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 Dips While Market Gains: Key Facts
Read MoreHide Full Article
APA (APA - Free Report) ended the recent trading session at $24.47, demonstrating a -3.51% change from the preceding day's closing price. This change lagged the S&P 500's daily gain of 0.64%. At the same time, the Dow added 1.23%, and the tech-heavy Nasdaq gained 0.69%.
The oil and natural gas producer's stock has dropped by 6.42% in the past month, falling short of the Oils-Energy sector's gain of 1.8% and the S&P 500's gain of 0.55%.
The investment community will be closely monitoring the performance of APA in its forthcoming earnings report. The company is predicted to post an EPS of $0.64, indicating a 18.99% decline compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $2 billion, reflecting a 20.1% fall from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.53 per share and a revenue of $8.89 billion, signifying shifts of -6.37% and 0%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for APA. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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 last 30 days, the Zacks Consensus EPS estimate has moved 5.22% lower. Right now, APA possesses a Zacks Rank of #3 (Hold).
Looking at valuation, APA is presently trading at a Forward P/E ratio of 10.74. This represents a premium compared to its industry average Forward P/E of 10.57.
We can also see that APA currently has a PEG ratio of 10.23. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Oil and Gas - Exploration and Production - United States industry had an average PEG ratio of 3.
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 181, putting it in the bottom 27% of all 250+ industries.
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 Dips While Market Gains: Key Facts
APA (APA - Free Report) ended the recent trading session at $24.47, demonstrating a -3.51% change from the preceding day's closing price. This change lagged the S&P 500's daily gain of 0.64%. At the same time, the Dow added 1.23%, and the tech-heavy Nasdaq gained 0.69%.
The oil and natural gas producer's stock has dropped by 6.42% in the past month, falling short of the Oils-Energy sector's gain of 1.8% and the S&P 500's gain of 0.55%.
The investment community will be closely monitoring the performance of APA in its forthcoming earnings report. The company is predicted to post an EPS of $0.64, indicating a 18.99% decline compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $2 billion, reflecting a 20.1% fall from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.53 per share and a revenue of $8.89 billion, signifying shifts of -6.37% and 0%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for APA. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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 last 30 days, the Zacks Consensus EPS estimate has moved 5.22% lower. Right now, APA possesses a Zacks Rank of #3 (Hold).
Looking at valuation, APA is presently trading at a Forward P/E ratio of 10.74. This represents a premium compared to its industry average Forward P/E of 10.57.
We can also see that APA currently has a PEG ratio of 10.23. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Oil and Gas - Exploration and Production - United States industry had an average PEG ratio of 3.
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 181, putting it in the bottom 27% of all 250+ industries.
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.