APA (APA) to Release Earnings on Wednesday

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

APA (NASDAQ:APA) last announced its earnings results on Thursday, February 22nd. The company reported $1.15 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.18). APA had a return on equity of 62.64% and a net margin of 34.95%. The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.07 billion. During the same quarter in the previous year, the business earned $1.48 earnings per share. The business’s quarterly revenue was down 12.3% compared to the same quarter last year. 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 0.4 %

APA stock opened at $32.49 on Monday. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market capitalization of $9.78 billion, a P/E ratio of 3.50 and a beta of 3.27. APA has a 52-week low of $29.47 and a 52-week high of $46.15. The company’s 50 day simple moving average is $32.55 and its 200-day simple moving average is $34.39.

APA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Monday, April 22nd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.08%. The ex-dividend date is Friday, April 19th. APA’s dividend payout ratio (DPR) is currently 10.78%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on APA shares. Johnson Rice downgraded APA from a “buy” rating to a “hold” rating and set a $40.00 price target on the stock. in a report on Friday, January 5th. JPMorgan Chase & Co. upped their target price on APA from $38.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. The Goldman Sachs Group decreased their price target 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. StockNews.com upgraded shares of APA from a “hold” rating to a “buy” rating in a research note on Tuesday, April 23rd. Finally, Morgan Stanley reiterated an “underweight” rating and issued a $28.00 target price on shares of APA in a research report on Monday, April 15th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, APA currently has a consensus rating of “Hold” and an average 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.