APA (NASDAQ:APA) Announces Quarterly Earnings Results, Misses Estimates By $0.10 EPS

APA (NASDAQ:APA) issued its quarterly earnings data on Wednesday. The company reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.10), Briefing.com reports. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.89 billion. APA had a return on equity of 62.64% and a net margin of 34.95%. The business’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period last year, the firm earned $1.19 EPS.

APA Stock Performance

Shares of NASDAQ:APA traded down $0.89 during trading on Thursday, hitting $29.61. The stock had a trading volume of 3,553,825 shares, compared to its average volume of 6,760,153. 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 has a 12-month low of $29.25 and a 12-month high of $46.15. The stock has a market capitalization of $8.92 billion, a price-to-earnings ratio of 3.19 and a beta of 3.29. The stock has a 50-day simple moving average of $32.56 and a two-hundred day simple moving average of $34.25.

APA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Monday, April 22nd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date of this dividend is Friday, April 19th. APA’s dividend payout ratio is presently 10.78%.

Analyst Ratings Changes

APA has been the subject of several recent research reports. Raymond James reduced their price target on APA from $44.00 to $43.00 and set a “strong-buy” rating for the company in a research report on Wednesday, January 24th. The Goldman Sachs Group reduced their target price on shares of APA from $35.00 to $31.00 and set a “sell” rating for the company in a report on Tuesday, March 26th. Truist Financial decreased their price target on shares of APA from $59.00 to $53.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Susquehanna lifted their price objective on shares of APA from $50.00 to $54.00 and gave the stock a “positive” rating in a research report on Monday, April 22nd. Finally, Johnson Rice cut shares of APA from a “buy” rating to a “hold” rating and set a $40.00 target price for the company. in a research report on Friday, January 5th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $42.05.

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.