APA Corp. (APA) PT Lowered to $38 at Truist Securities

Truist Securities analyst Gabe Daoud lowered the price target on APA Corp. (NASDAQ: APA) to $38.00 (from $39.00) while maintaining a Hold rating.

The analyst commented: "2Q26 Preview and Model Update for Supplemental Items; We update our model ahead of 2Q results and expect a fairly upbeat print with the focus on Suriname/Alaska exploration opportunities alongside continued cap efficiency improvements / cost reductions in the Permian. As typical, APA pre-released realizations and trading P&L with the former largely in-line (as we noted expect some nasty Permian natgas realizations this cycle) and the latter also in-line and delivering a significant ~$350MM gain. We maintain our Hold rating, while revising our PT to $38 from $39."

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