
APA Corporation (APA) Stock Forecast & Price Target
APA Corporation (APA) Analyst Ratings
Bulls say
APA Corp is poised for a positive growth trajectory due to a recent agreement in Egypt that enhances the economic competitiveness of natural gas exploration and development, leading to increased production opportunities. Additionally, the company has experienced improved natural gas price realizations driven by significantly higher WAHA pricing, alongside stable oil production in the Permian and Egypt, contributing to an overall rise in total production. Furthermore, APA's effective management of fresh water and recycled water usage, with operational efficiencies in flaring intensity comparable to industry peers, combined with ongoing capital investments and a streamlined corporate structure, further support a favorable outlook for the company's performance relative to its exploration and production counterparts.
Bears say
The financial outlook for APA Corp reflects a concerning trend, with a decrease in fourth-quarter 2024 estimates for earnings per share (EPS) and cash flow per share (CFPS) attributed to lower-than-anticipated gas marketing revenue and reduction in revenue from third-party gas arrangements. Additionally, while production levels are projected to meet consensus expectations of 485 Mboe/d, the decline in revenue from gas sales highlights potential operational inefficiencies. Geopolitical risks related to the company's international operations further introduce uncertainty, raising the possibility that underperformance in well outputs could result in shares lagging behind industry peers.
This aggregate rating is based on analysts' research of APA Corporation and is not a guaranteed prediction by Public.com or investment advice.
APA Corporation (APA) Analyst Forecast & Price Prediction
Start investing in APA Corporation (APA)
Order type
Buy in
Order amount
Est. shares
0 shares