Truist lowered the firm’s price target on APA Corp. to $52 from $53 and keeps a Buy rating on the shares. The company’s pre-released results showed a three-stream pricing miss vs. consensus estimates, with production guidance also lowered to account for the timing of a divestiture closing and gas/NGL curtailments, the analyst tells investors in a research note. APA’s non-core sales also make operational and financial sense, the firm added.
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