APA resumed at Overweight at Wells Fargo as Suriname, JVs offer 'free option'

seekingalpha04-25

APA Corp. (NASDAQ:APA) -0.4% in Wednesday's trading as Wells Fargo resumes coverage with an Overweight rating and $55 price target, seeing the stock as "a great way to get long-duration oil exposure."...

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(NASDAQ:APA) -0.4% in Wednesday's trading as Wells Fargo resumes coverage with an Overweight rating and $55 price target, seeing the stock as \"a great way to get long-duration oil exposure.\"...</p>\n\n<a href=\"https://seekingalpha.com/news/4093527-apa-resumed-at-overweight-at-wells-fargo-as-suriname-jvs-offer-free-option\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>APA resumed at Overweight at Wells Fargo as Suriname, JVs offer 'free option'</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAPA resumed at Overweight at Wells Fargo as Suriname, JVs offer 'free option'\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-25 01:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4093527-apa-resumed-at-overweight-at-wells-fargo-as-suriname-jvs-offer-free-option><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>APA Corp. (NASDAQ:APA) -0.4% in Wednesday's trading as Wells Fargo resumes coverage with an Overweight rating and $55 price target, seeing the stock as \"a great way to get long-duration oil exposure.\"...</p>\n\n<a href=\"https://seekingalpha.com/news/4093527-apa-resumed-at-overweight-at-wells-fargo-as-suriname-jvs-offer-free-option\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0208291251.USD","symbol_name":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","start_time":0,"source_url":"https://seekingalpha.com/news/4093527-apa-resumed-at-overweight-at-wells-fargo-as-suriname-jvs-offer-free-option","article_id":"2430467494","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1161679863/image_1161679863.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2430467494","pubTimestamp":1713980837,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"APA Corp.  -0.4% in Wednesday's trading as Wells Fargo resumes coverage with an Overweight rating and $55 price target, seeing the stock as \"a great way to get long-duration oil exposure.\" APA's  diversified portfolio in the U.S. Lower 48, Egypt, North Sea, Alaska and Suriname, as well as commodity mix, enables the company to maintain flexibility to re-allocate capital within the portfolio in response to commodity price opportunity globally, according to analyst Roger Read, who adds the company is committed to returning 60%-plus of free cash flow to shareholders through the base dividend and share buybacks. 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APA Corp.: Stronger ","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","BK4585":"ETF&股票定投概念","LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","APA.AU":"APA GROUP","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","LU0251142724.SGD":"Fidelity America A-SGD","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","LU0106831901.USD":"贝莱德世界金融基金A2","LU0175139822.USD":"AB FCP I Global Equity Blend A USD","BK4559":"巴菲特持仓","BK4501":"段永平概念","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU2236285917.USD":"ALLIANZ GLOBAL INCOME \"AMG\" (USD) INC","BK4588":"碎股","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","LU0971096721.USD":"富达环球金融服务 A","BK4207":"综合性银行","BK7148":"燃气公用事业","LU0149725797.USD":"汇丰美国股市经济规模基金","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","BK4504":"桥水持仓","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","APA":"阿帕契","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","BK4213":"石油与天然气的勘探与生产","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD"},"translate_title":"富国银行在跑赢大盘恢复APA，苏里南，合资企业提供“自由选择”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"APA.AU":1,"APA":1},"content_text":"APA Corp. (NASDAQ:APA) -0.4% in Wednesday's trading as Wells Fargo resumes coverage with an Overweight rating and $55 price target, seeing the stock as \"a great way to get long-duration oil exposure.\" APA's (APA) diversified portfolio in the U.S. Lower 48, Egypt, North Sea, Alaska and Suriname, as well as commodity mix, enables the company to maintain flexibility to re-allocate capital within the portfolio in response to commodity price opportunity globally, according to analyst Roger Read, who adds the company is committed to returning 60%-plus of free cash flow to shareholders through the base dividend and share buybacks. Despite the absence of notable enhancement in asset quality and inventory depth resulting from the recent acquisition of Callon Petroleum, Read maintains a favorable view of the deal due to prudent pricing and conservative synergy projections, while APA's (APA) Suriname and recent Alaska joint ventures \"offer a free option embedded in APA shares.\"  More on APA Corp.  APA Corp.: Stronger Oil Prices Provide New Catalysts APA Corp. Stock Looks Cheap, Is It Paying Too Much For Callon Petroleum? APA Corp. 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