APA (NASDAQ:APA) Issues Earnings Results, Misses Estimates By $0.12 EPS

APA (NASDAQ:APA) issued its earnings results on Thursday. The company reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.12), Briefing.com reports. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.89 billion. APA had a return on equity of 45.32% and a net margin of 34.04%. APA’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.19 EPS.

APA Stock Up 0.3 %

NASDAQ:APA traded up $0.08 during mid-day trading on Friday, hitting $29.26. 9,600,753 shares of the company’s stock were exchanged, compared to its average volume of 6,374,839. APA has a one year low of $28.90 and a one year high of $46.15. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.16 and a quick ratio of 1.02. The business has a fifty day moving average price of $32.52 and a 200 day moving average price of $34.13. The company has a market cap of $8.81 billion, a PE ratio of 3.27 and a beta of 3.29.

APA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Monday, April 22nd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend is Friday, April 19th. APA’s payout ratio is currently 11.19%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. StockNews.com cut shares of APA from a “buy” rating to a “hold” rating in a research report on Saturday. Royal Bank of Canada restated a “sector perform” rating and issued a $45.00 price objective on shares of APA in a research report on Monday, April 8th. Barclays decreased their price objective on shares of APA from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Thursday. Susquehanna boosted their price objective on shares of APA from $50.00 to $54.00 and gave the company a “positive” rating in a research report on Monday, April 22nd. Finally, Mizuho decreased their price objective on shares of APA from $34.00 to $32.00 and set an “underperform” rating on the stock in a research report on Thursday. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $42.05.

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.