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APA (APA) Gains But Lags Market: What You Should Know
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In the latest trading session, APA (APA - Free Report) closed at $36.45, marking a +0.66% move from the previous day. This move lagged the S&P 500's daily gain of 3.06%. Elsewhere, the Dow gained 2.68%, while the tech-heavy Nasdaq lost 0.04%.
Coming into today, shares of the oil and natural gas producer had lost 21.01% in the past month. In that same time, the Oils-Energy sector lost 12.66%, while the S&P 500 lost 4.31%.
APA will be looking to display strength as it nears its next earnings release. In that report, analysts expect APA to post earnings of $2.74 per share. This would mark year-over-year growth of 291.43%. Our most recent consensus estimate is calling for quarterly revenue of $2.65 billion, up 48.56% from the year-ago period.
APA's full-year Zacks Consensus Estimates are calling for earnings of $10.94 per share and revenue of $10.93 billion. These results would represent year-over-year changes of +180.51% and +39.73%, respectively.
Investors might also notice recent changes to analyst estimates for APA. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 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. Over the past month, the Zacks Consensus EPS estimate has moved 2.46% higher. APA currently has a Zacks Rank of #3 (Hold).
Digging into valuation, APA currently has a Forward P/E ratio of 3.31. For comparison, its industry has an average Forward P/E of 4.23, which means APA is trading at a discount to the group.
Also, we should mention that APA has a PEG ratio of 0.14. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Oil and Gas - Exploration and Production - United States was holding an average PEG ratio of 0.21 at yesterday's closing price.
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 48, putting it in the top 19% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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APA (APA) Gains But Lags Market: What You Should Know
In the latest trading session, APA (APA - Free Report) closed at $36.45, marking a +0.66% move from the previous day. This move lagged the S&P 500's daily gain of 3.06%. Elsewhere, the Dow gained 2.68%, while the tech-heavy Nasdaq lost 0.04%.
Coming into today, shares of the oil and natural gas producer had lost 21.01% in the past month. In that same time, the Oils-Energy sector lost 12.66%, while the S&P 500 lost 4.31%.
APA will be looking to display strength as it nears its next earnings release. In that report, analysts expect APA to post earnings of $2.74 per share. This would mark year-over-year growth of 291.43%. Our most recent consensus estimate is calling for quarterly revenue of $2.65 billion, up 48.56% from the year-ago period.
APA's full-year Zacks Consensus Estimates are calling for earnings of $10.94 per share and revenue of $10.93 billion. These results would represent year-over-year changes of +180.51% and +39.73%, respectively.
Investors might also notice recent changes to analyst estimates for APA. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 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. Over the past month, the Zacks Consensus EPS estimate has moved 2.46% higher. APA currently has a Zacks Rank of #3 (Hold).
Digging into valuation, APA currently has a Forward P/E ratio of 3.31. For comparison, its industry has an average Forward P/E of 4.23, which means APA is trading at a discount to the group.
Also, we should mention that APA has a PEG ratio of 0.14. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Oil and Gas - Exploration and Production - United States was holding an average PEG ratio of 0.21 at yesterday's closing price.
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 48, putting it in the top 19% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.