Why Is APA (APA) Up 10.3% Since Last Earnings Report?

Company Overview - APA has seen a share price increase of approximately 10.3% over the past month, outperforming the S&P 500 [1] - The most recent earnings report is crucial for understanding the key drivers behind this performance [1] Earnings Estimates - Estimates for APA have trended downward in the past month, with a consensus estimate shift of -19.4% [2] - The overall outlook indicates a downward shift in estimates, leading to a Zacks Rank of 3 (Hold) for APA [4] VGM Scores - APA has a strong Growth Score of A, but a low Momentum Score of F, while maintaining a Value Score of A, placing it in the top quintile for this investment strategy [3] - The aggregate VGM Score for APA is A, which is significant for investors not focused on a single strategy [3] Industry Performance - APA is part of the Zacks Oil and Gas - Exploration and Production - United States industry, where another player, Northern Oil and Gas (NOG), has gained 5.7% over the past month [5] - Northern Oil and Gas reported revenues of $576.95 million for the last quarter, reflecting a year-over-year increase of +8.4% [6] - The expected earnings for Northern Oil and Gas for the current quarter is $0.98 per share, indicating a year-over-year change of -32.9% [6] - Northern Oil and Gas also holds a Zacks Rank of 3 (Hold) and has a VGM Score of A [7]