We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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 Moves -0.39%: What You Should Know
Read MoreHide Full Article
APA (APA - Free Report) closed at $17.85 in the latest trading session, marking a -0.39% move from the prior day. The stock exceeded the S&P 500, which registered a loss of 0.53% for the day. Elsewhere, the Dow lost 0.26%, while the tech-heavy Nasdaq lost 0.83%.
The oil and natural gas producer's stock has climbed by 15.76% in the past month, exceeding the Oils-Energy sector's gain of 2.48% and the S&P 500's gain of 5.17%.
Market participants will be closely following the financial results of APA in its upcoming release. The company is predicted to post an EPS of $0.58, indicating a 50.43% decline compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $1.88 billion, showing a 32.49% drop compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $3.01 per share and a revenue of $8.11 billion, demonstrating changes of -20.16% and -16.74%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for APA. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 3.22% increase. APA presently features a Zacks Rank of #3 (Hold).
In terms of valuation, APA is presently being traded at a Forward P/E ratio of 5.95. This expresses a discount compared to the average Forward P/E of 10.3 of its industry.
It's also important to note that APA currently trades at a PEG ratio of 5.67. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Oil and Gas - Exploration and Production - United States industry currently had an average PEG ratio of 2.34 as of yesterday's close.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 184, this industry ranks in the bottom 26% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. 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 Moves -0.39%: What You Should Know
APA (APA - Free Report) closed at $17.85 in the latest trading session, marking a -0.39% move from the prior day. The stock exceeded the S&P 500, which registered a loss of 0.53% for the day. Elsewhere, the Dow lost 0.26%, while the tech-heavy Nasdaq lost 0.83%.
The oil and natural gas producer's stock has climbed by 15.76% in the past month, exceeding the Oils-Energy sector's gain of 2.48% and the S&P 500's gain of 5.17%.
Market participants will be closely following the financial results of APA in its upcoming release. The company is predicted to post an EPS of $0.58, indicating a 50.43% decline compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $1.88 billion, showing a 32.49% drop compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $3.01 per share and a revenue of $8.11 billion, demonstrating changes of -20.16% and -16.74%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for APA. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 3.22% increase. APA presently features a Zacks Rank of #3 (Hold).
In terms of valuation, APA is presently being traded at a Forward P/E ratio of 5.95. This expresses a discount compared to the average Forward P/E of 10.3 of its industry.
It's also important to note that APA currently trades at a PEG ratio of 5.67. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Oil and Gas - Exploration and Production - United States industry currently had an average PEG ratio of 2.34 as of yesterday's close.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 184, this industry ranks in the bottom 26% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. 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.