APA Co. (NASDAQ:APA) to Issue Quarterly Dividend of $0.25

APA Co. (NASDAQ:APA) declared a quarterly dividend on Thursday, February 6th,RTT News reports. Shareholders of record on Tuesday, April 22nd will be paid a dividend of 0.25 per share on Thursday, May 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date is Tuesday, April 22nd.

APA has increased its dividend payment by an average of 61.5% annually over the last three years. APA has a dividend payout ratio of 29.4% meaning its dividend is sufficiently covered by earnings. Equities research 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 Stock Performance

Shares of NASDAQ:APA opened at $21.67 on Friday. The business has a 50-day moving average price of $22.76 and a two-hundred day moving average price of $24.77. APA has a 1-year low of $20.32 and a 1-year high of $36.04. The stock has a market capitalization of $8.02 billion, a P/E ratio of 3.06 and a beta of 3.15. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.03.

Wall Street Analyst Weigh In

A number of analysts recently commented on APA shares. JPMorgan Chase & Co. lowered their price objective on shares of APA from $29.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday, November 13th. Susquehanna cut their price objective on APA from $52.00 to $48.00 and set a “positive” rating on the stock in a report on Friday, October 18th. Raymond James upped their price target on shares of APA from $44.00 to $45.00 and gave the company a “strong-buy” rating in a report on Thursday, January 23rd. Piper Sandler reduced their price target on APA from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, December 17th. Finally, Barclays lowered their target price on shares of APA from $30.00 to $27.00 and set an “equal weight” rating on the stock in a report on Friday, November 8th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, APA presently has a consensus rating of “Hold” and an average target price of $30.65.

Insider Transactions at APA

In related 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 completion of the purchase, the director now directly owns 12,436 shares in the company, valued at $283,292.08. The trade was a 54.58 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate 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.