Analyst Josh Silverstein from UBS maintained a Hold rating on APA and increased the price target to $26.00 from $25.00.
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Josh Silverstein has given his Hold rating due to a combination of factors influencing APA’s current and future performance. The company reported strong operational results in the third quarter of 2025, surpassing earnings expectations, and has made significant strides in cost reduction, particularly in the Permian region. These improvements have led to a more favorable outlook for free cash flow per barrel of oil equivalent.
However, despite these positive developments, Silverstein remains cautious, maintaining a Neutral stance. He believes that consistent operational execution is necessary for APA to align more closely with its peers. Additionally, the company faces potential risks from decommissioning expenses and exposure to oil price fluctuations, which could impact its financial stability. These factors contribute to the decision to rate APA with a Hold recommendation.
Silverstein covers the Energy sector, focusing on stocks such as Occidental Petroleum, Chevron, and APA. According to TipRanks, Silverstein has an average return of 4.9% and a 50.99% success rate on recommended stocks.
In another report released on November 6, Evercore ISI also assigned a Hold rating to the stock with a $16.00 price target.