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APA (APA) Surpasses Market Returns: Some Facts Worth Knowing
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In the latest trading session, APA (APA - Free Report) closed at $43.02, marking a +2.33% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.44%. Elsewhere, the Dow saw an upswing of 0.36%, while the tech-heavy Nasdaq appreciated by 0.54%.
Heading into today, shares of the oil and natural gas producer had gained 28.64% over the past month, outpacing the Oils-Energy sector's gain of 7.22% and the S&P 500's loss of 3.31%.
Analysts and investors alike will be keeping a close eye on the performance of APA in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.78, marking a 26.42% fall compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $2.11 billion, indicating a 19.25% decrease compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $3.52 per share and a revenue of $8.31 billion, demonstrating changes of -6.63% and -9.91%, respectively, from the preceding year.
Any recent changes to analyst estimates for APA should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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.
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. The Zacks Consensus EPS estimate has moved 89.19% higher within the past month. APA is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, APA is presently being traded at a Forward P/E ratio of 11.93. For comparison, its industry has an average Forward P/E of 12.62, which means APA is trading at a discount to the group.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 42, positioning it in the top 18% of all 250+ industries.
The Zacks Industry Rank is ordered 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.
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APA (APA) Surpasses Market Returns: Some Facts Worth Knowing
In the latest trading session, APA (APA - Free Report) closed at $43.02, marking a +2.33% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.44%. Elsewhere, the Dow saw an upswing of 0.36%, while the tech-heavy Nasdaq appreciated by 0.54%.
Heading into today, shares of the oil and natural gas producer had gained 28.64% over the past month, outpacing the Oils-Energy sector's gain of 7.22% and the S&P 500's loss of 3.31%.
Analysts and investors alike will be keeping a close eye on the performance of APA in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.78, marking a 26.42% fall compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $2.11 billion, indicating a 19.25% decrease compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $3.52 per share and a revenue of $8.31 billion, demonstrating changes of -6.63% and -9.91%, respectively, from the preceding year.
Any recent changes to analyst estimates for APA should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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.
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. The Zacks Consensus EPS estimate has moved 89.19% higher within the past month. APA is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, APA is presently being traded at a Forward P/E ratio of 11.93. For comparison, its industry has an average Forward P/E of 12.62, which means APA is trading at a discount to the group.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 42, positioning it in the top 18% of all 250+ industries.
The Zacks Industry Rank is ordered 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.