APA GROUP (APA)
Share Price Analysis and Chart

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APA - APA GROUP

FNArena Sector : NatGas
Year End: June
GICS Industry Group : Utilities
Index: ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

APA Group owns and operates natural gas and electricity assets, while increasingly adding renewables. It is Australia's largest natural gas infrastructure business and one of few true local dividend champions. It listed in 2000.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$9.37

03 Mar
2021

-0.010

OPEN

$9.37

-0.11%

HIGH

$9.48

1,611,216

LOW

$9.32

TARGET
$10.844 15.7% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
ORG . OSH . STO . WPL . DLS . EGO . KAR . SEH . SXY . COE . BYE . CTP . LCK . COI . STX .
MARKET CONSENSUS FORECAST
APA: 1
Title FY19
Actual		 FY20
Actual		 FY21
Forecast		 FY22
Forecast
EPS (cps) xxx 26.9 26.3 xxx
DPS (cps) xxx 50.0 50.7 xxx
EPS Growth xxx 10.2% - 2.1% xxx
DPS Growth xxx 6.4% 1.4% xxx
PE Ratio xxx N/A 35.1 xxx
Dividend Yield xxx N/A 5.5% xxx
Div Pay Ratio(%) xxx 185.9% 192.5% xxx

Dividend yield today if purchased 3 years ago: 6.49%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.41

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 29/06 - 27c (0%)

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.7

No. Of Recommendations

7
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Ord Minnett

24/02/2021

1

Upgrade to Buy from Hold

$11.30

20.60%

APA Group's first-half net profit of $162m was below Ord Minnett’s forecast of $166m with operating earnings within -1% of the broker's estimate. An interim dividend of 24c was announced.

Management has reaffirmed the full-year guidance which implies the second half operating income will be between $822-$842m. The broker believes the recent share price weakness was driven by an increase in benchmark interest rates.

While macro drivers could represent a near term headwind, Ord Minnett finds the stock attractive at current price levels and given the group's stable, predictable earnings.

Ord Minnett upgrades to Buy from Hold with the target rising to $11.30 from $11.09.

This stock is not covered in-house by Ord Minnett. Instead, the broker whitelabels research by JP Morgan.

FORECAST
Ord Minnett forecasts a full year FY21 dividend of 51.00 cents and EPS of 27.00 cents.
Ord Minnett forecasts a full year FY22 dividend of 54.00 cents and EPS of 29.00 cents.

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Credit Suisse

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

APA STOCK CHART

FNArena News on APA

1
Weekly Ratings, Targets, Forecast Changes – 26-02-21

Mar 01 2021 - Weekly Reports
2
FNArena Corporate Results Monitor – 25-02-2021

Feb 25 2021 - Australia
3
Share Market Outlook 2021: Swings & Roundabouts

Jan 21 2021 - Rudi's View
4
Rudi’s View: Brambles, Orica, Reece and… Tesla

Dec 04 2020 - Rudi's View
5
APA Group Forges Interconnected WA Gas Grid

Nov 26 2020 - Australia

Latest NatGas News

1
Cash Flow Still Features For Origin Energy

Nov 30 2020 - Australia
2
APA Group Forges Interconnected WA Gas Grid

Nov 26 2020 - Australia
3
Decision On Santos’ Narrabri CSG Project Nears

Sep 28 2020 - Treasure Chest
4
ESG Focus: Climate Change Megatrend – Part 2

Aug 24 2020 - ESG Focus
5
Capital Management Critical To Origin Energy

Jul 17 2020 - Australia
6
Woodside Still Committed To Growth Plans

Jul 16 2020 - Australia
7
Origin Energy Releases The Kraken

May 06 2020 - Australia
8
Subdued 2020 For Woodside Petroleum

Apr 17 2020 - Australia
9
Santos Recovery Underway

Apr 07 2020 - Technicals
10
Woodside Offers Potential, And Potential Delays

Jan 20 2020 - Australia