APA Corp. price target raised to $53 from $52 at Wells Fargo

Wells Fargo raised the firm’s price target on APA Corp. to $53 from $52 and keeps an Overweight rating on the shares. The firm says upward revisions to its second half of 2023 and 2024 oil decks result in increased earnings estimates to a majority of its oil coverage. In addition, Wells’ downwardly revised gas deck resulted in lower estimates across most of its gas coverage in 2025.