Apache Stock Hits New 52-Week Low (APA)

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.

NEW YORK ( TheStreet) -- Apache Corporation (NYSE: APA) hit a new 52-week low Tuesday as it is currently trading at $77.79, below its previous 52-week low of $77.80 with 1.9 million shares traded as of 3:25 p.m. ET. Average volume has been 2.6 million shares over the past 30 days.

Apache has a market cap of $30.74 billion and is part of the basic materials sector and energy industry. Shares are down 13.3% year to date as of the close of trading on Monday.

Apache Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids. The company has a P/E ratio of 12.6, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Apache as a hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full Apache Ratings Report.

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