APA (APA) Scheduled to Post Quarterly Earnings on Wednesday

APA (NASDAQ:APA) is scheduled to be releasing its earnings data after the market closes on Wednesday, May 1st. Analysts expect APA to post earnings of $0.88 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

APA (NASDAQ:APA) last posted its 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). The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.07 billion. APA had a return on equity of 62.64% and a net margin of 34.95%. The firm’s revenue for the quarter was down 12.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.48 EPS. On average, analysts expect APA to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

APA Stock Up 0.7 %

Shares of NASDAQ APA opened at $32.72 on Tuesday. The stock has a market cap of $9.85 billion, a PE ratio of 3.53 and a beta of 3.27. APA has a 52-week low of $29.47 and a 52-week high of $46.15. The business has a 50-day moving average price of $32.57 and a 200 day moving average price of $34.35. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Monday, April 22nd will be given a dividend of $0.25 per share. The ex-dividend date is Friday, April 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.06%. APA’s dividend payout ratio (DPR) is presently 10.78%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on APA. Johnson Rice downgraded shares of APA from a “buy” rating to a “hold” rating and set a $40.00 price objective on the stock. in a research report on Friday, January 5th. StockNews.com raised APA from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. Mizuho reduced their price objective on APA from $36.00 to $34.00 and set an “underperform” rating for the company in a research note on Friday, March 15th. Morgan Stanley reiterated an “underweight” rating and issued a $28.00 target price on shares of APA in a research note on Monday, April 15th. Finally, Scotiabank restated a “sector perform” rating and set a $37.00 price target (down previously from $43.00) on shares of APA in a research note on Tuesday, January 16th. Three 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. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $42.25.

APA Company Profile

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.