APA (APA) Set to Announce Quarterly Earnings on Wednesday

APA (NASDAQ:APA) will be posting its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect APA to post earnings of $0.88 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

APA (NASDAQ:APA) last issued its earnings results on Thursday, February 22nd. The company reported $1.15 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.18). APA had a net margin of 34.95% and a return on equity of 62.64%. The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.07 billion. During the same period last year, the business earned $1.48 EPS. The firm’s revenue was down 12.3% compared to the same quarter last year. On average, analysts expect APA to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

APA Trading Down 1.3 %

NASDAQ APA opened at $32.06 on Wednesday. APA has a 52 week low of $29.47 and a 52 week high of $46.15. The firm has a 50 day moving average of $32.46 and a two-hundred day moving average of $34.53. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.41. The stock has a market capitalization of $9.65 billion, a PE ratio of 3.45 and a beta of 3.27.

APA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Monday, April 22nd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend is Friday, April 19th. APA’s dividend payout ratio (DPR) is presently 10.78%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on APA shares. Truist Financial lowered their price objective on APA from $59.00 to $53.00 and set a “buy” rating for the company in a research report on Friday, April 5th. JPMorgan Chase & Co. raised their price objective on shares of APA from $38.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Piper Sandler upped their target price on shares of APA from $33.00 to $35.00 and gave the company a “neutral” rating in a report on Friday, April 19th. StockNews.com raised shares of APA from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Barclays assumed coverage on shares of APA in a research note on Wednesday, April 10th. They issued an “equal weight” rating and a $40.00 price objective for the company. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $42.10.

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.