APA Outperforms Market Despite Negative Trends: Key Factors and Zacks Rank Analysis

In the latest trading session, APA (APA) closed at $20.78, marking a +1.37% increase from the previous day. This performance outpaced the S&P 500's 0.84% loss on the day, while the Dow lost 0.7% and the tech-heavy Nasdaq declined 0.91%. The oil and natural gas producer's stock has climbed by 16.54% in the past month, outperforming the Oils-Energy sector's 0% loss and the S&P 500's 1.44% gain. Market participants will be closely monitoring APA's upcoming financial results, which are forecasted to show an EPS of $0.58, a 50.43% decrease from the corresponding quarter of the prior year. The consensus estimate for quarterly revenue is $1.88 billion, a 32.49% decrease from the year-ago period. For the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.01 per share and a revenue of $8.11 billion, indicating changes of -20.16% and -16.74%, respectively, from the previous year. APA currently boasts a Zacks Rank of #3 (Hold), with the Zacks Consensus EPS estimate having moved 6.66% higher in the past month. In terms of valuation, APA is currently trading with a Forward P/E ratio of 6.81, which represents a discount compared to the average Forward P/E of 11.33 for its industry. Additionally, APA has a PEG ratio of 6.48, which is similar to the commonly used P/E ratio but also incorporates the company's anticipated earnings growth rate. The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector and currently carries a Zacks Industry Rank of 169, placing it within the bottom 32% of over 250 industries. To follow APA in the coming trading sessions, be sure to utilize Zacks.com for the latest recommendations and analysis.