Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
) pushed the Energy industry lower today making it today's featured Energy laggard. The industry as a whole closed the day up 0.4%. By the end of trading, Apache Corporation fell $1.52 (-1.8%) to $81.85 on average volume. Throughout the day, 4,875,054 shares of Apache Corporation exchanged hands as compared to its average daily volume of 3,574,300 shares. The stock ranged in price between $80.74-$81.88 after having opened the day at $81.09 as compared to the previous trading day's close of $83.37. Other companies within the Energy industry that declined today were:
), down 9.1%,
), down 8.9%,
), down 7.3% and
), down 5.0%.
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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 $33.1 billion and is part of the basic materials sector. The company has a P/E ratio of 18.0, above the S&P 500 P/E ratio of 17.7. Shares are up 7.5% year to date as of the close of trading on Wednesday. Currently there are 11 analysts that rate Apache Corporation a buy, no analysts rate it a sell, and 11 rate it a hold.
TheStreet Ratings rates Apache Corporation as a
. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself.
- You can view the full Apache Corporation Ratings Report.
On the positive front,
), down 58.7%,
), down 52.9%,
), down 21.6% and
), down 7.8% , were all gainers within the energy industry with
) being today's featured energy industry leader.
- Use our energy section to find industry-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 energy industry could consider
) while those bearish on the energy industry could consider
- Find other investment ideas from our top rated ETFs lists.
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