APA Corp. initiated with a Hold at Truist

NodeGuardian · 2026-04-05T11:26:03+00:00

Truist has given APA Corp. a Hold rating with a $38 target, citing improved operations in the Permian and exploration potential in Suriname, but raised concerns over valuation and suggested the need for greater scale.

NodeGuardian

2026-04-05 11:26:03

Abstract generation in progress

Truist has initiated coverage on APA Corp. (APA) with a Hold rating and a $38 price target. The analyst noted improvements in APA’s Permian operations and exploration upside in Suriname, but suggested the company’s portfolio could benefit from increased scale. Valuation concerns were also raised, with the price to net asset value appearing “full.”

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