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Trade-Ideas: Apache Corporation (APA) Is Today's Pre-Market Mover With Heavy Volume Stock

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified Apache Corporation ( APA) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Apache Corporation as such a stock due to the following factors:

  • APA has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $281.4 million.
  • APA traded 419,323 shares today in the pre-market hours as of 8:57 AM, representing 12.6% of its average daily volume.

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More details on APA:

Apache Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids. The stock currently has a dividend yield of 1%. APA has a PE ratio of 12.5. Currently there are 12 analysts that rate Apache Corporation a buy, no analysts rate it a sell, and 11 rate it a hold.

The average volume for Apache Corporation has been 3.4 million shares per day over the past 30 days. Apache has a market cap of $31.0 billion and is part of the basic materials sector and energy industry. The stock has a beta of 1.81 and a short float of 3.2% with 2.02 days to cover. Shares are up 0.1% year to date as of the close of trading on Wednesday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Apache Corporation as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and a generally disappointing performance in the stock itself.

Highlights from the ratings report include:

  • The revenue growth came in higher than the industry average of 10.3%. Since the same quarter one year prior, revenues slightly increased by 4.1%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • The current debt-to-equity ratio, 0.39, is low and is below the industry average, implying that there has been successful management of debt levels. Despite the fact that APA's debt-to-equity ratio is low, the quick ratio, which is currently 0.60, displays a potential problem in covering short-term cash needs.
  • Net operating cash flow has declined marginally to $2,759.00 million or 1.18% when compared to the same quarter last year. Despite a decrease in cash flow APACHE CORP is still fairing well by exceeding its industry average cash flow growth rate of -17.92%.
  • The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. In comparison to the other companies in the Oil, Gas & Consumable Fuels industry and the overall market, APACHE CORP's return on equity is significantly below that of the industry average and is below that of the S&P 500.

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