My initial valuation of APA is $50 per share. My forecast/valuation model for APA has been posted to the EPG website.
TipRanks: "In the last 3 months, 17 ranked analysts set 12-month price targets for APA. The average price target among the analysts is $42.18. The 17 price targets range from $35 to $61 by Neal Dingmann at Truist Financial.
APA Corp. (APA)
APA Corp. (APA)
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: APA Corp. (APA)
Hi Dan,
do you have a Capex estimate for APA for 2024?
Regards,
Klaus
do you have a Capex estimate for APA for 2024?
Regards,
Klaus
Re: APA Corp. (APA)
They have not announced their 2024 capex program. My guess is that it will be within the range of $2.0 to $2.5 billion. So, according to my forecast, free cash flow should be close to $2 billion, $5.30 per share.
Keep in mind that my forecast does not give any value for APA's world class projects that won't come online during the forecast period.
Keep in mind that my forecast does not give any value for APA's world class projects that won't come online during the forecast period.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
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Re: APA Corp. (APA)
APA
I hope Neal Dingbat is right! I guess we need to wait for the second quarter unless the war erupts. It is hard to wrk against the administration!
Marc Wolin
I hope Neal Dingbat is right! I guess we need to wait for the second quarter unless the war erupts. It is hard to wrk against the administration!
Marc Wolin