APA (APA) Gains As Market Dips: What You Should Know

In the latest market close, APA (APA) reached $22.09, with a +1.14% movement compared to the previous day. The stock outpaced the S&P 500's daily loss of 1.11%. On the other hand, the Dow registered a loss of 0.77%, and the technology-centric Nasdaq decreased by 1.49%.Prior to today's trading, shares of the oil and natural gas producer had lost 3.02% over the past month. This has was narrower than the Oils-Energy sector's loss of 8.07% and lagged the S&P 500's gain of 0.4% in that time.Market participants will be closely following the financial results of APA in its upcoming release. The company is expected to report EPS of $0.99, down 13.91% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $2.28 billion, reflecting a 20.64% rise from the equivalent quarter last year.APA's full-year Zacks Consensus Estimates are calling for earnings of $4.02 per share and revenue of $9.06 billion. These results would represent year-over-year changes of -11.26% and +10.88%, respectively.Investors should also take note of any recent adjustments to analyst estimates for APA. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.7% higher. APA currently has a Zacks Rank of #3 (Hold).Valuation is also important, so investors should note that APA has a Forward P/E ratio of 5.44 right now. Its industry sports an average Forward P/E of 10.02, 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. Currently, this industry holds a Zacks Industry Rank of 141, positioning it in the bottom 44% 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.Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.Zacks Naming Top 10 Stocks for 2025Want to be tipped off early to our 10 top picks for the entirety of 2025?History suggests their performance could be sensational.From 2012 (when our Director of Research Sheraz Mian assumed responsibility for the portfolio) through November, 2024, the Zacks Top 10 Stocks gained +2,112.6%, more than QUADRUPLING the S&P 500’s +475.6%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2025. Don’t miss your chance to get in on these stocks when they’re released on January 2.Be First to New Top 10 Stocks >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report APA Corporation (APA): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks