Benchmark Maintains Buy Rating for APA: Here's What You Need To Know

Benchmark has decided to maintain its Buy rating of APA APA and lower its price target from $46.00 to $43.00.

Shares of APA are trading down 0.38% over the last 24 hours, at $36.78 per share.

A move to $43.00 would account for a 16.91% increase from the current share price.

About APA

Based in Houston, APA is an independent exploration and production company. It operates primarily in the U.S., Egypt, the North Sea, and Suriname. At year-end 2022, proved reserves totaled 890 million barrels of oil equivalent, with net reported production of 400 thousand boe/day that year (64% of which was oil and natural gas liquids, with the remainder natural gas).

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in Benzinga Pro.

This article was generated by Benzinga's automated content engine and reviewed by an editor.