We discussed APA at length on Wednesday, concluding that we remain bullish even after its poor 2024. Interestingly, the brokers have started echoing our thoughts at current levels, with the MM Site showing 5 Buys and 1 Strong Buy out of 11 calls with a mean PT of $8.17. At current levels, APA is our pick in the sector – note APA trades ex-dividend on the 30th December, expecting 27cps.
- We particularly like APA’s more than 8% yield: MM holds it in our Active Income Portfolio.
MM is bullish APA around $7
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