APA (APA) to Release Earnings on Wednesday

APA (NASDAQ:APA) is projected to release its earnings data after the market closes on Wednesday, February 26th. Analysts expect APA to post earnings of $0.97 per share and revenue of $2.31 billion for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

APA Stock Performance

NASDAQ:APA opened at $22.79 on Monday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.24 and a quick ratio of 1.24. The business has a fifty day simple moving average of $22.92 and a two-hundred day simple moving average of $24.22. APA has a 1 year low of $20.32 and a 1 year high of $36.04. The company has a market capitalization of $8.43 billion, a P/E ratio of 3.22 and a beta of 3.15.

APA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Tuesday, April 22nd will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date of this dividend is Tuesday, April 22nd. APA’s dividend payout ratio is currently 14.12%.

Insiders Place Their Bets

In other news, Director Juliet S. Ellis purchased 4,391 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was purchased at an average price of $22.78 per share, with a total value of $100,026.98. Following the completion of the purchase, the director now directly owns 12,436 shares in the company, valued at approximately $283,292.08. This trade represents a 54.58 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on APA. Piper Sandler decreased their target price on APA from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, December 17th. Royal Bank of Canada reissued a “sector perform” rating and issued a $32.00 target price on shares of APA in a research report on Thursday, January 23rd. Mizuho cut their price target on APA from $25.00 to $24.00 and set an “underperform” rating for the company in a report on Monday, December 16th. JPMorgan Chase & Co. cut their price target on APA from $29.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, November 13th. Finally, Citigroup cut their price target on APA from $29.00 to $24.00 and set a “neutral” rating for the company in a report on Tuesday, November 26th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $30.65.

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.