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) Flat As Market Sinks: What You Should Know
Read MoreHide Full Article
APA (APA - Free Report) closed the latest trading day at $23.66, indicating no change from the previous session's end. This change was narrower than the S&P 500's 1.11% loss on the day. Elsewhere, the Dow saw a downswing of 0.42%, while the tech-heavy Nasdaq depreciated by 1.89%.
Heading into today, shares of the oil and natural gas producer had gained 6.34% over the past month, outpacing the Oils-Energy sector's loss of 11.62% and the S&P 500's loss of 1.7% in that time.
The upcoming earnings release of APA will be of great interest to investors. The company is expected to report EPS of $0.99, down 13.91% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $2.28 billion, indicating a 20.64% upward movement from the same quarter last year.
Investors should also note any recent changes to analyst estimates for APA. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 3.85% lower within the past month. APA is holding a Zacks Rank of #5 (Strong Sell) right now.
Looking at valuation, APA is presently trading at a Forward P/E ratio of 7.2. This represents a discount compared to its industry's average Forward P/E of 9.89.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 150, placing it within the bottom 41% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
APA (APA) Flat As Market Sinks: What You Should Know
APA (APA - Free Report) closed the latest trading day at $23.66, indicating no change from the previous session's end. This change was narrower than the S&P 500's 1.11% loss on the day. Elsewhere, the Dow saw a downswing of 0.42%, while the tech-heavy Nasdaq depreciated by 1.89%.
Heading into today, shares of the oil and natural gas producer had gained 6.34% over the past month, outpacing the Oils-Energy sector's loss of 11.62% and the S&P 500's loss of 1.7% in that time.
The upcoming earnings release of APA will be of great interest to investors. The company is expected to report EPS of $0.99, down 13.91% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $2.28 billion, indicating a 20.64% upward movement from the same quarter last year.
Investors should also note any recent changes to analyst estimates for APA. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 3.85% lower within the past month. APA is holding a Zacks Rank of #5 (Strong Sell) right now.
Looking at valuation, APA is presently trading at a Forward P/E ratio of 7.2. This represents a discount compared to its industry's average Forward P/E of 9.89.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 150, placing it within the bottom 41% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the 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.