Published on 12 Oct 2021 on Zacks via Yahoo Finance
Shares of APA (APA) have been strong performers lately, with the stock up 21.2% over the past month. The stock hit a new 52-week high of $25.33 in the previous session. APA has gained 72.1% since the start of the year compared to the 35.9% move for the Zacks Oils-Energy sector and the 111.7% return for the Zacks Oil and Gas - Exploration and Production - United States industry.
What's Driving the Outperformance?
The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on August 4, 2021, APA reported EPS of $0.7 versus consensus estimate of $0.54 while it beat the consensus revenue estimate by 7.17%.