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In the latest trading session, APA (APA) closed at $16.24, marking a -1.87% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.58%. Meanwhile, the Dow experienced a rise of 0.75%, and the technology-dominated Nasdaq saw an increase of 0.55%.
Coming into today, shares of the oil and natural gas producer had lost 21.27% in the past month. In that same time, the Oils-Energy sector lost 8.92%, while the S&P 500 lost 0.84%.
The investment community will be paying close attention to the earnings performance of APA in its upcoming release. The company is slated to reveal its earnings on May 7, 2025. The company is expected to report EPS of $0.81, up 3.85% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.18 billion, up 14.56% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.07 per share and revenue of $8.44 billion. These totals would mark changes of -18.57% and -13.32%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for APA. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 14.45% lower. APA currently has a Zacks Rank of #3 (Hold).
Looking at valuation, APA is presently trading at a Forward P/E ratio of 5.39. Its industry sports an average Forward P/E of 7.76, so one might conclude that APA is trading at a discount comparatively.
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 192, putting it in the bottom 23% of all 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.