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APA (APA) Stock Moves -0.93%: What You Should Know

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In the latest trading session, APA (APA - Free Report) closed at $41.76, marking a -0.93% move from the previous day. This change was narrower than the S&P 500's 1.17% loss on the day. Meanwhile, the Dow lost 1.02%, and the Nasdaq, a tech-heavy index, lost 2.45%.

Prior to today's trading, shares of the oil and natural gas producer had lost 3.46% over the past month. This has was narrower than the Oils-Energy sector's loss of 6.76% and the S&P 500's loss of 5.25% in that time.

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 $1.91, up 48.06% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $2.51 billion, up 9.38% from the prior-year quarter.

It is also important to note the recent changes to analyst estimates for APA. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 has moved 0.06% lower within the past month. APA is currently sporting a Zacks Rank of #3 (Hold).

Looking at its valuation, APA is holding a Forward P/E ratio of 4.77. Its industry sports an average Forward P/E of 4.54, so we one might conclude that APA is trading at a premium comparatively.

Meanwhile, APA's PEG ratio is currently 0.21. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Oil and Gas - Exploration and Production - United States stocks are, on average, holding a PEG ratio of 0.21 based on yesterday's closing prices.

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 159, which puts it in the bottom 37% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize to follow all of these stock-moving metrics, and more, in the coming trading sessions.

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