Apache Corporation (NYSE:APA) hit a new 52-week low Tuesday as it is currently trading at $71.92, below its previous 52-week low of $72.20 with 773,723 shares traded as of 10:10 a.m. ET. Average volume has been 3.4 million shares over the past 30 days.
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 $71.92, below its previous 52-week low of $72.20 with 773,723 shares traded as of 10:10 a.m. ET. Average volume has been 3.4 million shares over the past 30 days. Apache has a market cap of $29.42 billion and is part of the basic materials sector and energy industry. Shares are down 4.3% 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 15.3, 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 revenue growth, attractive valuation levels 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. See all 52-week low stocks or get investment ideas from our investment research center. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.