Benchmark reiterates Buy rating on Apache stock, maintains $33 price target

Investing.com

Published Jul 15, 2025 08:31AM ET

Benchmark reiterates Buy rating on Apache stock, maintains $33 price target

Investing.com - Benchmark has reiterated its Buy rating on Apache Corp . (NASDAQ:APA), currently trading at $19.47, while maintaining its price target of $33.00 per share. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value assessment.

The research firm adjusted its second-quarter EBITDA estimate for Apache to $1.20 billion, down from its previous estimate of $1.34 billion.

Benchmark made this adjustment based on supplemental information that Apache provided on July 9, 2025.

The current consensus estimate for Apache's second-quarter EBITDA stands at $1.18 billion, slightly below Benchmark's revised projection.

Despite lowering its EBITDA estimate, Benchmark continues to maintain its positive outlook on Apache stock with the unchanged Buy rating and $33.00 price target. The company trades at an attractive P/E ratio of 7.03 and has maintained dividend payments for 55 consecutive years. Discover more insights about APA with a comprehensive Pro Research Report, available exclusively on InvestingPro .

In other recent news, APA Corporation completed the sale of its New Mexico assets, generating approximately $575 million in net proceeds. This transaction impacted APA's second-quarter production, reducing U.S. output by about 1.8 thousand barrels of oil equivalent per day. Additionally, APA curtailed natural gas and natural gas liquids production due to weak pricing at the Waha hub. The company reported its second-quarter estimated average realized prices, with U.S. oil at $64.85 per barrel and international oil slightly higher at $66.20 per barrel.

In another development, Permian Resources Corporation finalized the acquisition of APA's leasehold and royalty interests in New Mexico, though financial terms were not disclosed. On the analyst front, UBS raised its price target for Apache to $19, maintaining a Neutral rating, while Wolfe Research lowered its target to $34 but kept an Outperform rating. Wolfe Research highlighted Apache's unhedged production as an advantage in the current oil market. Additionally, APA announced the departure of Executive Vice President D. Clay Bretches, marking a significant change in its executive team.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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