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Fly News Breaks for September 30, 2019
APA, ALTM
Sep 30, 2019 | 06:27 EDT
Citi analyst Timm Schneider lowered his estimates for Altus Midstream (ALTM) saying the its parent Apache's (APA) heavy reliance on the rich gas Alpine High play is under scrutiny due to the weak gas price environment. He believes this does not bode well for Altus Midstream and lowered his price target for the shares to $3.50 from $5.50 while keeping a Neutral rating on the name.
News For ALTM;APA From the Last 2 Days
APA
Apr 22, 2024 | 07:32 EDT
Susquehanna raised the firm's price target on APA Corp. to $54 from $50 and keeps a Positive rating on the shares. The firm updated its estimates for their E&P sector by lowereing natual gas assumptions and maintaining oil prices. For 2024, they expect companies will continue their maintenance capital programs, while focusing on driving improving well productivity. Susquehanna also expects M&A activity to continue as companies look to shore up inventory positions.
