Heavy resistance is just above here. APA is a sell now on those exaggerated targets. I haven't read the reports, but I wonder if those are very long term targets that give the analysts plenty of time to rachet those targets down --- perhaps after institutional owners lighten up on their positions.
I covered part of my short (1/4) but am holding short and may even add on this afternoon bounce. My guess is that there is or will be institutional selling following the announcement of a much higher target. Strategic purchase can mean lots of things and have lots of time frames, but the phrase is impressive, isn't it?