APA (APA) to Release Earnings on Wednesday

APA (NASDAQ:APA) will be issuing its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $1.00 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

APA Stock Performance

Shares of NASDAQ APA opened at $23.09 on Monday. The company has a market cap of $8.54 billion, a P/E ratio of 2.52 and a beta of 3.24. APA has a 52-week low of $22.72 and a 52-week high of $40.93. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.01 and a current ratio of 1.01. The firm’s fifty day moving average is $25.50 and its two-hundred day moving average is $28.34.

APA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Tuesday, October 22nd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, October 22nd. This represents a $1.00 annualized dividend and a dividend yield of 4.33%. APA’s dividend payout ratio (DPR) is 10.91%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Evercore ISI cut their price target on APA from $39.00 to $33.00 and set an “in-line” rating for the company in a report on Monday, September 30th. Citigroup reduced their price target on shares of APA from $32.00 to $29.00 in a research report on Friday, October 18th. Susquehanna lowered their price objective on shares of APA from $52.00 to $48.00 and set a “positive” rating for the company in a research report on Friday, October 18th. Truist Financial boosted their target price on shares of APA from $34.00 to $36.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Finally, UBS Group lowered their price target on shares of APA from $35.00 to $29.00 and set a “neutral” rating for the company in a report on Wednesday, September 18th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $34.18.

About APA

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.