APA (APA) closed the most recent trading day at $33.29, moving -5.05% from the previous trading session. This move lagged the S&P 500's daily gain of 0.81%. Elsewhere, the Dow saw an upswing of 0.27%, while the tech-heavy Nasdaq appreciated by 1.3%.
The oil and natural gas producer's stock has dropped by 7.74% in the past month, falling short of the Oils-Energy sector's loss of 3.61% and the S&P 500's gain of 1.13%.
The upcoming earnings release of APA will be of great interest to investors. The company's earnings report is expected on August 5, 2026. The company is expected to report EPS of $1.83, up 110.34% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $2.5 billion, down 4.36% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $5.29 per share and revenue of $9.09 billion. These totals would mark changes of +40.32% and -1.37%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for APA. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 3.86% lower within the past month. APA currently has a Zacks Rank of #3 (Hold).
In terms of valuation, APA is presently being traded at a Forward P/E ratio of 6.63. This indicates a discount in contrast to its industry's Forward P/E of 9.61.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 177, positioning it in the bottom 29% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Radical New Technology Could Hand Investors Huge Gains
Quantum Computing is the next technological revolution, and it could be even more advanced than AI.
While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.
Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power .
Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.
See Top Quantum Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
APA Corporation (APA): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).