APA Co. Declares Quarterly Dividend of $0.25 (NASDAQ:APA)

APA Co. (NASDAQ:APA) announced a quarterly dividend on Monday, September 16th, Zacks reports. Investors of record on Tuesday, October 22nd will be paid a dividend of 0.25 per share on Friday, November 22nd. This represents a $1.00 annualized dividend and a yield of 4.01%. The ex-dividend date of this dividend is Tuesday, October 22nd.

APA has increased its dividend payment by an average of 45.5% annually over the last three years. APA has a payout ratio of 23.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect APA to earn $4.93 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 20.3%.

APA Trading Down 1.3 %

Shares of NASDAQ APA traded down $0.34 during midday trading on Wednesday, reaching $24.91. The stock had a trading volume of 986,022 shares, compared to its average volume of 6,228,299. APA has a twelve month low of $22.72 and a twelve month high of $43.58. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.01 and a current ratio of 1.01. The company’s 50 day moving average price is $28.62 and its 200 day moving average price is $30.23. The firm has a market cap of $9.25 billion, a price-to-earnings ratio of 2.83 and a beta of 3.24.

APA (NASDAQ:APA) last announced its earnings results on Wednesday, July 31st. The company reported $1.17 EPS for the quarter, beating the consensus estimate of $0.95 by $0.22. The company had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.28 billion. APA had a return on equity of 35.95% and a net margin of 32.66%. The firm’s revenue for the quarter was up 41.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.85 EPS. As a group, sell-side analysts expect that APA will post 4.34 EPS for the current year.

Wall Street Analyst Weigh In

APA has been the topic of a number of research analyst reports. Evercore ISI reissued an “in-line” rating and set a $39.00 price objective on shares of APA in a research report on Thursday, September 12th. Truist Financial raised their price objective on APA from $45.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Susquehanna lowered their target price on APA from $57.00 to $52.00 and set a “positive” rating on the stock in a research report on Wednesday, September 4th. Royal Bank of Canada reissued a “sector perform” rating and issued a $41.00 price target on shares of APA in a research report on Tuesday. Finally, JPMorgan Chase & Co. decreased their price target on shares of APA from $36.00 to $27.00 and set a “neutral” rating for the company in a research note on Thursday, September 12th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, APA currently has an average rating of “Hold” and a consensus price target of $36.38.

APA Company Profile

APA Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids. It has oil and gas operations in the United States, Egypt, and North Sea. The company also has exploration and appraisal activities in Suriname, as well as holds interests in projects located in Uruguay and internationally.