APA Corporation (APA) to Distribute Quarterly Dividend of $0.25 on November 23rd

APA Corporation (NASDAQ:APA) declared a quarterly dividend on Wednesday, September 16th. Investors of record on Thursday, October 22nd will be paid a dividend of $0.25 per share on Monday, November 23rd. This represents a $1.00 annualized dividend and a yield of 2.0%. The ex-dividend date is Thursday, October 22nd.

APA has raised its dividend by an average of 0.2% per year over the last three years. APA has a dividend payout ratio of 34.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect APA to earn $4.44 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 22.5%.

APA Price Performance

Shares of NASDAQ APA opened at $49.76 on Tuesday. APA has a fifty-two week low of $21.63 and a fifty-two week high of $49.85. The company has a market cap of $17.43 billion, a PE ratio of 10.52, a P/E/G ratio of 0.82 and a beta of 0.42. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.95 and a current ratio of 0.95. The business has a 50-day simple moving average of $43.89 and a two-hundred day simple moving average of $39.26.

APA (NASDAQ:APA) last released its earnings results on Wednesday, August 5th. The company reported $1.89 EPS for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.01). The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.46 billion. APA had a return on equity of 24.84% and a net margin of 19.48%. During the same period last year, the firm earned $0.87 EPS. As a group, equities analysts expect that APA will post 6.00 EPS for the current fiscal year.

APA announced that its board has approved a share buyback plan on Wednesday, September 16th that allows the company to repurchase 40,000,000 shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

About APA

APA Corporation is an independent energy company engaged in the exploration, development and production of oil, natural gas and natural gas liquids. The company’s activities include identifying hydrocarbon resources, drilling and completing wells, operating producing properties, and managing related infrastructure.

APA’s principal producing areas include the Permian Basin in the United States and Egypt’s Western Desert, where it operates through joint ventures with the Egyptian General Petroleum Corporation.