Apache: APA Co. to Post Q1 2024 Earnings of $0.73 Per Share, Zacks Research Forecasts (NASDAQ:APA)

APA Co. ( NASDAQ:APA - Free Report ) - Research analysts at Zacks Research cut their Q1 2024 EPS estimates for shares of APA in a note issued to investors on Wednesday, March 6th. Zacks Research analyst N. Choudhury now anticipates that the company will post earnings of $0.73 per share for the quarter, down from their prior forecast of $1.33. The consensus estimate for APA's current full-year earnings is $4.06 per share. Zacks Research also issued estimates for APA's Q2 2024 earnings at $0.94 EPS, Q3 2024 earnings at $0.76 EPS, Q4 2024 earnings at $1.03 EPS, FY2024 earnings at $3.46 EPS, Q1 2025 earnings at $0.89 EPS, Q2 2025 earnings at $0.90 EPS, Q3 2025 earnings at $1.47 EPS, Q4 2025 earnings at $1.12 EPS and FY2025 earnings at $4.39 EPS. APA ( NASDAQ:APA - Get Free Report ) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $1.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.18). APA had a net margin of 34.95% and a return on equity of 62.64%. The company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter last year, the firm posted $1.48 earnings per share. The company's quarterly revenue was down 12.3% on a year-over-year basis. Check Out Our Latest Analysis on APA APA Stock Performance NASDAQ:APA opened at $30.81 on Monday. The company has a market cap of $9.30 billion, a price-to-earnings ratio of 3.32 and a beta of 3.27. APA has a fifty-two week low of $29.47 and a fifty-two week high of $46.15. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a fifty day moving average price of $31.43 and a 200-day moving average price of $36.47. Institutional Investors Weigh In On APA Institutional investors and hedge funds have recently made changes to their positions in the stock. Royal London Asset Management Ltd. boosted its position in APA by 1.3% during the fourth quarter. Royal London Asset Management Ltd. now owns 62,122 shares of the company's stock valued at $2,229,000 after acquiring an additional 781 shares during the last quarter. Transcendent Capital Group LLC bought a new stake in shares of APA during the 4th quarter valued at about $66,000. American International Group Inc. grew its stake in APA by 0.5% during the fourth quarter. American International Group Inc. now owns 86,458 shares of the company's stock worth $3,102,000 after purchasing an additional 461 shares during the period. Sunpointe LLC bought a new stake in APA in the fourth quarter worth approximately $463,000. Finally, Readystate Asset Management LP lifted its stake in APA by 52.4% in the fourth quarter. Readystate Asset Management LP now owns 24,145 shares of the company's stock valued at $866,000 after buying an additional 8,300 shares during the period. Institutional investors and hedge funds own 80.48% of the company's stock. APA Dividend Announcement 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 $0.25 dividend. The ex-dividend date is Friday, April 19th. This represents a $1.00 annualized dividend and a dividend yield of 3.25%. APA's dividend payout ratio is 10.78%. APA Company Profile ( Get Free Report ) APA Corporation, through its subsidiaries, explores for, develops, and produces natural gas, crude oil, and natural gas liquids. It has operations in the United States, Egypt, and the United Kingdom, as well as has exploration activities offshore Suriname. The company also operates gathering, compression, processing, and transmission assets in West Texas, as well as holds ownership in four Permian Basin long-haul pipeline. See Also Five stocks we like better than APA What Are Dividend Contenders? Investing in Dividend Contenders MarketBeat Week in Review - 3/4 - 3/8 What Is WallStreetBets and What Stocks Are They Targeting? What is a Microcap Stock? Everything You Need to Know How to Invest in Blue Chip Stocks How to Invest in Casino Stocks: Pros and Cons and More Receive News & Ratings for APA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for APA and related companies with MarketBeat.com's FREE daily email newsletter .