Analysts Cite Return-of-Capital and Egyptian Gas Growth as Catalysts for APA (APA)

APA Corporation (NASDAQ:APA) ranks among the best cheap rising stocks to invest in now. On September 12, Benchmark reaffirmed its $33 price target and Buy rating on APA Corporation (NASDAQ:APA), pointing to notable advancements in the company’s operations. According to the firm, APA’s performance has improved since issues that had previously hampered it last year have either stabilized or reversed.

Notably, over the past three months, APA Corporation (NASDAQ:APA) shares have increased significantly, surpassing the energy sector benchmarks XLE and XOP.

The company’s return-of-capital initiatives, exploration activities, Egyptian gas production growth, and operational expenditure savings are some of the elements that Benchmark believes could function as catalysts for APA’s ongoing expansion.

APA Corporation (NASDAQ:APA) is an independent energy company headquartered in Houston, Texas, that explores and produces natural gas, crude oil, and natural gas liquids.

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Disclosure: None. This article is originally published at Insider Monkey.