APA (APA) Set to Announce Earnings on Wednesday

APA (NASDAQ:APA) is scheduled to post its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect APA to post earnings of $0.88 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 issued its quarterly earnings results on Thursday, February 22nd. The company reported $1.15 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.18). APA had a net margin of 34.95% and a return on equity of 62.64%. The business had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.07 billion. During the same period in the prior year, the company posted $1.48 EPS. The company’s revenue for the quarter was down 12.3% on a year-over-year basis. On average, analysts expect APA to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

APA Price Performance

APA stock opened at $32.06 on Wednesday. The stock’s 50 day moving average is $32.46 and its two-hundred day moving average is $34.53. APA has a 52-week low of $29.47 and a 52-week high of $46.15. The company has a market capitalization of $9.65 billion, a PE ratio of 3.45 and a beta of 3.27. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.41.

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 paid a $0.25 dividend. The ex-dividend date is Friday, April 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.12%. APA’s dividend payout ratio (DPR) is presently 10.78%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. StockNews.com raised shares of APA from a “hold” rating to a “buy” rating in a research report on Tuesday. Royal Bank of Canada restated a “sector perform” rating and set a $45.00 price objective on shares of APA in a research note on Monday, April 8th. JPMorgan Chase & Co. lifted their target price on APA from $38.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Raymond James lowered their price target on APA from $44.00 to $43.00 and set a “strong-buy” rating for the company in a report on Wednesday, January 24th. Finally, Morgan Stanley restated an “underweight” rating and set a $28.00 price objective on shares of APA in a research note on Monday, April 15th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $42.10.

About APA

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.