Tiger Brokers

BUZZ-Raymond James lifts APA price target to $28, keeps ‘outperform’rating

Reuters
Sep 10
BUZZ-Raymond James lifts APA price target to $28, keeps ‘outperform’rating

** Brokerage Raymond James raises price target on oil and gas producer APA Corp APA.O to $28 from $26, maintains "outperform" rating

** The new target implies a 29.6% upside to the stock’s last close

** Brokerage says the higher PT reflects an improved free cash flow outlook from the impact of the One Big Beautiful Bill Act (OBBBA) on cash taxes and higher estimated savings

** Raymond James believes APA is positioning itself as a capital‑efficient exploration and production company, with long‑term upside from its Permian and Egypt assets and growth potential in Suriname.

** 5 of thirty brokerages rate the stock "buy" or higher, twenty "hold" and 5 "sell"; their median PT is $23 - data compiled by LSEG

** Up to last close, APA down 6.2% YTD

(Reporting by Pranav Mathur in Bengaluru)

((Pranav.Mathur@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10