APA (APA) closed the most recent trading day at $49.76, moving +1.24% from the previous trading session. This change outpaced the S&P 500's 0.41% gain on the day. Elsewhere, the Dow lost 0.07%, while the tech-heavy Nasdaq added 1.11%.
Coming into today, shares of the oil and natural gas producer had gained 9.54% in the past month. In that same time, the Oils-Energy sector gained 4.85%, while the S&P 500 gained 1.46%.
Investors will be eagerly watching for the performance of APA in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on November 4, 2026. In that report, analysts expect APA to post earnings of $1.27 per share. This would mark year-over-year growth of 36.56%. Meanwhile, our latest consensus estimate is calling for revenue of $2.24 billion, up 10.92% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $6 per share and revenue of $9.11 billion, indicating changes of +59.15% and -1.14%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for APA. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been a 5.21% rise in the Zacks Consensus EPS estimate. APA is holding a Zacks Rank of #1 (Strong Buy) right now.
Digging into valuation, APA currently has a Forward P/E ratio of 8.2. This signifies a discount in comparison to the average Forward P/E of 9.4 for its industry.
We can additionally observe that APA currently boasts a PEG ratio of 0.82. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As of the close of trade yesterday, the Oil and Gas - Exploration and Production - United States industry held an average PEG ratio of 0.93.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 35, placing it within the top 15% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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This article originally published on Zacks Investment Research (zacks.com).