Evercore ISI lowered the firm’s price target on APA Corp. (APA) to $16 from $21 and keeps an In Line rating on the shares. Cost-cutting initiatives have delivered “impressive results” and a strategic focus on cost efficiency and asset optimization is paying off, positioning the company as a strong player in the E&P sector despite the broader market challenges, the analyst tells investors.
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Read More on APA:
- Sell Rating for APA: Operational Costs and Financial Risks Overshadow Recent Gains
- APA’s Strong Performance and Cost-Cutting Measures Drive Positive Outlook, But Hold Rating Reflects Caution Amid Long-Term Uncertainties
- APA Corp. reports Q3 adjusted EPS 93c, consensus 79c
- APA Corp. reports Q3 production 464,000 BOE per day
- APA Corp. now sees run rate savings of $350M by end of 2025