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, July 31st. Analysts expect APA to post earnings of $1.23 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

APA (NASDAQ:APA) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.12). The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.89 billion. APA had a net margin of 34.04% and a return on equity of 45.32%. The company’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter last year, the business posted $1.19 EPS. On average, analysts expect APA to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

APA Trading Down 1.4 %

NASDAQ:APA opened at $30.78 on Tuesday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a market cap of $11.43 billion, a price-to-earnings ratio of 3.44 and a beta of 3.27. APA has a 52 week low of $27.17 and a 52 week high of $46.15. The firm has a 50-day moving average price of $29.64 and a two-hundred day moving average price of $31.01.

APA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 22nd. Shareholders of record on Monday, July 22nd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, July 22nd. This represents a $1.00 annualized dividend and a yield of 3.25%. APA’s dividend payout ratio (DPR) is 11.19%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $41.00 price objective on shares of APA in a research note on Wednesday, July 10th. Bank of America restated an “underperform” rating and set a $31.00 price target on shares of APA in a research note on Friday, June 14th. Truist Financial decreased their price target on shares of APA from $52.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. StockNews.com lowered shares of APA from a “buy” rating to a “hold” rating in a research note on Friday, May 10th. Finally, Wolfe Research began coverage on shares of APA in a research note on Thursday, July 18th. They set an “outperform” rating and a $42.00 price target for the company. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $38.86.

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.