APA (APA - Free Report) closed at $34.85 in the latest trading session, marking a +0.99% move from the prior day. This move outpaced the S&P 500's daily loss of 0.08%. Meanwhile, the Dow lost 0.15%, and the Nasdaq, a tech-heavy index, added 0.03%.
Coming into today, shares of the oil and natural gas producer had lost 31.04% in the past month. In that same time, the Oils-Energy sector lost 19.96%, while the S&P 500 lost 6.03%.
Wall Street will be looking for positivity from APA as it approaches its next earnings report date. The company is expected to report EPS of $2.74, up 291.43% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $2.65 billion, up 48.56% from the prior-year quarter.
APA's full-year Zacks Consensus Estimates are calling for earnings of $10.94 per share and revenue of $10.93 billion. These results would represent year-over-year changes of +180.51% and +39.73%, respectively.
Investors might also notice recent changes to analyst estimates for APA. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. APA is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, APA is holding a Forward P/E ratio of 3.15. Its industry sports an average Forward P/E of 4.24, so we one might conclude that APA is trading at a discount comparatively.
We can also see that APA currently has a PEG ratio of 0.13. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. APA's industry had an average PEG ratio of 0.21 as of yesterday's close.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 10, which puts it in the top 4% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
Just Released: Zacks Top 10 Stocks for 2024
Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.
See New Top 10 Stocks >>
APA (APA - Free Report) closed at $34.85 in the latest trading session, marking a +0.99% move from the prior day. This move outpaced the S&P 500's daily loss of 0.08%. Meanwhile, the Dow lost 0.15%, and the Nasdaq, a tech-heavy index, added 0.03%.
Coming into today, shares of the oil and natural gas producer had lost 31.04% in the past month. In that same time, the Oils-Energy sector lost 19.96%, while the S&P 500 lost 6.03%.
Wall Street will be looking for positivity from APA as it approaches its next earnings report date. The company is expected to report EPS of $2.74, up 291.43% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $2.65 billion, up 48.56% from the prior-year quarter.
APA's full-year Zacks Consensus Estimates are calling for earnings of $10.94 per share and revenue of $10.93 billion. These results would represent year-over-year changes of +180.51% and +39.73%, respectively.
Investors might also notice recent changes to analyst estimates for APA. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. APA is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, APA is holding a Forward P/E ratio of 3.15. Its industry sports an average Forward P/E of 4.24, so we one might conclude that APA is trading at a discount comparatively.
We can also see that APA currently has a PEG ratio of 0.13. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. APA's industry had an average PEG ratio of 0.21 as of yesterday's close.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 10, which puts it in the top 4% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
Just Released: Zacks Top 10 Stocks for 2024
Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.
See New Top 10 Stocks >>
Get the latest research report on APA - FREE