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

by · The Cerbat Gem

APA Corporation (NASDAQ:APA – Get Free Report) announced a quarterly dividend on Tuesday, December 9th. Shareholders of record on Thursday, January 22nd will be paid a dividend of 0.25 per share on Monday, February 23rd. This represents a c) dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Thursday, January 22nd.

APA has a dividend payout ratio of 34.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect APA to earn $3.63 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 27.5%.

APA Stock Down 1.0%

Shares of APA traded down $0.28 during midday trading on Wednesday, reaching $26.12. 600,898 shares of the stock were exchanged, compared to its average volume of 7,715,585. The company has a market capitalization of $9.26 billion, a P/E ratio of 6.28, a PEG ratio of 7.00 and a beta of 0.75. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.62. APA has a 52 week low of $13.58 and a 52 week high of $27.72. The company’s 50 day moving average is $24.04 and its two-hundred day moving average is $21.70.

APA (NASDAQ:APA – Get Free Report) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.19. APA had a return on equity of 19.86% and a net margin of 15.49%.The firm had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same period in the previous year, the company posted $1.00 earnings per share. The firm’s quarterly revenue was down 16.4% on a year-over-year basis. On average, sell-side analysts anticipate that APA will post 4.03 earnings per share for the current year.

About APA

(Get Free Report)

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.

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