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Fly News Breaks for November 10, 2015
APA
Nov 10, 2015 | 08:07 EDT
RBC Capital believes that the potential takeover offer for Apache indicates that the company's stock is undervalued. The firm does not expect the company to be acquired, as it contends that Apache's strong balance sheet will enable it to fend off any hostile bid and wait for a recovery. However, the firm thinks that Apache is in the process of a turnaround, while its longer term outlook is positive. RBC raised its price target on the name to $62 from $60 and keeps an Outperform rating.
News For 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.
