APA (APA) Expected to Announce Quarterly Earnings on Wednesday

APA (NASDAQ:APA) is anticipated to release its earnings data after the market closes on Wednesday, February 26th. Analysts expect APA to post earnings of $0.97 per share and revenue of $2.31 billion for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

APA Trading Up 0.4 %

Shares of APA stock opened at $22.87 on Tuesday. The stock’s fifty day moving average is $22.94 and its two-hundred day moving average is $24.19. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market capitalization of $8.46 billion, a P/E ratio of 3.23 and a beta of 3.15. APA has a fifty-two week low of $20.32 and a fifty-two week high of $36.04.

APA Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Tuesday, April 22nd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $1.00 annualized dividend and a dividend yield of 4.37%. APA’s dividend payout ratio is presently 14.12%.

Analysts Set New Price Targets

Several research firms have recently commented on APA. Citigroup reduced their price target on APA from $29.00 to $24.00 and set a “neutral” rating on the stock in a report on Tuesday, November 26th. Piper Sandler dropped their target price on APA from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, December 17th. Mizuho dropped their target price on APA from $25.00 to $24.00 and set an “underperform” rating for the company in a research report on Monday, December 16th. Truist Financial lowered their price objective on APA from $36.00 to $33.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $32.00 price target on shares of APA in a report on Thursday, January 23rd. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, APA currently has an average rating of “Hold” and a consensus price target of $30.65.

Insider Buying and Selling

In other news, Director Juliet S. Ellis bought 4,391 shares of the stock in a transaction on Thursday, December 12th. The shares were bought at an average price of $22.78 per share, with a total value of $100,026.98. Following the completion of the acquisition, the director now owns 12,436 shares of the company’s stock, valued at approximately $283,292.08. This trade represents a 54.58 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

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.