APA (APA) stock price increased 1.36%, underperformed sector, anticipates upcoming earnings report.

From Nasdaq: 2024-10-04 18:15:21

In the latest market close, APA (APA) reached $26.89, with a +1.36% movement compared to the previous day. The stock outpaced the S&P 500’s daily gain of 0.9%. Shares of the oil and natural gas producer have appreciated by 2.16% over the past month, underperforming the Oils-Energy sector’s gain.

Investors are anticipating APA’s upcoming earnings report, with a forecasted EPS of $1. Analyst estimates project a revenue of $2.3 billion, reflecting a 0.37% fall from the equivalent quarter last year. Analyst projections and estimate revisions can impact short-term share price momentum and business trends.

The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), provides an operational rating system based on analyst estimates. Currently holding a Zacks Rank of #3 (Hold), APA has a Forward P/E ratio of 6.68, representing a discount compared to its industry average. The Oil and Gas – Exploration and Production – United States industry ranks in the bottom 6% of all industries.

Research indicates sectors with top Zacks Industry Rank outperform bottom half by 2 to 1 ratio. Stay informed on stock-moving metrics and industry trends at Zacks.com. Zacks’ Research Chief has named a stock most likely to double, part of their top 5 stocks set to gain +100% or more in the coming months. This top pick is among the most innovative financial firms with significant growth potential.



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