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

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 0.8%. By the end of trading, Apache Corporation rose 92 cents (1.1%) to $82.25 on average volume. Throughout the day, 4.3 million shares of Apache Corporation exchanged hands as compared to its average daily volume of 3.2 million shares. The stock ranged in a price between $80.67-$82.66 after having opened the day at $81.80 as compared to the previous trading day's close of $81.33. Other companies within the Basic Materials sector that increased today were:

Harvest Natural Resources

(

HNR

), up 86.9%,

Isramco

(

ISRL

), up 16.7%,

Gastar Exploration

(

GST

), up 15.5%, and

Union Drilling

(

UDRL

), up 12.8%.

  • ACTIVE STOCK TRADERS: Check out TheStreet's special offer for Real Money, headlined by Jim Cramer, now!

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 $32.94 billion and is part of the

energy

industry. The company has a P/E ratio of 7.9, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 10.2% year to date as of the close of trading on Thursday. Currently there are 19 analysts that rate Apache Corporation a buy, no analysts rate it a sell, and four rate it a hold.

TheStreet Ratings rates Apache Corporation as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and a generally disappointing performance in the stock itself.

On the negative front,

GeoMet

(

GMET

), down 29.2%,

Cereplast

(

CERP

), down 25%,

Pure Bioscience

(

PURE

), down 18.6%, and

Recovery Energy

(

RECV

), down 15.7%, were all losers within the basic materials sector with

Anglogold Ashanti

(

AU

) being today's basic materials sector loser.

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

).

null