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 - Free Report) closed at $34.47 in the latest trading session, marking a +2.56% move from the prior day. This move outpaced the S&P 500's daily loss of 0.61%. Meanwhile, the Dow experienced a drop of 0.26%, and the technology-dominated Nasdaq saw a decrease of 0.93%.
The oil and natural gas producer's shares have seen an increase of 24.85% over the last month, surpassing the Oils-Energy sector's gain of 7.86% and the S&P 500's loss of 2.25%.
The investment community will be paying close attention to the earnings performance of APA in its upcoming release. The company is predicted to post an EPS of $0.51, indicating a 51.89% decline compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $1.91 billion, reflecting a 26.99% fall from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.77 per share and revenue of $7.41 billion, indicating changes of -53.05% and -19.68%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for APA. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 15.18% 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 19.02. This signifies a premium in comparison to the average Forward P/E of 16.52 for its industry.
We can also see that APA currently has a PEG ratio of 18.11. 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. As of the close of trade yesterday, the Oil and Gas - Exploration and Production - United States industry held an average PEG ratio of 0.71.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 183, 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
APA (APA) Rises As Market Takes a Dip: Key Facts
APA (APA - Free Report) closed at $34.47 in the latest trading session, marking a +2.56% move from the prior day. This move outpaced the S&P 500's daily loss of 0.61%. Meanwhile, the Dow experienced a drop of 0.26%, and the technology-dominated Nasdaq saw a decrease of 0.93%.
The oil and natural gas producer's shares have seen an increase of 24.85% over the last month, surpassing the Oils-Energy sector's gain of 7.86% and the S&P 500's loss of 2.25%.
The investment community will be paying close attention to the earnings performance of APA in its upcoming release. The company is predicted to post an EPS of $0.51, indicating a 51.89% decline compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $1.91 billion, reflecting a 26.99% fall from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.77 per share and revenue of $7.41 billion, indicating changes of -53.05% and -19.68%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for APA. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 15.18% 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 19.02. This signifies a premium in comparison to the average Forward P/E of 16.52 for its industry.
We can also see that APA currently has a PEG ratio of 18.11. 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. As of the close of trade yesterday, the Oil and Gas - Exploration and Production - United States industry held an average PEG ratio of 0.71.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 183, 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.