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APA (APA) Dips More Than Broader Markets: What You Should Know
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APA (APA - Free Report) closed at $37.99 in the latest trading session, marking a -0.29% move from the prior day. This change lagged the S&P 500's daily loss of 0.25%. At the same time, the Dow added 0.24%, and the tech-heavy Nasdaq lost 1.88%.
Heading into today, shares of the oil and natural gas producer had lost 2.63% over the past month, outpacing the Oils-Energy sector's loss of 3.35% and lagging the S&P 500's gain of 1.48% 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 $0.99, down 48.44% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.94 billion, down 27.47% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $5.73 per share and revenue of $8.63 billion, which would represent changes of -25.39% and -21.32%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for APA. These revisions help to show the ever-changing nature of near-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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Over the past month, the Zacks Consensus EPS estimate has moved 13.97% lower. APA currently has a Zacks Rank of #5 (Strong Sell).
Investors should also note APA's current valuation metrics, including its Forward P/E ratio of 6.64. This valuation marks a discount compared to its industry's average Forward P/E of 6.66.
Investors should also note that APA has a PEG ratio of 0.27 right now. 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 0.35 based on yesterday's closing prices.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 238, putting it in the bottom 6% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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APA (APA) Dips More Than Broader Markets: What You Should Know
APA (APA - Free Report) closed at $37.99 in the latest trading session, marking a -0.29% move from the prior day. This change lagged the S&P 500's daily loss of 0.25%. At the same time, the Dow added 0.24%, and the tech-heavy Nasdaq lost 1.88%.
Heading into today, shares of the oil and natural gas producer had lost 2.63% over the past month, outpacing the Oils-Energy sector's loss of 3.35% and lagging the S&P 500's gain of 1.48% 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 $0.99, down 48.44% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.94 billion, down 27.47% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $5.73 per share and revenue of $8.63 billion, which would represent changes of -25.39% and -21.32%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for APA. These revisions help to show the ever-changing nature of near-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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Over the past month, the Zacks Consensus EPS estimate has moved 13.97% lower. APA currently has a Zacks Rank of #5 (Strong Sell).
Investors should also note APA's current valuation metrics, including its Forward P/E ratio of 6.64. This valuation marks a discount compared to its industry's average Forward P/E of 6.66.
Investors should also note that APA has a PEG ratio of 0.27 right now. 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 0.35 based on yesterday's closing prices.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 238, putting it in the bottom 6% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.