) 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:
), up 86.9%,
), up 16.7%,
), up 15.5%, and
), up 12.8%.
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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 $32.94 billion and is part of the
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
. 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.
- You can view the full Apache Ratings Report.
On the negative front,
), down 29.2%,
), down 25%,
), down 18.6%, and
), down 15.7%, were all losers within the basic materials sector with
) being today's basic materials sector loser.
- Use our basic materials section to find sector-relevant news.
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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.