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Fly News Breaks for June 11, 2018
APA
Jun 11, 2018 | 08:34 EDT
As reported earlier, Argus analyst Bill Selesky upgraded Apache to Buy from Hold with a $56 price target, citing the impact of rising crude oil prices as well as the management's strategy of allocating nearly 70% of its FY18 capital spending program to production in the Permian basin. The analyst anticipates strong growth for Apache this year based on its plans to operate 13-15 rigs in the Permian, with added earnings benefits coming from the company's efforts to reduce costs and debt. Selesky also raises his FY18 EPS view to $1.60 from $1.30.
News For APA From the Last 2 Days
APA
Apr 24, 2024 | 09:36 EDT
