- The shares of APA Corporation (NASDAQ: APA) have received a $62 price target from Barclays. These are the details.
The shares of APA Corporation (NASDAQ: APA) have received a $62 price target from Barclays. And Barclays analyst Jeanine Wai increased the price target on APA from $54 while maintaining an “Overweight” rating on the shares.
Wai adjusted the rating while remaining constructive on oil and exploration and production stocks following Barclays’ updated oil price forecast – which is $11 and $23 higher in 2022 and 2023, respectively. And Wai increased the price targets by 18% on average while citing a healthy upside and compelling yield despite secular headwinds.
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