UBS analyst Josh Silverstein initiated coverage of APA Corp. with a Neutral rating and $45 price target. APA has made significant balance sheet improvement and increased its return of capital profile, but UBS believes the valuation gap vs. Oil E&P peers fairly reflects the legacy asset base, the analyst tells investors in a research note. Further delays in Suriname’s development represents downside risk, the firm says.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on APA:
- APA Corp. assumed with a Neutral at UBS
- APA Corp. price target raised to $72 from $51 at Truist
- APA Corp. price target lowered to $51 from $53 at Truist
- APA Corp. reports Q1 estimated average realized prices for U.S. oil $75.00 bbl
- APA Corporation Provides First-Quarter 2023 Supplemental Information and Schedules Results Conference Call for May 4 at 10 a.m. Central Time