APA Corporation (NASDAQ:APA) Announces $0.25 Quarterly Dividend

APA Corporation (NASDAQ:APA) declared a quarterly dividend on Thursday, February 5th. Stockholders of record on Wednesday, April 22nd will be paid a dividend of 0.25 per share on Friday, May 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Wednesday, April 22nd.

APA has a dividend payout ratio of 34.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect APA to earn $3.63 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 27.5%.

APA Trading Up 3.6%

NASDAQ APA traded up $0.95 on Friday, reaching $27.43. The company had a trading volume of 1,359,551 shares, compared to its average volume of 6,400,314. The firm has a market cap of $9.73 billion, a price-to-earnings ratio of 6.59, a P/E/G ratio of 12.80 and a beta of 0.74. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.78 and a quick ratio of 0.78. APA has a fifty-two week low of $13.58 and a fifty-two week high of $27.72. The business has a 50 day moving average of $25.41 and a two-hundred day moving average of $23.51.

APA (NASDAQ:APA) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.19. APA had a return on equity of 19.86% and a net margin of 15.49%.The firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same quarter in the previous year, the company posted $1.00 EPS. The business’s revenue was down 16.4% on a year-over-year basis. Analysts forecast that APA will post 4.03 EPS for the current year.

About APA

APA Corporation (NASDAQ: APA) is an independent exploration and production company engaged in the acquisition, development and production of oil and natural gas resources. The company operates through three core regions: the United States, Egypt and the North Sea. Through its integrated approach, APA combines geological and geophysical expertise with technical innovation to identify and develop hydrocarbons in both onshore and offshore settings.

In the United States, APA’s largest position is in the Permian Basin of West Texas and southeastern New Mexico, where it holds substantial acreage dedicated to oil-focused drilling and production.