Barclays lowered the firm’s price target on APA Corp. (APA) to $19 from $25 and keeps an Equal Weight rating on the shares as part of a Q1 preview for the integrated oil and exploration and production group. The focus will be on the macro environment this quarter, as companies with low break-evens and strong balance sheets show better protection in a low oil price environment, the analyst tells investors in a research note. Barclays lowered its oil price deck for 2025 and 2026 to $60 and $65, respectively, and sees uncertainties persisting.
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Read More on APA:
- APA Corp. price target lowered to $30 from $31 at Susquehanna
- APA Corp. price target lowered to $22 from $23 at Piper Sandler
- SCHD ETF News, 4/22/2025
- APA Corporation: Navigating Operational Challenges and Strategic Flexibility with a Hold Rating
- APA Corp. price target lowered to $23 from $32 at Raymond James
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