Apache Corporation (APA): Today's Featured Energy Laggard

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

Apache Corporation ( APA) pushed the Energy industry lower today making it today's featured Energy laggard. The industry as a whole was unchanged today. By the end of trading, Apache Corporation fell $1.98 (-2.8%) to $68.84 on heavy volume. Throughout the day, 5,628,324 shares of Apache Corporation exchanged hands as compared to its average daily volume of 3,572,800 shares. The stock ranged in price between $68.57-$71.30 after having opened the day at $71.25 as compared to the previous trading day's close of $70.82. Other companies within the Energy industry that declined today were: GeoGlobal Resources ( GGR), down 25.1%, GeoPetro Resources Company ( GPR), down 12.5%, ZaZa Energy ( ZAZA), down 8.3% and Magnum Hunter Resources Corportion ( MHR), down 7.7%.
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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 $28.0 billion and is part of the basic materials sector. The company has a P/E ratio of 14.5, below the S&P 500 P/E ratio of 17.7. Shares are down 9.8% year to date as of the close of trading on Thursday.

TheStreet Ratings rates Apache Corporation 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.

On the positive front, Recon Technology ( RCON), down 8.2%, New Concept Energy ( GBR), down 7.5%, ECA Marcellus Trust I ( ECT), down 7.4% and Pyramid Oil Company ( PDO), down 6.5% , were all gainers within the energy industry with Petroleo Brasileiro SA Petrobras ( PBR) being today's featured energy industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the energy industry could consider Energy Select Sector SPDR ( XLE) while those bearish on the energy industry could consider Proshares Short Oil & Gas ( DDG).

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