Barclays has adjusted its outlook for APA Corp. (APA, Financial), revising the stock's price target from $25 down to $19 while maintaining an Equal Weight rating. This decision comes as part of a first-quarter preview focusing on the broader environment for integrated oil, exploration, and production sectors.
The current quarter's emphasis is expected to be on macroeconomic influences, particularly how companies with robust balance sheets and low break-even costs can navigate a climate of reduced oil prices more effectively. Barclays has updated its oil price forecasts for the coming years, projecting prices of $60 per barrel for 2025 and $65 for 2026. This revision reflects the ongoing uncertainties in global oil markets.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 26 analysts, the average target price for APA Corp (APA, Financial) is $23.87 with a high estimate of $36.00 and a low estimate of $14.00. The average target implies an upside of 50.53% from the current price of $15.86. More detailed estimate data can be found on the APA Corp (APA) Forecast page.
Based on the consensus recommendation from 29 brokerage firms, APA Corp's (APA, Financial) average brokerage recommendation is currently 2.9, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for APA Corp (APA, Financial) in one year is $28.35, suggesting a upside of 78.75% from the current price of $15.86. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the APA Corp (APA) Summary page.
