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 modelApache Corporation ( APA) pushed the Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day up 0.5%. By the end of trading, Apache Corporation rose $1.63 (1.9%) to $86.52 on average volume. Throughout the day, 3,341,757 shares of Apache Corporation exchanged hands as compared to its average daily volume of 3,651,100 shares. The stock ranged in a price between $85.29-$86.92 after having opened the day at $85.50 as compared to the previous trading day's close of $84.89. Other companies within the Basic Materials sector that increased today were: Prospect Global Resources ( PGRX), up 19.0%, Golden Minerals ( AUMN), up 18.5%, Pacific Booker Minerals ( PBM), up 15.6% and Zion Oil & Gas ( ZN), up 11.1%.
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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 $33.4 billion and is part of the energy industry. The company has a P/E ratio of 18.2, above the S&P 500 P/E ratio of 17.7. Shares are up 8.1% year to date as of the close of trading on Friday. Currently there are 12 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 buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.