APA Corporation to Issue Quarterly Dividend of $0.25 (NASDAQ:APA)

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

APA has increased its dividend by an average of 0.2%annually over the last three years. APA has a payout ratio of 34.8% indicating that its dividend is sufficiently covered by earnings. Equities 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%.

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APA Stock Performance

Shares of APA stock opened at $44.79 on Thursday. 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 1 year low of $21.63 and a 1 year high of $47.44. The firm’s 50-day simple moving average is $39.70 and its 200-day simple moving average is $37.87. The firm has a market cap 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.

APA (NASDAQ:APA – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.89 earnings per share for the quarter, missing the consensus estimate of $1.90 by ($0.01). The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.46 billion. APA had a net margin of 19.48% and a return on equity of 24.84%. During the same period in the prior year, the firm earned $0.87 earnings per share. Equities analysts forecast that APA will post 5.7 earnings per share for the current fiscal year.

Institutional Trading of APA

Large investors have recently modified their holdings of the company. Hollencrest Capital Management grew its position in APA by 520.8% in the 1st quarter. Hollencrest Capital Management now owns 596 shares of the company’s stock worth $25,000 after purchasing an additional 500 shares during the last quarter. Cedar Mountain Advisors LLC bought a new stake in shares of APA during the first quarter valued at approximately $28,000. Compass Financial Management LLC acquired a new position in shares of APA during the second quarter worth approximately $33,000. MidFirst Bank acquired a new position in shares of APA during the second quarter worth approximately $33,000. Finally, Global Assets Advisory LLC bought a new position in APA in the 1st quarter worth approximately $44,000. Institutional investors and hedge funds own 83.01% of the company’s stock.

APA Company Profile

(Get Free Report)

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.

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