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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.