Here's Why APA (APA) Fell More Than Broader Market

Apache Corporation (APA) closed at $44.79, down 5.53% in the latest trading session, underperforming the broader market. Despite a strong monthly gain of 11.91%, analysts expect upcoming earnings of $1.18 per share with 26.88% year-over-year growth. The stock trades at a Forward P/E of 8.32, below its industry average of 10.31, and holds a Zacks Rank #3 (Hold) rating with recent EPS estimate revisions of +8.55%.