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) pushed the Basic Materials sector lower today making it today's featured Basic Materials laggard. The sector as a whole closed the day down 0.3%. By the end of trading, Apache Corporation fell $1.11 (-1.3%) to $85.14 on light volume. Throughout the day, 2,047,394 shares of Apache Corporation exchanged hands as compared to its average daily volume of 3,310,800 shares. The stock ranged in price between $84.75-$85.59 after having opened the day at $85.43 as compared to the previous trading day's close of $86.25. Other companies within the Basic Materials sector that declined today were:
), down 25.0%,
), down 8.6%,
), down 6.7% and
), down 6.6%.
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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 $33.9 billion and is part of the energy industry. Shares are up 10.8% year to date as of the close of trading on Friday. Currently there are 14 analysts that rate Apache Corporation a buy, no analysts rate it a sell, and 7 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and weak operating cash flow.
- You can view the full Apache Corporation Ratings Report.
On the positive front,
), up 23.7%,
), up 15.4%,
), up 15.4% and
), up 12.9% , were all gainers within the basic materials sector with
) being today's featured basic materials sector leader.
- Use our basic materials section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider
) while those bearish on the basic materials sector could consider
- Find other investment ideas from our top rated ETFs lists.