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APA (APA) Stock Moves -3.45%: What You Should Know
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In the latest close session, APA (APA - Free Report) was down 3.45% at $42.30. On the other hand, the Dow registered a loss of 0.36%, and the technology-centric Nasdaq increased by 0.45%.
Shares of the oil and natural gas producer have appreciated by 1.98% over the course of the past month, outperforming the Oils-Energy sector's loss of 0.41%, and the S&P 500's gain of 1.27%.
The investment community will be closely monitoring the performance of APA in its forthcoming earnings report. The company is forecasted to report an EPS of $1.18, showcasing a 26.88% upward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $2.17 billion, showing a 7.48% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $5.7 per share and a revenue of $8.94 billion, signifying shifts of +51.19% and -3.02%, respectively, from the last year.
Any recent changes to analyst estimates for APA should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been a 2.97% rise in the Zacks Consensus EPS estimate. APA is currently a Zacks Rank #3 (Hold).
Digging into valuation, APA currently has a Forward P/E ratio of 7.69. This denotes a discount relative to the industry average Forward P/E of 9.18.
It's also important to note that APA currently trades at a PEG ratio of 0.77. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Oil and Gas - Exploration and Production - United States industry had an average PEG ratio of 0.77 as trading concluded yesterday.
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 95, putting it in the top 39% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
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APA (APA) Stock Moves -3.45%: What You Should Know
In the latest close session, APA (APA - Free Report) was down 3.45% at $42.30. On the other hand, the Dow registered a loss of 0.36%, and the technology-centric Nasdaq increased by 0.45%.
Shares of the oil and natural gas producer have appreciated by 1.98% over the course of the past month, outperforming the Oils-Energy sector's loss of 0.41%, and the S&P 500's gain of 1.27%.
The investment community will be closely monitoring the performance of APA in its forthcoming earnings report. The company is forecasted to report an EPS of $1.18, showcasing a 26.88% upward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $2.17 billion, showing a 7.48% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $5.7 per share and a revenue of $8.94 billion, signifying shifts of +51.19% and -3.02%, respectively, from the last year.
Any recent changes to analyst estimates for APA should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been a 2.97% rise in the Zacks Consensus EPS estimate. APA is currently a Zacks Rank #3 (Hold).
Digging into valuation, APA currently has a Forward P/E ratio of 7.69. This denotes a discount relative to the industry average Forward P/E of 9.18.
It's also important to note that APA currently trades at a PEG ratio of 0.77. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Oil and Gas - Exploration and Production - United States industry had an average PEG ratio of 0.77 as trading concluded yesterday.
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 95, putting it in the top 39% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.