Wells Fargo Reaffirms Their Hold Rating on APA (APA)
Wells Fargo analyst Roger Read maintained a Hold rating on APA today and set a price target of $21.00.
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According to TipRanks, Read is a 3-star analyst with an average return of 1.6% and a 52.44% success rate. Read covers the Energy sector, focusing on stocks such as Occidental Petroleum, Marathon Petroleum, and EOG Resources.
In addition to Wells Fargo, APA also received a Hold from RBC Capital’s Scott Hanold in a report issued yesterday. However, today, William Blair maintained a Buy rating on APA (NASDAQ: APA).
Based on APA’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.12 billion and a net profit of $205 million. In comparison, last year the company earned a revenue of $2.53 billion and had a GAAP net loss of $223 million
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- APA Corp. price target lowered to $21 from $23 at Morgan Stanley
- Balanced Risk-Reward at APA: Weaker Permian and Declining Legacy Oil Offset by Egyptian Gas Stability and Long-Dated Suriname Upside, Supporting a Hold Rating
- APA Corp. downgraded to Underweight from Equal Weight at Barclays
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