03:05 AM EDT, 08/08/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

Our 12-month target of $22, up $3, reflects a 2.8x multiple of enterprise value to projected 2026 EBITDA, below APA's historical forward average. We think the discount is reasonable in light of APA's twin challenges of high debt levels and low reserve life, compounded by a somewhat tepid price environment for crude oil. To be fair, APA is making headway on debt levels (net debt is down $1.4B, to $4.4B, in just three months), and its cost-cutting efforts appear to be bearing fruit. We lift our 2025 EPS estimate by $0.25 to $3.29, and 2026's by $0.42 to $3.31. The company has growth potential with the Permian Basin in the short term, and with Suriname in the long term. APA has pulled in the reins somewhat on Permian capital spending (sensible), and is focusing as well on cost optimization, which we think bodes well. Tactically, production is shifting a bit towards natural gas, which seems reasonable, but we do see some risk of natural gas prices under-shooting elevated forecasts.