 42.3%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-18T00:00:00 – 2026-10-16T00:00:00
AI Analysis
COMPREHENSIVE STOCK ANALYSIS REPORT
Apache Corporation (APA)
EXECUTIVE SUMMARY
Overall Assessment: BULLISH | Confidence Level: 7/10
Investment Thesis: Apache (APA) presents a technically strong value opportunity with bullish momentum indicators and positive recent sentiment, though elevated volatility and an unusual negative beta warrant cautious position sizing. The stock has surged 74% over the past year and is currently trading above all major moving averages, supported by strong momentum signals, though overbought conditions in the stochastic oscillator suggest near-term consolidation risk.
Key Drivers:
- Strong technical momentum with price +$2.76 above SMA20 (+6.3%)
- Bullish MACD crossover with positive histogram (0.42)
- Positive analyst sentiment recognizing value positioning
- Inverse market correlation provides portfolio diversification
Primary Risks:
- Stochastic oscillator at 74.20 signals overbought conditions
- Elevated historical volatility (39.8-43.7%) and IV premium (19.6%)
- Negative beta (-0.74) creates counterintuitive hedging dynamics
- Volume declining 61.39% YoY suggests momentum may be stalling
- Weak ADX (18.40) indicates trending strength is diminishing
Recent News Sentiment Impact: Recent headlines (Oct 6, 2026) reinforce positive positioning with "Top-Ranked Value Stock" and inclusion in October value stock lists. The consistent positive sentiment aligns with the 6.3% YTD recovery from September lows, validating the technical breakout. However, analyst focus on value metrics rather than growth catalysts suggests upside may be limited without fundamental catalysts.
TECHNICAL ANALYSIS
Trend Direction
Short-term (1-4 weeks): BULLISH
- Price $46.04 trades 4.7% above SMA50 ($42.28) and 2.6% above SMA20 ($43.97)
- Price has reclaimed all moving averages in ascending order (20 > 50 > 200)
- Recent move from $44.50 to $46.04 (+3.4% in last session implied) shows upside momentum
- Interpretation: Intact short-term uptrend with positive MA alignment
Medium-term (1-3 months): NEUTRAL-TO-BULLISH
- SMA20/SMA50 positive convergence with 20 > 50 > 200 (bullish structure)
- ADX at 18.40 indicates range-bound regime despite price strength
- MACD momentum is positive but histogram magnitude (0.42) is modest, not extreme
- Interpretation: Uptrend established but directional conviction weakening; susceptible to consolidation
Long-term (3-12 months): BULLISH
- Price $46.04 is +28.7% above SMA200 ($35.74), indicating sustained intermediate uptrend
- 74% annual surge confirms longer-term momentum reversal
- SMA200 trending upward provides strong long-term support floor
- Interpretation: Multi-month uptrend intact with robust long-term support
Support & Resistance Levels
| Level | Type | Distance | Interpretation | |-------|------|----------|-----------------| | $46.74 | Resistance (Upper BB) | +1.5% | Immediate overhead; minor breakout potential | | $46.04 | Current Price | — | Testing upper BB; near resistance | | $43.97 | Support (SMA20) | -4.5% | Primary support; key moving average | | $42.28 | Support (SMA50) | -8.1% | Secondary support; medium-term MA | | $41.20 | Support (Lower BB) | -10.6% | Bollinger Band support; potential mean reversion target | | $35.74 | Major Support (SMA200) | -22.4% | Long-term support; major reversal point from 2025 lows |
Support/Resistance Assessment:
- Tightly clustered near-term support band ($41.20-$43.97) suggests 4-8% downside before significant capitulation
- Upper resistance at $46.74 (Bollinger Band) represents logical profit-taking level
- Bollinger Band width of 12.59% indicates above-average volatility environment; breakouts more likely to sustain
Momentum Signals
RSI (14): 62.11 — NEUTRAL, Approaching Overbought Zone
- Reading of 62.11 is firmly in neutral territory (30-70 range) but closer to overbought (>70)
- Position suggests ~8 points of RSI expansion before overbought territory
- Historically, RSI 62-70 represents late-stage uptrend momentum
- Interpretation: Momentum strong but not yet exhausted; room for continued strength but diminishing upside probability
MACD: 0.47 / Signal: 0.05 / Histogram: +0.42 — BULLISH MOMENTUM
- MACD line (0.47) is well above signal line (0.05), indicating bullish momentum
- Positive histogram (+0.42) confirms MACD above signal; bullish phase intact
- Magnitude is moderate—not an extreme bullish divergence, suggesting measured momentum
- Interpretation: Momentum positive but not accelerating dramatically; suggests consolidation phase may follow
Stochastic Oscillator: %K 74.20 / %D 61.14 — OVERBOUGHT WARNING
- %K at 74.20 is significantly above %D (61.14), indicating strong upward momentum
- Reading >70 is overbought threshold territory
- K>D crossover with both elevated suggests potential short-term pullback risk
- Interpretation: CRITICAL SIGNAL: Momentum overbought in short-term; pullback to $43-45 range likely within 5-10 trading days
Williams %R: -3.70 — OVERBOUGHT CONFIRMATION
- Reading near -0 (upper bound) confirms overbought conditions
- Further validates stochastic overbought signal
- Suggests mean reversion opportunity in near-term
Summary: Momentum indicators show mature uptrend with overbought short-term readings despite neutral RSI. MACD bullish but not extreme. Stochastic + Williams %R convergence suggests 4-8% pullback likely before next leg up.
Volume Analysis
Volume Trend: CONCERNING DIVERGENCE
- Volume SMA20: 5.88M shares (reference baseline)
- Volume Rate of Change: -61.39% (MAJOR RED FLAG)
- Interpretation: Current volume is 61% below the 20-day average, indicating substantially reduced participation
On-Balance Volume: 237.6M (Cumulative)
- OBV remains elevated and positive, confirming net buying bias
- However, declining daily volumes suggest momentum may be losing steam
- Interpretation: Accumulated buying power remains but new money is not entering position
Institutional Interest Signal:
- Call/Put Volume Ratio: 0.71 (more puts than calls by 29%)
- Call/Put OI Ratio: 0.89 (Open Interest shows 11% more calls, contradicting volume)
- Interpretation: DIVERGENCE FLAG: Volume suggests hedging/profit-taking (more puts bought), but open interest shows call positioning. This suggests new participants may be taking profits while existing longs hold.
Critical Volume Assessment: The -61.39% volume rate of change is the most concerning technical signal. This indicates that the recent advance is occurring on declining participation, a classic warning sign that momentum may be exhausting. Combined with overbought stochastic readings, this suggests institutional buying may have peaked.
NEWS & SENTIMENT ANALYSIS
Recent Headlines Summary
| Date | Headline | Sentiment | Relevance | |------|----------|-----------|-----------| | 2026-10-06 | Top-Ranked Value Stock: Should You Buy? | POSITIVE | Current, directly bullish | | 2026-10-06 | Best Value Stocks to Buy for October 6th | POSITIVE | Current, momentum validation | | 2026-09-29 | Stock Surges 74% in a Year: Lock In Profits? | POSITIVE (Cautionary) | Recent euphoria warning | | 2026-09-22 | Stock Moves -3.45%: What You Should Know | NEUTRAL | Minor pullback context | | 2026-09-22 | Energy
Generated
News
All APA news →
Earnings History
12 of 22 under expected move
Avg Expected Move
5.09%
Avg Actual Move
4.85%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2021-05-06 | Pre-Market | 5.39% | 2.19% | 0.41x | Within |
| 2021-08-05 | Pre-Market | 5.01% | 1.75% | 0.35x | Within |
| 2021-11-04 | Pre-Market | 4.85% | 5.25% | 1.08x | Exceeded |
| 2022-05-05 | Pre-Market | 5.42% | 8.63% | 1.59x | Exceeded |
| 2022-08-04 | Pre-Market | 5.05% | 10.89% | 2.16x | Exceeded |
| 2022-11-03 | Pre-Market | 5.09% | 6.89% | 1.35x | Exceeded |
| 2023-02-23 | Pre-Market | 4.99% | 3.33% | 0.67x | Within |
| 2023-05-04 | Pre-Market | 5.38% | 5.59% | 1.04x | Exceeded |
| 2023-08-03 | Pre-Market | 4.67% | 6.79% | 1.45x | Exceeded |
| 2023-11-02 | Pre-Market | 5.23% | 0.20% | 0.04x | Within |
| 2024-02-22 | Pre-Market | 5.03% | 3.88% | 0.77x | Within |
| 2024-05-02 | Pre-Market | 4.69% | 4.33% | 0.92x | Within |
| 2024-08-01 | Pre-Market | 4.65% | 0.35% | 0.08x | Within |
| 2024-11-07 | Pre-Market | 5.74% | 11.32% | 1.97x | Exceeded |
| 2025-02-27 | Pre-Market | 5.22% | 7.22% | 1.38x | Exceeded |
| 2025-05-08 | Pre-Market | 6.07% | 4.52% | 0.74x | Within |
| 2025-08-07 | Pre-Market | 4.96% | 7.75% | 1.56x | Exceeded |
| 2025-11-05 | Pre-Market | 5.79% | 1.95% | 0.34x | Within |
| 2026-01-20 | Pre-Market | 3.99% | 2.31% | 0.58x | Within |
| 2026-05-06 | Pre-Market | 5.93% | 7.67% | 1.29x | Exceeded |
| 2026-08-05 | Pre-Market | 5.47% | 3.18% | 0.58x | Within |
| 2026-10-07 | Pre-Market | 3.40% | 0.66% | 0.19x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
APA Options Activity & IV Rank
APA IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 47.3%
7-DTE IV: 43.8%
Expected Move: $5.12
7-DTE Move: $2.42
Days to Exp: 28 (2026-11-13)
Options Flow
Call Volume: 95
Put Volume: 69
P/C Volume: 0.726
NEUTRAL
Call OI: 1,641
Put OI: 299
P/C OI: 0.182
Total OI: 1,940
ATM Options Pricing
ATM Call: $2.58
ATM Put: $2.54
Call %: 5.2%
Put %: 5.2%
Chain Summary
Chain Volume: 15,838
Chain OI: 201,677
Last Updated: 10/16/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
HIGH γ vs HISTORY
Estimated net dealer gamma is at the 94th percentile of this name's own daily history, near the high end of its range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
94%
vs own history
GEX tilt
+0.66
OI-weighted, today
Vanna tilt
+0.12
δ-sensitivity to IV
Charm tilt
-0.41
δ-decay vs time
Charm tilt -0.41: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 94 ATM contracts, 31k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
36%
+3.5
pts
EXTREME
ATM 42.2% / Wing 45.7%
30 DTE / 10d
84%
+8.4
pts
EXTREME
ATM 47.4% / Wing 55.8%
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)32.2MediumOct 16
IV Rank (30 DTE)68.2MediumOct 16
Straddle Price (30 DTE)$5.12Oct 16
Beta Analysis
Risk Metrics
Beta: -0.9703
Alpha: 101.28%
Correlation: -0.2744
R-Squared: 7.5%
Stock Volatility: 45.0%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Negative beta - stock moves opposite to market
Negative beta - stock moves opposite to market
Beta & Alpha Over Time
Notable investors who own APA
5 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Bridgewater Associates Hedge fund Ray Dalio | $47.0M | #85 of 997 | new | 13F | |
| Citadel Hedge fund Ken Griffin | $34.9M | #859 of 6285 | -14.1% | 13F | |
| Renaissance Technologies Hedge fund Jim Simons | $18.0M | #758 of 3138 | new | 13F | |
| Rockefeller Capital Management Family office Rockefeller family | $9.9M | #731 of 4729 | -43.0% | 13F | |
| Millennium Management Hedge fund Izzy Englander | $737K | #3034 of 3716 | -93.7% | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
APA Institutional Ownership (13F)
Latest filings — 2026-09-30
? 13F Guide
Diluted shares outstanding: 358,000,000 (as of 2026-03-31)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
27 filers$276.97M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Jane Street Group, LLC Custodian | $83.41M | 30.12% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $45.95M | 16.59% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $34.14M | 12.32% | 2026-06-30 |
| 4 | Squarepoint Ops LLC | $15.35M | 5.54% | 2026-06-30 |
| 5 | GROUP ONE TRADING LLC Custodian | $15.00M | 5.41% | 2026-06-30 |
| 6 | IMC-Chicago, LLC Custodian | $12.74M | 4.60% | 2026-06-30 |
| 7 | Simplex Trading, LLC Custodian | $9.05M | 3.27% | 2026-06-30 |
| 8 | Wolverine Trading, LLC Custodian | $7.89M | 2.85% | 2025-09-30 |
| 9 | Millennium Management LLC Custodian | $7.47M | 2.70% | 2026-06-30 |
| 10 | Optiver Holding B.V. | $6.87M | 2.48% | 2026-06-30 |
| 11 | Rokos Capital Management LLP | $5.55M | 2.00% | 2026-06-30 |
| 12 | Walleye Trading LLC | $5.10M | 1.84% | 2026-06-30 |
| 13 | Point72 Asset Management, L.P. | $4.78M | 1.73% | 2026-06-30 |
| 14 | D. E. Shaw & Co., Inc. Custodian | $3.99M | 1.44% | 2026-06-30 |
| 15 | Parallax Volatility Advisers, L.P. | $3.83M | 1.38% | 2026-06-30 |
| 16 | Lighthouse Investment Partners, LLC | $3.26M | 1.18% | 2026-06-30 |
| 17 | TUDOR INVESTMENT CORP ET AL | $2.82M | 1.02% | 2026-06-30 |
| 18 | Alphadyne Asset Management LP | $2.72M | 0.98% | 2026-06-30 |
| 19 | Walleye Capital LLC | $1.89M | 0.68% | 2026-06-30 |
| 20 | Wells Fargo & Company Custodian | $1.63M | 0.59% | 2026-06-30 |
| 21 | Citigroup Inc. Custodian | $1.63M | 0.59% | 2026-06-30 |
| 22 | PEAK6 LLC | $719.80K | 0.26% | 2026-06-30 |
| 23 | Two Sigma Investments, LP Custodian | $472.26K | 0.17% | 2026-06-30 |
| 24 | UBS Group AG Custodian | $374.56K | 0.14% | 2026-06-30 |
| 25 | Qube Research & Technologies Ltd | $309.42K | 0.11% | 2026-06-30 |
29 filers$234.21M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Jane Street Group, LLC Custodian | $88.30M | 37.70% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $37.82M | 16.15% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $19.73M | 8.43% | 2026-06-30 |
| 4 | Squarepoint Ops LLC | $11.72M | 5.00% | 2026-06-30 |
| 5 | Walleye Trading LLC | $8.05M | 3.44% | 2026-06-30 |
| 6 | Simplex Trading, LLC Custodian | $7.85M | 3.35% | 2026-06-30 |
| 7 | Point72 Asset Management, L.P. | $7.36M | 3.14% | 2026-06-30 |
| 8 | IMC-Chicago, LLC Custodian | $6.61M | 2.82% | 2026-06-30 |
| 9 | D. E. Shaw & Co., Inc. Custodian | $5.61M | 2.40% | 2026-06-30 |
| 10 | JPMorgan Chase & Co Custodian | $5.44M | 2.32% | 2026-06-30 |
| 11 | Optiver Holding B.V. | $4.92M | 2.10% | 2026-06-30 |
| 12 | Wolverine Trading, LLC Custodian | $4.91M | 2.10% | 2025-09-30 |
| 13 | NOMURA HOLDINGS INC | $4.89M | 2.09% | 2026-06-30 |
| 14 | GROUP ONE TRADING LLC Custodian | $3.77M | 1.61% | 2026-06-30 |
| 15 | Royal Bank of Canada Custodian | $2.61M | 1.11% | 2026-06-30 |
| 16 | MIRAE ASSET SECURITIES (USA) INC. | $2.35M | 1.00% | 2026-06-30 |
| 17 | Millennium Management LLC Custodian | $2.16M | 0.92% | 2026-06-30 |
| 18 | Parallax Volatility Advisers, L.P. | $1.90M | 0.81% | 2026-06-30 |
| 19 | TUDOR INVESTMENT CORP ET AL | $1.86M | 0.79% | 2026-06-30 |
| 20 | Walleye Capital LLC | $1.52M | 0.65% | 2026-06-30 |
| 21 | Alphadyne Asset Management LP | $1.32M | 0.56% | 2026-06-30 |
| 22 | Qube Research & Technologies Ltd | $954.30K | 0.41% | 2026-06-30 |
| 23 | PEAK6 LLC | $641.63K | 0.27% | 2026-06-30 |
| 24 | CAPSTONE INVESTMENT ADVISORS, LLC | $628.60K | 0.27% | 2026-06-30 |
| 25 | Two Sigma Investments, LP Custodian | $560.20K | 0.24% | 2026-06-30 |
APA Insider Trading (Form 4)
Latest: 2026-10-01Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-10-01 | Juliet S Ellis | Director | Award (A) | +1,203 | — | EDGAR | |
| 2026-10-01 | Chansoo Joung | Director | Award (A) | +1,203 | — | EDGAR | |
| 2026-10-01 | Lamar McKay | Director | Award (A) | +1,804 | — | EDGAR | |
| 2026-10-01 | David L Stover | Director | Award (A) | +1,203 | — | EDGAR | |
| 2026-10-01 | Anya Weaving | Director | Award (A) | +1,203 | — | EDGAR | |
| 2026-10-01 | Kenneth M. Fisher | Director | Award (A) | +1,203 | — | EDGAR | |
| 2026-10-01 | Annell R Bay | Director | Award (A) | +1,203 | — | EDGAR | |
| 2026-10-01 | Charles W Hooper | Director | Award (A) | +1,203 | — | EDGAR | |
| 2026-10-01 | Peter A Ragauss | Director | Award (A) | +1,203 | — | EDGAR | |
| 2026-07-01 | David L Stover | Director | Award (A) | +1,535 | — | EDGAR | |
| 2026-07-01 | Anya Weaving | Director | Award (A) | +1,535 | — | EDGAR | |
| 2026-07-01 | Annell R Bay | Director | Award (A) | +1,535 | — | EDGAR | |
| 2026-07-01 | Peter A Ragauss | Director | Award (A) | +1,535 | — | EDGAR | |
| 2026-07-01 | Juliet S Ellis | Director | Award (A) | +1,535 | — | EDGAR | |
| 2026-07-01 | Chansoo Joung | Director | Award (A) | +1,535 | — | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
APA Insider Holdings
19 insiders · @ $49.15
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | John J Christmann | CEO | 646,449 | $31.77M | -$1.76M | 178 | 2026-02-02 |
| 2 | Chansoo Joung | Director | 246,547 | $12.12M | $4.49M | 109 | 2026-10-01 |
| 3 | Stephen J Riney | President | 216,153 | $10.62M | -$629.6K | 69 | 2026-02-02 |
| 4 | Rebecca A Hoyt | Sr. VP, Chief Acct Officer | 133,983 | $6.59M | -$2.93M | 166 | 2025-02-07 |
| 5 | Annell R Bay | Director | 105,525 | $5.19M | $0 | 94 | 2026-10-01 |
| 6 | Peter A Ragauss | Director | 103,649 | $5.09M | $0 | 91 | 2026-10-01 |
| 7 | Juliet S Ellis | Director | 90,969 | $4.47M | $295.7K | 59 | 2026-10-01 |
| 8 | Mark D Maddox | Executive VP - Administration | 71,654 | $3.52M | -$392.4K | 21 | 2026-05-22 |
| 9 | D. Clay Bretches | Exec. VP, Operations | 63,839 | $3.14M | $0 | 25 | 2025-02-07 |
| 10 | Lamar McKay | Director | 57,827 | $2.84M | $0 | 41 | 2026-10-01 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
APA Proposed Insider Sales (Form 144)
Latest: 2026-05-20
? Form 144 Guide
Last 30d:
0 filings
· Last 90d:
0 filings
What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.
How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.
10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.
"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.
Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-05-20 | Mark Maddox | Officer | 9,800 | $392.4K | 2026-05-20 | UBS Financial Services Inc | — | EDGAR |
| 2026-03-18 | Bob Matthew Regis | Director | 23,000 | $833.4K | 2026-03-18 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2024-10-28 | LANNIE P ANTHONY | Former Officer | 89,501 | $2.15M | 2024-10-28 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2024-08-15 | Rabun Daniel Wayne | Director | 75,998 | $2.25M | 2024-08-15 | Merrill Lynch | — | EDGAR |
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
Recent SEC Filings
Latest: 2026-05-26
Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).
| Filing Date | Accession | Link |
|---|---|---|
| 2026-05-26 | 0001841666-26-000037 | EDGAR |
| 2026-05-06 | 0001841666-26-000027 | EDGAR |
| 2026-04-14 | 0001841666-26-000021 | EDGAR |
| 2026-02-25 | 0001841666-26-000012 | EDGAR |
| 2026-01-20 | 0001841666-26-000003 | EDGAR |
| 2025-11-10 | 0001841666-25-000035 | EDGAR |
| 2025-11-05 | 0001841666-25-000028 | EDGAR |
| 2025-10-08 | 0001841666-25-000023 | EDGAR |
| 2025-08-07 | 0001841666-25-000012 | EDGAR |
| 2025-06-20 | 0001841666-25-000007 | EDGAR |
Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.
Quarterly report — unaudited financials and MD&A. Filed 40–45 days after each of the first three fiscal quarters.
| Filing Date | Accession | Link |
|---|---|---|
| 2026-05-07 | 0001841666-26-000034 | EDGAR |
| 2025-11-06 | 0001841666-25-000031 | EDGAR |
| 2025-08-07 | 0001841666-25-000014 | EDGAR |
| 2025-05-08 | 0002040266-25-000012 | EDGAR |
| 2024-11-07 | 0002040266-24-000003 | EDGAR |
| 2024-08-02 | 0001784031-24-000013 | EDGAR |
| 2024-05-02 | 0001784031-24-000008 | EDGAR |
| 2023-11-02 | 0001784031-23-000025 | EDGAR |
| 2023-08-03 | 0001784031-23-000019 | EDGAR |
| 2023-05-04 | 0001784031-23-000013 | EDGAR |
ETF Holders
303 ETFs hold APA
25 shown · $4.46B total exposure · 0.07% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.02% | $461.9M | — | 2026-09-30 |
| 2 | VOO Vanguard S&P 500 ETF | Vanguard | 0.02% | $382.2M | — | 2026-09-30 |
| 3 | XLE State Street® Energy Select Sector SPDR® ETF | SPDR (State Street) | 0.81% | $356.5M | $44.2B | 2026-10-14 |
| 4 | VB Vanguard Morningstar Small-Cap ETF | Vanguard | 0.18% | $327.6M | — | 2026-09-30 |
| 5 | DVY iShares Select Dividend ETF | iShares (BlackRock) | 1.37% | $313.2M | $23.0B | 2026-10-14 |
| 6 | SCHD Schwab U.S. Dividend Equity ETF | Nport | 0.33% | $308.6M | — | 2026-05-31 |
| 7 | DFAT Dimensional US Targeted Value ETF | Dimensional | 0.82% | $246.9M | — | 2026-10-14 |
| 8 | IVV iShares Core S&P 500 ETF | iShares (BlackRock) | 0.02% | $220.9M | $890.0B | 2026-10-14 |
| 9 | VBR Vanguard Morningstar Small-Cap Value ETF | Vanguard | 0.33% | $213.2M | — | 2026-09-30 |
| 10 | RSP Invesco S&P 500 Equal Weight ETF | Invesco | 0.21% | $208.9M | — | 2026-10-14 |
| 11 | SPY State Street® SPDR® S&P 500® ETF Trust | SPDR (State Street) | 0.03% | $205.0M | $812.7B | 2026-10-14 |
| 12 | DFSV Dimensional US Small Cap Value ETF | Dimensional | 0.57% | $152.3M | — | 2026-10-14 |
| 13 | VXUS Vanguard Total International Stock ETF | Vanguard | 0.02% | $135.2M | — | 2026-09-30 |
| 14 | XOP State Street® SPDR® S&P® Oil & Gas Exploration & Production ETF | SPDR (State Street) | 2.75% | $122.2M | $4.4B | 2026-10-14 |
| 15 | IDV iShares International Select Dividend ETF | iShares (BlackRock) | 1.43% | $116.8M | $8.3B | 2026-10-14 |
| 16 | VEA Vanguard FTSE Developed Markets ETF | Vanguard | 0.03% | $89.2M | — | 2026-09-30 |
| 17 | AVLV Avantis U.S. Large Cap Value ETF | Avantis | 0.36% | $79.2M | $22.0B | 2026-10-14 |
| 18 | IEFA iShares Core MSCI EAFE ETF | iShares (BlackRock) | 0.04% | $77.0M | $190.1B | 2026-10-14 |
| 19 | VDE Vanguard Energy ETF | Vanguard | 0.60% | $76.7M | — | 2026-09-30 |
| 20 | CALF Pacer US Small Cap Cash Cows 100 ETF | Nport | 2.17% | $74.6M | — | 2026-04-30 |
| 21 | IWR iShares Russell Mid-Cap ETF | iShares (BlackRock) | 0.12% | $69.8M | $56.8B | 2026-10-14 |
| 22 | DFAC Dimensional US Core Equity 2 ETF | Dimensional | 0.08% | $68.0M | — | 2026-10-14 |
| 23 | VYM Vanguard High Dividend Yield ETF | Vanguard | 0.06% | $59.5M | — | 2026-09-30 |
| 24 | DFAS Dimensional US Small Cap ETF | Dimensional | 0.15% | $49.3M | — | 2026-10-14 |
| 25 | SPYM State Street® SPDR® Portfolio S&P 500® ETF | SPDR (State Street) | 0.02% | $45.6M | $183.2B | 2026-10-14 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
11.46
TTM Diluted EPS
$4.29
TTM Revenue
$8.61B
TTM Net Income
$1.53B
TTM Op. Cash Flow
$4.00B
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q1 '26 | 2026-03-31 | $2.33B | $446.00M | $1.26 | $554.00M |
| Q4 '25 | 2025-12-31 | $1.99B | $279.00M | $0.79 | $808.00M |
| Q3 '25 | 2025-09-30 | $2.12B | $205.00M | $0.57 | $1.46B |
| Q2 '25 | 2025-06-30 | $2.18B | $603.00M | $1.67 | $1.18B |
| Q1 '25 | 2025-03-31 | $2.64B | $347.00M | $0.96 | $1.10B |
| Q4 '24 | 2024-12-31 | $2.71B | $354.00M | $0.98 | $1.04B |
| Q3 '24 | 2024-09-30 | $2.53B | $-223.00M | $-0.60 | $1.34B |
| Q2 '24 | 2024-06-30 | $2.54B | $541.00M | $1.46 | $877.00M |
| Q1 '24 | 2024-03-31 | $1.95B | $132.00M | $0.44 | $368.00M |
| Q4 '23 | 2023-12-31 | $2.17B | $1.77B | $5.75 | $1.03B |
| Q3 '23 | 2023-09-30 | $2.31B | $459.00M | $1.49 | $764.00M |
| Q2 '23 | 2023-06-30 | $1.80B | $381.00M | $1.23 | $1.00B |
Q1 2026 • period ending 2026-03-31 • filed 2026-05-07
Valuation
Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.
Price Multiples
- P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
- P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
- P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
- EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
- EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
- ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
- ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
- Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
- FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
- Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
- Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
- Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
- Multiples expanding while earnings are flat = sentiment-driven rally.
- Multiples compressing while earnings grow = value coming from fundamentals.
P/E
11.46
P/B
2.38
P/S
2.04
EV/EBITDA
4.15
EV/Sales
2.51
ROE
20.7%
ROA
8.5%
Div Yield
2.15%
FCF Yield
22.75%
Debt/Equity
0.58
Current Ratio
—
Market Cap
$17.60B
as of 2026-10-16
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
25.52M
SI % of Float
7.34%
Days to Cover
3.75
Short Vol Ratio
54.1%
Free Float
347.79M
Float %
99.3%
Short interest 2026-09-30 • Short volume 2026-10-16 • Float 2026-08-14