Barclays analyst Betty Jiang maintains $Apache (APA.US)$ with a hold rating, and maintains the target price at $27.
According to TipRanks data, the analyst has a success rate of 43.9% and a total average return of -0.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Apache (APA.US)$'s main analysts recently are as follows:
Analysts noted that APA Corp.'s decision to cease North Sea operations by the end of 2029, in response to the UK's emission regulations, is anticipated to expedite the schedule of the company's abandonment charges following their Q3 report.
APA Corp.'s recent quarterly outcomes have led to a reassessment of the company's valuation due to the financial implications associated with the North Sea abandonment. Despite the negative perception and the substantial reclamation obligations, the cessation of operations in the North Sea was anticipated and holds limited impact on the company's overall valuation. Furthermore, the company's 2025 strategy emphasizes a conservative capital expenditure approach, which is expected to aid in minimizing balance sheet leverage.
Note:
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