APA Corporation (NASDAQ:APA) Declares $0.25 Quarterly Dividend

APA Corporation (NASDAQ:APA) announced a quarterly dividend on Wednesday, September 16th. Stockholders of record on Thursday, October 22nd will be paid a dividend of 0.25 per share on Monday, November 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Thursday, October 22nd.

APA has increased its dividend payment by an average of 0.2%annually over the last three years. APA has a payout ratio of 34.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect APA to earn $3.88 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 25.8%.

APA Price Performance

Shares of NASDAQ APA opened at $44.79 on Thursday. The firm has a market capitalization of $15.69 billion, a PE ratio of 9.47, a price-to-earnings-growth ratio of 0.83 and a beta of 0.37. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.95 and a current ratio of 0.95. APA has a fifty-two week low of $21.63 and a fifty-two week high of $47.44. The stock’s 50-day simple moving average is $39.70 and its 200-day simple moving average is $37.87.

APA (NASDAQ:APA) last posted its earnings results on Wednesday, August 5th. The company reported $1.89 EPS for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.01). The company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.46 billion. APA had a net margin of 19.48% and a return on equity of 24.84%. During the same period last year, the business earned $0.87 earnings per share. As a group, equities research analysts forecast that APA will post 5.7 EPS for the current fiscal year.

About APA

APA Corporation (NASDAQ: APA) is an independent energy company engaged in the exploration, development and production of oil, natural gas and natural gas liquids. The company operates through subsidiaries and manages upstream assets spanning exploration, drilling, production and related field-development activities.

APA’s principal producing operations are in the Permian Basin of the United States and in Egypt. The company has also pursued offshore exploration opportunities in Suriname, where it has participated in drilling and appraisal activities in the country’s offshore blocks.