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 closed the day up 0.4%. By the end of trading, Apache Corporation fell $1.52 (-1.8%) to $81.85 on average volume. Throughout the day, 4,875,054 shares of Apache Corporation exchanged hands as compared to its average daily volume of 3,574,300 shares. The stock ranged in price between $80.74-$81.88 after having opened the day at $81.09 as compared to the previous trading day's close of $83.37. Other companies within the Energy industry that declined today were: Recon Technology ( RCON), down 9.1%, Halcon Resources ( HK), down 8.9%, Andatee China Marine Fuel Services Corporat ( AMCF), down 7.3% and Global Geophysical Services ( GGS), down 5.0%.
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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 $33.1 billion and is part of the basic materials sector. The company has a P/E ratio of 18.0, above the S&P 500 P/E ratio of 17.7. Shares are up 7.5% year to date as of the close of trading on Wednesday. Currently there are 11 analysts that rate Apache Corporation a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Apache Corporation as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself.

On the positive front, Torch Energy Royalty ( TRU), down 58.7%, GeoPetro Resources Company ( GPR), down 52.9%, Houston American Energy Corporation ( HUSA), down 21.6% and FX Energy ( FXEN), down 7.8% , were all gainers within the energy industry with BP ( BP) 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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