Apache Corporation (APA): Today's Featured Basic Materials Loser

Apache Corporation ( APA) pushed the Basic Materials sector lower today making it today's featured Basic Materials loser. The sector as a whole closed the day down 1.9%. By the end of trading, Apache Corporation fell $2.90 (-3.1%) to $89.06 on heavy volume. Throughout the day, 4.4 million shares of Apache Corporation exchanged hands as compared to its average daily volume of 2.8 million shares. The stock ranged in price between $88.85-$90.82 after having opened the day at $90.73 as compared to the previous trading day's close of $91.96. Other company's within the Basic Materials sector that declined today were: Endeavour International ( END), down 10%, Royale Energy ( ROYL), down 9.6%, Magnum Hunter Resources ( MHR), down 9.4%, and Cal Dive International ( DVR), down 9%.

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 $36.73 billion and is part of the energy industry. The company has a P/E ratio of 8.3, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 1.5% year to date as of the close of trading on Thursday. Currently there are 18 analysts that rate Apache Corporation a buy, no analysts rate it a sell, and three rate it a hold.

TheStreet Ratings rates Apache Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front, Ossen Innovation ( OSN), up 11.1%, Equal Energy ( EQU), up 9.5%, YPF Sociedad Anonima ( YPF), up 8.5%, and Silver Bull Resources ( SVBL), up 8%, were all gainers within the basic materials sector with Kodiak Oil & Gas ( KOG) being today's featured basic materials sector winner.

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).