Goldman Sachs Positive On Apache (APA) Ahead of Analyst Meeting
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Price: $43.39 -2.25%
Rating Summary:
20 Buy, 25 Hold, 5 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
20 Buy, 25 Hold, 5 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Goldman Sachs reiterated the Buy rating and $155 price target on Apache Corp. (NYSE: APA) ahead of the company's May 17 analyst meeting, which will provide greater clarity regarding its drilling inventory company-wide.
The firm said improved confidence in the company's more visible North American production growth potential is a catalyst for multiple expansion. An expected increase in capex has already been foreshadowed by the Street, Goldman said.
For more ratings news on Apache Corp. click here and for the rating history of Apache Corp. click here.
Shares of Apache Corp. closed at $124.25 yesterday.
The firm said improved confidence in the company's more visible North American production growth potential is a catalyst for multiple expansion. An expected increase in capex has already been foreshadowed by the Street, Goldman said.
For more ratings news on Apache Corp. click here and for the rating history of Apache Corp. click here.
Shares of Apache Corp. closed at $124.25 yesterday.
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