APA Corporation (NASDAQ:APA) Announces Quarterly Dividend of $0.25

APA Corporation (NASDAQ:APA) declared a quarterly dividend on Thursday, February 5th. Stockholders of record on Wednesday, April 22nd will be paid a dividend of 0.25 per share on Friday, May 22nd. This represents a c) annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Wednesday, April 22nd.

APA has a dividend payout ratio of 34.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect APA to earn $3.63 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 27.5%.

APA Trading Up 3.4%

Shares of APA stock traded up $0.89 on Friday, hitting $27.37. 1,206,161 shares of the company’s stock traded hands, compared to its average volume of 6,383,240. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.78 and a quick ratio of 0.78. The stock has a market capitalization of $9.71 billion, a PE ratio of 6.59, a price-to-earnings-growth ratio of 12.80 and a beta of 0.74. The firm’s 50-day moving average price is $25.41 and its two-hundred day moving average price is $23.51. APA has a one year low of $13.58 and a one year high of $27.72.

APA (NASDAQ:APA) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.19. APA had a net margin of 15.49% and a return on equity of 19.86%. The firm had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter in the previous year, the company earned $1.00 earnings per share. The business’s revenue for the quarter was down 16.4% on a year-over-year basis. On average, research analysts expect that APA will post 4.03 EPS for the current fiscal year.

APA Company Profile

APA Corporation (NASDAQ: APA) is an independent exploration and production company engaged in the acquisition, development and production of oil and natural gas resources. The company operates through three core regions: the United States, Egypt and the North Sea. Through its integrated approach, APA combines geological and geophysical expertise with technical innovation to identify and develop hydrocarbons in both onshore and offshore settings.

In the United States, APA’s largest position is in the Permian Basin of West Texas and southeastern New Mexico, where it holds substantial acreage dedicated to oil-focused drilling and production.