$APA

Susquehanna Adjusts Price Target on APA to $47 From $45, Maintains Positive Rating

APA (APA) has an average rating of hold and mean price target of $42.80, according to analysts polled by FactSet.

JPMorgan Adjusts Price Target on APA to $41 From $36, Maintains Neutral Rating

APA (APA) has an average rating of hold and mean price target of $42.60, according to analysts polled by FactSet.

Bernstein Adjusts Price Target on APA to $37 From $40, Maintains Market Perform Rating

APA (APA) has an average rating of hold and mean price target of $42.60, according to analysts polled by FactSet.

APA Q2 Adjusted Earnings, Revenue Increase

APA (APA) reported adjusted Q2 earnings late Wednesday of $1.89 per diluted share, up from $0.87 a year earlier.Analysts polled by FactSet expected $1.90.Revenue for the quarter ended June 30 was $2.37 billion, up from $2.18 billion a year ago. Analysts expected $2.46 billion.

Earnings Flash (APA) APA Posts Q2 Adjusted EPS $1.89, vs. FactSet Est of $1.90

Earnings Flash (APA) APA Posts Q2 Revenue of $2.37B, vs. FactSet Est of $2.46B

Goldman Sachs Adjusts Price Target on APA to $31 From $32, Maintains Sell Rating

APA (APA) has an average rating of hold and mean price target of $42.36, according to analysts polled by FactSet.

Market Chatter: Permian Gas Bottleneck Threatens Producers as Drilling Outpaces Pipeline Capacity

Higher oil prices earlier this year prompted Permian Basin producers to boost oil output, generating more byproduct natural gas than pipelines could handle and forcing companies to pay buyers to take the gas, according to a report from The Wall Street Journal on Wednesday.First-half Permian gas prices averaged negative $2.19 per million British thermal units, while Diamondback Energy (FANG) said its gas sales averaged negative $2.15 per thousand cubic feet during the second quarter despite strong oil prices, and Devon Energy (DVN) and APA (APA) curtailed output.Some companies have instead looked for ways to use more gas within the basin. Matador Resources (MTDR) has expanded the use of its own gas to power drilling operations, while Chevron (CVX) plans to build a gas-fired power plant in West Texas to supply electricity to a nearby Microsoft data center.Diamondback Energy, Devon Energy, APA, Matador Resources, and Chevron did not immediately reply to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumors and speculation. Accuracy is not guaranteed.)Price: $204.44, Change: $+4.64, Percent Change: +2.32%

Susquehanna Adjusts Price Target on APA to $45 From $47, Maintains Positive Rating

APA (APA) has an average rating of hold and mean price target of $42.44, according to analysts polled by FactSet.

Citigroup Adjusts Price Target on APA to $38 From $44, Maintains Neutral Rating

APA (APA) has an average rating of hold and mean price target of $42.44, according to analysts polled by FactSet.

Stephens Adjusts Price Target on APA to $43 From $47, Maintains Equalweight Rating

APA (APA) has an average rating of hold and mean price target of $42.68, according to analysts polled by FactSet.

UBS Cuts APA Price Target to $41 From $45, Maintains Neutral Rating

APA (APA) has an average rating of hold and mean price target of $42.96, according to analysts polled by FactSet.Price: $34.34, Change: $-0.19, Percent Change: -0.55%

Energy Stocks Remain Undervalued Despite Long-Term Oil, Gas Outlook, UBS Says

UBS maintained a positive long-term outlook for crude oil and natural gas, saying energy stocks remain undervalued despite improving commodity fundamentals, the firm said in a note on Monday.UBS continues to expect stronger 2027 crude oil and natural gas prices than implied by current forward strips of $71 per barrel for West Texas Intermediate and $3.35 per million British thermal units for Henry Hub.The firm assessed producers across scenarios ranging from $55-$65/bbl Brent, $51-$81/bbl WTI and $2.75-$4.25/MMBtu Henry Hub.Using an 8% free cash flow-to-enterprise value yield and a 5.5x enterprise value-to-EBITDA sector midpoint, UBS estimates exploration and production stocks currently reflect $60 WTI and $3.50 Henry Hub for 2027.Under a $75 Brent and $3.75 Henry Hub scenario, oil producers would generate an average 12.2% free cash flow-to-enterprise value yields and trade at 3.9x enterprise value-to-EBITDA.Gas producers, excluding Comstock Resources (CRK), would generate an average 11.5% free cash flow-to-enterprise value yield and trade at 4.6x enterprise value-to-EBITDA, UBS said.The same commodity deck would leave year-end 2027 net debt-to-EBITDA at about 0.2x to 0.3x if companies maintain current capital return programs.UBS said those valuations remain below the historical 4.5x to 6.5x range, implying more than 20% upside to the 5.5x midpoint.A $10/bbl move in crude oil and a $0.50/MMBtu change in Henry Hub prices would shift average free cash flow-to-enterprise value yields by 450 to 480 basis points.Enterprise value-to-EBITDA multiples could move 0.5x to 0.7x or more, particularly for gas producers, UBS said.UBS kept capital spending and production assumptions unchanged, although WTI prices below $60/bbl and Henry Hub prices below $3/MMBtu would likely prompt exploration and production companies to reduce both investment and output.Since the conflict began, the S&P 500 Energy Index has gained 1.3% but has trailed the broader S&P 500 by 8%. During the same period, front-month WTI has risen 16%, the 2027 WTI forward strip has gained 15%, while the 2027 Henry Hub strip has fallen 10.3%, UBS said.UBS said energy-sector valuations have weakened since the conflict began despite stronger long-term oil prices, with APA (APA) and Chord Energy (CHRD) leading gains, while Comstock Resources, Weatherford International (WFRD) and Gulfport Energy (GPOR) have posted the weakest performance.UBS continues to favor Ovintiv (OVV), Devon Energy (DVN) and Antero Resources (AR) among exploration and production companies, while National Energy Services Reunited remains its top oilfield services pick.Price: $12.87, Change: $-0.37, Percent Change: -2.79%

BMO Capital Adjusts Price Target on APA to $42 From $45, Maintains Market Perform Rating

APA (APA) has an average rating of hold and mean price target of $42.96, according to analysts polled by FactSet.

JPMorgan Adjusts Price Target on APA to $36 From $41, Maintains Neutral Rating

APA (APA) has an average rating of hold and mean price target of $42.96, according to analysts polled by FactSet.

Raymond James Adjusts Price Target on APA to $50 From $57, Maintains Outperform Rating

APA (APA) has an average rating of hold and mean price target of $42.96, according to analysts polled by FactSet.

Truist Securities Adjusts Price Target on APA to $38 From $39

APA (APA) has an average rating of hold and mean price target of $43.44, according to analysts polled by FactSet.

Goldman Sachs Adjusts Price Target on APA to $32 From $34, Maintains Sell Rating

APA (APA) has an average rating of hold and mean price target of $44.04, according to analysts polled by FactSet.

Morgan Stanley Adjusts Price Target on APA to $41 From $44, Maintains Underweight Rating

APA (APA) has an average rating of hold and mean price target of $44.24, according to analysts polled by FactSet.Price: $33.16, Change: $-0.26, Percent Change: -0.78%

APA Shares Rise After Upgrade From Roth Capital Partners

APA (APA) shares were up more than 3% in Monday trading after Roth Capital Partners upgraded the company's stock to buy from neutral and raised its price target to $38 from $37.Trading volume stood at about 4 million shares against a daily average of roughly 7.3 million.Price: $34.04, Change: $+1.01, Percent Change: +3.06%