
APA Corporation (APA) Stock Forecast & Price Target
APA Corporation (APA) Analyst Ratings
Bulls say
The positive outlook for APA Corp's stock is supported by a recent agreement in Egypt that raises the contractual price for incremental natural gas production, enhancing the economic competitiveness of gas development. Additionally, improved natural gas price realizations stemming from significantly higher WAHA pricing and total production increases from the Alpine High and Egypt operations contribute to the company's favorable performance. The company's efficient use of fresh water and recycled water, along with a streamlined corporate structure, positions APA to align more closely with its exploration and production peers moving forward.
Bears say
The analysis indicates a notable decrease in APA Corp's 4Q24 EPS and CFPS estimates, reflecting a $0.02 and $0.01 drop, respectively, primarily due to lower-than-anticipated gas marketing revenue and overall well performance concerns. Although production estimates align with consensus expectations, revenues generated from leveraging third-party Waha gas fell short of prior projections, signifying a potential revenue weakness. Additionally, heightened geopolitical risks linked to its international operations further exacerbate the uncertainties surrounding APA's ongoing operational effectiveness and financial stability, suggesting a challenging environment ahead.
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
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