RBC Raises APA Corp (APA) Price Target as Operational Stability Improves

Core Insights - APA Corporation (NASDAQ:APA) is recognized for having one of the lowest forward PE ratios among stocks, indicating potential value [1] - RBC Capital has raised its price target for APA Corporation to $26 from $25, maintaining a Sector Perform rating, citing improved operational stability and results [1] - The company has exceeded its cost reduction expectations, achieving $300 million in realized savings year-to-date and projecting ongoing savings of $350 million by the end of fiscal 2025 [2] Company Overview - APA Corporation is an independent energy company engaged in oil and gas production in the United States, Egypt, and the United Kingdom, with offshore exploration activities in Suriname [3] Future Catalysts - RBC Capital has identified several future catalysts for APA Corporation, including a planned Permian inventory and an economic report expected during the fourth quarter 2025 earnings call, which is anticipated to be positively received by the market [2]