NEW YORK (
) hit a new 52-week high Monday as it traded at $127.81 compared with its previous 52-Week high of $127.73. Apache is changing hands at $127.78 with 609,697 shares traded as of 10:46 a.m. ET. Average volume has been 3.8 million shares over the past 30 days.
Apache has a market cap of $47.8 billion and is part of the
industry. Shares are up 5.6% year to date as of the close of trading on Friday.
Apache Corporation, together with its subsidiaries, engages in the exploration, development, and production of natural gas, crude oil, and natural gas liquids. The company has a P/E ratio of 14.8, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 16.2.
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TheStreet Ratings rates Apache as a buy. 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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