RBC Raises APA Corp (APA) Price Target as Operational Stability Improves

APA Corporation (NASDAQ:APA) ranks among the stocks with the lowest forward PE ratios. On January 26, RBC Capital boosted its price target for APA Corporation (NASDAQ:APA) to $26 from $25, retaining a Sector Perform rating on the company’s shares. The firm claimed improved results in recent quarters, which is likely to persist, and stated that the company is “turning the ship” with more operational stability.

RBC Capital identified numerous future catalysts for APA Corporation (NASDAQ:APA), including a planned Permian inventory and an economic report anticipated for the fourth quarter 2025 earnings call, which RBC believes will be welcomed by the market.

APA Corporation (NASDAQ:APA) has surpassed its cost reduction expectations, generating $300 million in realized savings year-to-date, and now expects to achieve $350 million in ongoing savings by the end of fiscal 2025, well ahead of its schedule.

APA Corporation (NASDAQ:APA) is an independent energy company with oil and gas production in the United States, Egypt, and the United Kingdom, along with offshore exploration exposure in Suriname.

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Disclosure: None. This article is originally published at Insider Monkey.