JP Morgan Expects Solid Q1 Oil Output For APA, But Sees March Shut-Ins To Impact Volumes Slightly

JP Morgan analyst Arun Jayaram expects a strong first-quarter result for APA Corporation (NASDAQ:APA). The analyst expects overall volumes to align with the company’s guidance and sees financial results slightly ahead of Street expectations. Jayaram forecasts adjusted oil production at 398 MBoe/d,…