Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
APA Group ( (AU:APA) ) has issued an update.
APA Group has received a positive modification from S&P Global Ratings, which has affirmed its BBB (stable) long-term credit rating while lowering the FFO/Debt threshold from 9.5% to 8.5%. This change enhances APA’s capacity to fund growth by more than $1 billion from its existing balance sheet, supporting its strategic focus on capturing long-term opportunities. The modification is expected to bolster APA’s growth strategy and provide additional funding support for its projects, positively impacting its operations and market positioning.
The most recent analyst rating on (AU:APA) stock is a Sell with a A$7.74 price target. To see the full list of analyst forecasts on APA Group stock, see the AU:APA Stock Forecast page.
More about APA Group
APA Group is a leading energy infrastructure business listed on the Australian Securities Exchange. It owns, manages, and operates a $27 billion portfolio of gas, electricity, solar, and wind assets in Australia. The company is a major player in the domestic gas market, delivering around half of the nation’s gas through its extensive pipeline network. APA also invests in electricity transmission and power generation assets, including gas-powered, wind, and solar facilities across the country.
YTD Price Performance: 38.63%
Average Trading Volume: 2,960,290
Technical Sentiment Signal: Buy
Current Market Cap: A$12.26B
See more insights into APA stock on TipRanks’ Stock Analysis page.