APA (APA) Stock Dips While Market Gains: Key Facts

Company Performance - APA's stock closed at $22.19, down 0.89% from the previous trading session, underperforming the S&P 500's gain of 0.39% [1] - The stock has decreased by 5.37% over the past month, contrasting with the Oils-Energy sector's gain of 1.79% and the S&P 500's gain of 1.7% [1] Earnings Forecast - APA is expected to report earnings on February 26, 2025, with a forecasted EPS of$ 0.97, reflecting a 15.65% decline from the same quarter last year [2] - The Zacks Consensus Estimate projects net sales of $2.27 billion, which is a 20.24% increase compared to the year-ago period [2] Analyst Estimates - Recent changes to analyst estimates for APA indicate a shifting business landscape, with positive revisions suggesting optimism about the company's profitability [3] - The Zacks Rank system, which evaluates these estimate changes, has a history of correlating with stock price performance [4] Zacks Rank and Valuation - APA currently holds a Zacks Rank of 3 (Hold), with the consensus EPS estimate having increased by 10.31% over the past month [5] - The company is trading at a Forward P/E ratio of 6.17, which is lower than the industry average Forward P/E of 9.08 [6] Industry Context - The Oil and Gas - Exploration and Production - United States industry, part of the Oils-Energy sector, has a Zacks Industry Rank of 45, placing it in the top 18% of over 250 industries [6][7]