Brokerages forecast that APA Co. (NASDAQ:APA – Get Rating) will announce $2.40 billion in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for APA’s earnings. The highest sales estimate is $2.76 billion and the lowest is $2.04 billion. APA reported sales of $2.09 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 14.8%. The business is scheduled to issue its next earnings report after the market closes on Monday, January 1st.
On average, analysts expect that APA will report full-year sales of $9.79 billion for the current fiscal year, with estimates ranging from $8.55 billion to $11.59 billion. For the next financial year, analysts expect that the company will report sales of $9.38 billion, with estimates ranging from $8.08 billion to $11.04 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow APA.
APA (NASDAQ:APA – Get Rating) last issued its quarterly earnings results on Sunday, February 20th. The company reported $1.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.43 by ($0.14). APA had a net margin of 12.44% and a negative return on equity of 552.09%. During the same period in the prior year, the firm earned ($0.05) earnings per share.
Shares of APA stock opened at $40.71 on Friday. The stock has a market cap of $14.12 billion, a P/E ratio of 15.72, a price-to-earnings-growth ratio of 0.11 and a beta of 4.43. The stock has a 50 day simple moving average of $39.00 and a 200 day simple moving average of $32.20. APA has a 1 year low of $15.55 and a 1 year high of $45.22.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 23rd. Investors of record on Friday, April 22nd will be issued a $0.125 dividend. The ex-dividend date of this dividend is Thursday, April 21st. This represents a $0.50 dividend on an annualized basis and a yield of 1.23%. APA’s payout ratio is 19.31%.
In other APA news, insider P Anthony Lannie sold 40,800 shares of the stock in a transaction dated Monday, March 7th. The stock was sold at an average price of $39.90, for a total transaction of $1,627,920.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Chansoo Joung purchased 40,000 shares of the firm’s stock in a transaction on Friday, February 25th. The shares were acquired at an average price of $32.92 per share, with a total value of $1,316,800.00. The disclosure for this purchase can be found here. Corporate insiders own 1.05% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. CVA Family Office LLC bought a new position in shares of APA during the 4th quarter worth about $30,000. Ahrens Investment Partners LLC bought a new position in shares of APA during the 4th quarter worth about $35,000. First Mercantile Trust Co. bought a new position in shares of APA during the 3rd quarter worth about $31,000. Outfitter Financial LLC bought a new position in shares of APA during the 4th quarter worth about $48,000. Finally, NuWave Investment Management LLC bought a new position in shares of APA during the 1st quarter worth about $78,000. Hedge funds and other institutional investors own 86.58% of the company’s stock.
APA Company Profile (Get Rating)
APA Corporation, through its subsidiaries, explores for, develops, and produces oil and gas properties. It has operations in the United States, Egypt, and the United Kingdom, as well as has exploration activities offshore Suriname. The company also operates gathering, processing, and transmission assets in West Texas, as well as holds ownership in four Permian-to-Gulf Coast pipelines.
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