APA (NASDAQ:APA - Get Free Report) posted its quarterly earnings data on Wednesday. The company reported $0.78 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.90 by ($0.12), Briefing.com reports. APA had a return on equity of 62.64% and a net margin of 34.95%. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same period in the prior year, the firm posted $1.19 earnings per share. The business's revenue was down 2.8% on a year-over-year basis.
APA Trading Down 4.3 %
Shares of NASDAQ APA traded down $1.32 during midday trading on Thursday, hitting $29.18. 13,327,204 shares of the company traded hands, compared to its average volume of 6,877,815. APA has a 12-month low of $28.90 and a 12-month high of $46.15. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a 50-day moving average price of $32.56 and a 200 day moving average price of $34.25. The firm has a market cap of $8.79 billion, a P/E ratio of 3.14 and a beta of 3.29.
APA Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Monday, April 22nd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend is Friday, April 19th. APA's dividend payout ratio is currently 10.78%.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on APA. Susquehanna lifted their price objective on shares of APA from $50.00 to $54.00 and gave the stock a "positive" rating in a report on Monday, April 22nd. The Goldman Sachs Group decreased their target price on shares of APA from $35.00 to $31.00 and set a "sell" rating on the stock in a research report on Tuesday, March 26th. Johnson Rice cut shares of APA from a "buy" rating to a "hold" rating and set a $40.00 target price on the stock. in a research report on Friday, January 5th. StockNews.com upgraded shares of APA from a "hold" rating to a "buy" rating in a research report on Tuesday, April 23rd. Finally, Roth Mkm lifted their target price on shares of APA from $37.00 to $39.00 and gave the stock a "buy" rating in a research report on Tuesday, April 2nd. Three analysts have rated the stock with a sell rating, ten have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, APA presently has a consensus rating of "Hold" and an average target price of $42.05.
Check Out Our Latest Research Report on APA
About APA
(
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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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