We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
APA (APA) Stock Sinks As Market Gains: What You Should Know
Read MoreHide Full Article
APA (APA - Free Report) closed at $33.65 in the latest trading session, marking a -0.18% move from the prior day. This move lagged the S&P 500's daily gain of 0.08%. Elsewhere, the Dow lost 0.68%, while the tech-heavy Nasdaq lost 0.61%.
Prior to today's trading, shares of the oil and natural gas producer had gained 6.58% over the past month. This has outpaced the Oils-Energy sector's gain of 2.92% and the S&P 500's gain of 6.1% 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 $0.91, down 61.6% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.92 billion, down 36.94% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.71 per share and revenue of $8.37 billion, which would represent changes of -38.67% and -23.68%, respectively, from the prior year.
Any recent changes to analyst estimates for APA should also be noted by investors. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 12.32% lower. APA is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, APA is holding a Forward P/E ratio of 7.16. This valuation marks a premium compared to its industry's average Forward P/E of 7.13.
It is also worth noting that APA currently has a PEG ratio of 6.01. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Oil and Gas - Exploration and Production - United States stocks are, on average, holding a PEG ratio of 0.36 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 218, which puts it in the bottom 14% 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.
To follow APA in the coming trading sessions, be sure to utilize Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
APA (APA) Stock Sinks As Market Gains: What You Should Know
APA (APA - Free Report) closed at $33.65 in the latest trading session, marking a -0.18% move from the prior day. This move lagged the S&P 500's daily gain of 0.08%. Elsewhere, the Dow lost 0.68%, while the tech-heavy Nasdaq lost 0.61%.
Prior to today's trading, shares of the oil and natural gas producer had gained 6.58% over the past month. This has outpaced the Oils-Energy sector's gain of 2.92% and the S&P 500's gain of 6.1% 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 $0.91, down 61.6% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.92 billion, down 36.94% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.71 per share and revenue of $8.37 billion, which would represent changes of -38.67% and -23.68%, respectively, from the prior year.
Any recent changes to analyst estimates for APA should also be noted by investors. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 12.32% lower. APA is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, APA is holding a Forward P/E ratio of 7.16. This valuation marks a premium compared to its industry's average Forward P/E of 7.13.
It is also worth noting that APA currently has a PEG ratio of 6.01. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Oil and Gas - Exploration and Production - United States stocks are, on average, holding a PEG ratio of 0.36 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 218, which puts it in the bottom 14% 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.
To follow APA in the coming trading sessions, be sure to utilize Zacks.com.