APA Corporation to Issue Quarterly Dividend of $0.25 (NASDAQ:APA)

APA Corporation (NASDAQ:APA) declared a quarterly dividend on Wednesday, September 16th. Stockholders of record on Thursday, October 22nd will be given a dividend of 0.25 per share on Monday, November 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Thursday, October 22nd.

APA has raised its dividend payment by an average of 0.2%annually over the last three years. APA has a dividend payout ratio of 34.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect APA to earn $3.88 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 25.8%.

APA Trading Down 5.5%

Shares of APA stock opened at $44.79 on Thursday. The firm’s 50 day moving average is $39.70 and its 200 day moving average is $37.87. The firm has a market capitalization of $15.69 billion, a PE ratio of 9.47, a price-to-earnings-growth ratio of 0.83 and a beta of 0.37. APA has a 1 year low of $21.63 and a 1 year high of $47.44. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.47.

APA (NASDAQ:APA) last issued its earnings results on Wednesday, August 5th. The company reported $1.89 earnings per share for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.01). The company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.46 billion. APA had a net margin of 19.48% and a return on equity of 24.84%. During the same quarter in the prior year, the business earned $0.87 EPS. Equities research analysts forecast that APA will post 5.7 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on APA shares. Roth Capital set a $39.00 price objective on shares of APA in a report on Thursday, August 6th. Susquehanna upped their price target on shares of APA from $45.00 to $47.00 and gave the company a “positive” rating in a research report on Tuesday, August 11th. Benchmark lifted their price target on shares of APA from $40.00 to $46.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Zacks Research cut shares of APA from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Finally, Wall Street Zen upgraded APA from a “hold” rating to a “buy” rating in a report on Saturday, August 22nd. Ten analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $42.97.

APA Company Profile

APA Corporation (NASDAQ: APA) is an independent energy company engaged in the exploration, development and production of oil, natural gas and natural gas liquids. The company operates through subsidiaries and manages upstream assets spanning exploration, drilling, production and related field-development activities.

APA’s principal producing operations are in the Permian Basin of the United States and in Egypt. The company has also pursued offshore exploration opportunities in Suriname, where it has participated in drilling and appraisal activities in the country’s offshore blocks.