APA (APA) Ascends But Remains Behind Market: Some Facts to Note

Group 1: Stock Performance - APA's stock closed at $20.84, reflecting a +1.12% change from the previous trading day's closing, which is less than the S&P 500's daily gain of 1.77% [1] - Over the past month, APA shares have depreciated by 9.57%, underperforming the Oils-Energy sector's gain of 0.43% and the S&P 500's loss of 5.73% [1] Group 2: Financial Forecast - APA is forecasted to report an EPS of $0.81, showcasing a 3.85% increase from the corresponding quarter of the prior year, with a revenue estimate of $2.2 billion, up 15.47% from the prior-year quarter [2] - For the full year, the Zacks Consensus Estimates project earnings of $3.69 per share and revenue of $8.65 billion, reflecting changes of -2.12% and -11.12% from the preceding year [3] Group 3: Analyst Estimates and Rankings - Recent changes to analyst estimates for APA indicate positive sentiment towards the company's business operations and profit generation capabilities [4] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks APA at 3 (Hold), with an average annual return of +25% for stocks rated 1 since 1988 [6] Group 4: Valuation Metrics - APA has a Forward P/E ratio of 5.59, which is a discount compared to the average Forward P/E of 8.31 for its industry [7] - The Oil and Gas - Exploration and Production - United States industry, part of the Oils-Energy sector, carries a Zacks Industry Rank of 71, placing it within the top 29% of over 250 industries [7]