NEW YORK (
) hit a new 52-week high Friday as it is currently trading at $132.53, above its previous 52-week high of $132.50 with 1.5 million shares traded as of 11:26 a.m. ET. Average volume has been 3.5 million shares over the past 30 days.
Apache has a market cap of $48.6 billion and is part of the
industry. Shares are up 9% year to date as of the close of trading on Thursday.
Apache Corporation, together with its subsidiaries, operates as an independent energy company. It engages in the exploration, development, and production of natural gas, crude oil, and natural gas liquids (NGLs). The company has a P/E ratio of 15, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.
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TheStreet Ratings rates Apache as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, expanding profit margins, good cash flow from operations and growth in earnings per share. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full
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