APA (NASDAQ:APA – Get Free Report) released its quarterly earnings results on Wednesday. The company reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.12), Briefing.com reports. APA had a net margin of 34.04% and a return on equity of 45.32%. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same period in the prior year, the business earned $1.19 earnings per share. The company’s revenue for the quarter was down 2.8% on a year-over-year basis.
APA Stock Up 0.3 %
APA stock opened at $29.26 on Friday. APA has a twelve month low of $28.90 and a twelve month high of $46.15. The firm has a 50 day moving average price of $32.52 and a 200-day moving average price of $34.13. The company has a market capitalization of $8.81 billion, a P/E ratio of 3.27 and a beta of 3.29. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 1.42.
APA Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Monday, April 22nd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date of this dividend is Friday, April 19th. APA’s dividend payout ratio is currently 11.19%.
Analyst Ratings Changes
View Our Latest Stock Report on APA
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.
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