Michael McAllister

MUFG’s Michael McAllister believes Apache Corporation (NYSE: APA)'s “new position in the Permian Basin could become one of the key drivers of the company’s future growth.” McAllister initiated coverage of the company with a Neutral rating and price target of $64. Strong...

MUFG’s Michael McAllister believes the pending purchase by SM Energy Co (NYSE: SM) of Midland Basin acreage in Howard County provides a re-rate catalyst. McAllister upgraded the rating on the company from Underweight to Neutral, while raising the price target from $16 to $36. “In our...