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

by · The Markets Daily

APA Corporation (NASDAQ:APA – Get Free Report) declared 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 payout ratio of 34.8% indicating that its dividend is sufficiently covered by earnings. Research 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 Trading Down 0.8%

APA stock traded down $0.22 during trading hours on Wednesday, hitting $26.17. The stock had a trading volume of 877,990 shares, compared to its average volume of 7,717,002. The business’s 50 day simple moving average is $24.04 and its 200-day simple moving average is $21.70. APA has a one year low of $13.58 and a one year high of $27.72. The stock has a market cap of $9.28 billion, a price-to-earnings ratio of 6.28, a P/E/G ratio of 7.00 and a beta of 0.75. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.62.

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

APA Company Profile

(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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