APA Corporation (APA) Stock: $62 Target And Overweight Rating

By Amit Chowdhry ● Jun 23, 2022
  • 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.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.