Apache Corporation (APA): Today's Featured Basic Materials Winner

Apache Corporation was a winner within the basic materials sector, rising $1.29 (1.6%) to $83.60 on light volume
By TheStreet Wire ,

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.

Apache Corporation

(

APA

) pushed the Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day up 0.6%. By the end of trading, Apache Corporation rose $1.29 (1.6%) to $83.60 on light volume. Throughout the day, 2,797,765 shares of Apache Corporation exchanged hands as compared to its average daily volume of 3,735,400 shares. The stock ranged in a price between $82.47-$83.68 after having opened the day at $82.51 as compared to the previous trading day's close of $82.31. Other companies within the Basic Materials sector that increased today were:

Pacific Booker Minerals

(

PBM

), up 16.0%,

James River Coal Company

(

JRCC

), up 12.5%,

Aegean Marine Petroleum Network

(

ANW

), up 11.4% and

Walter Energy

(

WLT

), up 8.8%.

Apache Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids. Apache Corporation has a market cap of $32.1 billion and is part of the energy industry. Shares are up 5.1% year to date as of the close of trading on Wednesday. Currently there are 13 analysts that rate Apache Corporation a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates

Apache Corporation

as a

buy

. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, expanding profit margins, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front,

Crosshair Energy

(

CXZ

), down 22.8%,

Kimber Resources

(

KBX

), down 14.6%,

Methes Energies International

(

MEIL

), down 13.5% and

Sherwin-Williams Company

(

SHW

), down 8.3% , were all laggards within the basic materials sector with

Tesoro Corporation

(

TSO

) being today's basic materials sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider

Materials Select Sector SPDR

(

XLB

) while those bearish on the basic materials sector could consider

ProShares Short Basic Materials Fd

(

SBM

).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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