Susquehanna lowered the firm’s price target on APA Corp. to $53 from $54 and keeps a Positive rating on the shares. The analyst updated estimates for the exploration and production sector ahead of the Q3 reports. The firm maintained its 2024 WTI crude assumption of $80 per barrel while lowering its Henry Hub natural gas price to $3.75/mmbtu from $4. Companies continue with their maintenance capital programs, with improvements in well productivity driving modest production gains, the analyst tells investors in a research note.
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Read More on APA:
- APA Corp. downgraded to Market Perform from Outperform at Bernstein
- APA Corp. price target raised to $50 from $47 at Roth MKM
- APA Corporation Provides Third-Quarter 2023 Supplemental Information and Schedules Results Conference Call for Nov. 2 at 10 a.m. Central Time
- APA Corporation Reduces Methane Emissions by Converting More Than 2,000 Pneumatic Devices in the U.S. to Lower Emitting Technologies
- APA Corp. price target raised to $57 from $55 at BofA