APA (APA) Expected to Announce Quarterly Earnings on Wednesday

APA (NASDAQ:APA - Get Free Report) is expected to issue its quarterly earnings data after the market closes on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.97 per share and revenue of $2.31 billion for the quarter. Individual interested in participating in the company's earnings conference call can do so using this link.

APA Trading Down 3.5 %

Shares of APA traded down $0.83 during midday trading on Friday, hitting $22.79. 6,791,829 shares of the stock were exchanged, compared to its average volume of 6,146,080. APA has a 52-week low of $20.32 and a 52-week high of $36.04. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a fifty day simple moving average of $22.92 and a 200 day simple moving average of $24.26. The firm has a market cap of $8.43 billion, a P/E ratio of 3.22 and a beta of 3.15.

APA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Tuesday, April 22nd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $1.00 annualized dividend and a yield of 4.39%. APA's dividend payout ratio (DPR) is 14.12%.

Analyst Ratings Changes

Several research firms have commented on APA. UBS Group reduced their price objective on APA from $28.00 to $27.00 and set a "neutral" rating for the company in a research note on Monday, December 9th. Mizuho lowered their price target on shares of APA from $25.00 to $24.00 and set an "underperform" rating on the stock in a research note on Monday, December 16th. Wells Fargo & Company downgraded APA from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $42.00 to $25.00 in a research report on Tuesday, December 17th. Royal Bank of Canada restated a "sector perform" rating and issued a $32.00 price target on shares of APA in a research report on Thursday, January 23rd. Finally, Barclays cut their price target on APA from $30.00 to $27.00 and set an "equal weight" rating for the company in a research note on Friday, November 8th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $30.65.

Insider Activity

In other news, Director Juliet S. Ellis bought 4,391 shares of the business's stock in a transaction that occurred on Thursday, December 12th. The shares were acquired at an average cost of $22.78 per share, with a total value of $100,026.98. Following the transaction, the director now owns 12,436 shares of the company's stock, valued at $283,292.08. This represents a 54.58 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.30% of the company's stock.

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.