APA (APA) Advances While Market Declines: Some Information for Investors

Company Overview - APA's stock closed at $19.61, reflecting a +1.71% change from the previous day, outperforming the S&P 500's loss of 0.27% [1] - Over the past month, APA shares increased by 4.44%, which is slightly below the Oils-Energy sector's gain of 4.61% and the S&P 500's gain of 6.9% [1] Financial Performance Forecast - APA is expected to report an EPS of $0.58, indicating a 50.43% decrease from the same quarter last year [2] - The projected revenue for the upcoming release is $1.88 billion, down 32.49% year-over-year [2] Full Year Estimates - For the full year, earnings are projected at $3.01 per share and revenue at $8.11 billion, representing declines of -20.16% and -16.74% respectively from the previous year [3] - Changes in analyst estimates for APA are crucial as they reflect the evolving business trends [3] Analyst Ratings and Valuation - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently rates APA at 3 (Hold) [5] - APA's Forward P/E ratio is 6.4, which is lower than the industry average of 10.86 [6] - The company has a PEG ratio of 6.1, compared to the industry average of 2.48 [7] Industry Context - The Oil and Gas - Exploration and Production - United States industry is ranked 171 out of over 250 industries, placing it in the bottom 31% [8] - Historically, industries in the top 50% outperform those in the bottom half by a factor of 2 to 1 [8]