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APA (APA - Free Report) closed the latest trading day at $23.62, indicating a +0.13% change from the previous session's end. This change outpaced the S&P 500's 0.43% loss on the day. Elsewhere, the Dow saw a downswing of 1.01%, while the tech-heavy Nasdaq depreciated by 0.47%.
The the stock of oil and natural gas producer has risen by 0.98% in the past month, leading the Oils-Energy sector's loss of 3.14% and undershooting the S&P 500's gain of 2.6%.
Analysts and investors alike will be keeping a close eye on the performance of APA in its upcoming earnings disclosure. The company's earnings report is set to go public on February 26, 2025. The company is forecasted to report an EPS of $0.97, showcasing a 15.65% downward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $2.27 billion, indicating a 20.24% upward movement from the same quarter last year.
Investors should also pay attention to any latest changes in 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.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.68% higher within the past month. At present, APA boasts a Zacks Rank of #3 (Hold).
In terms of valuation, APA is presently being traded at a Forward P/E ratio of 6.5. This denotes a discount relative to the industry's average Forward P/E of 8.99.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 49, which puts it in the top 20% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Why the Market Dipped But APA (APA) Gained Today
APA (APA - Free Report) closed the latest trading day at $23.62, indicating a +0.13% change from the previous session's end. This change outpaced the S&P 500's 0.43% loss on the day. Elsewhere, the Dow saw a downswing of 1.01%, while the tech-heavy Nasdaq depreciated by 0.47%.
The the stock of oil and natural gas producer has risen by 0.98% in the past month, leading the Oils-Energy sector's loss of 3.14% and undershooting the S&P 500's gain of 2.6%.
Analysts and investors alike will be keeping a close eye on the performance of APA in its upcoming earnings disclosure. The company's earnings report is set to go public on February 26, 2025. The company is forecasted to report an EPS of $0.97, showcasing a 15.65% downward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $2.27 billion, indicating a 20.24% upward movement from the same quarter last year.
Investors should also pay attention to any latest changes in 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.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.68% higher within the past month. At present, APA boasts a Zacks Rank of #3 (Hold).
In terms of valuation, APA is presently being traded at a Forward P/E ratio of 6.5. This denotes a discount relative to the industry's average Forward P/E of 8.99.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 49, which puts it in the top 20% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.