APA Corp. price target lowered to $30 from $31 at Susquehanna

Susquehanna lowered the firm’s price target on APA Corp. (APA) to $30 from $31 and keeps a Positive rating on the shares. The firm lowered its 2025 oil price assumption to around $68/bbl and 2026/long-term assumption to $67/bbl. Tariffs have lowered global demand estimates and pushed down oil prices to begin 2Q as recession fears climb. OPEC+ is also beginning to unwind its 2.2MM barrels of voluntary production cuts beginning in April, adding significant supply back into the market.