Stephens raised the firm’s price target on APA Corp. (APA) to $24 from $23 and keeps an Equal Weight rating on the shares. The firm, which anticipates “a slight beat” in Q4, notes that its EBITDA and cash flow per share estimates are 2% and 1% above consensus, respectively.
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Read More on APA:
- APA Corp. price target raised to $26 from $25 at RBC Capital
- APA Corp. price target lowered to $21 from $23 at Morgan Stanley
- Balanced Risk-Reward at APA: Weaker Permian and Declining Legacy Oil Offset by Egyptian Gas Stability and Long-Dated Suriname Upside, Supporting a Hold Rating
- APA Corp. downgraded to Underweight from Equal Weight at Barclays
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