APA Crosses Below Key Price/Book Valuation Level

In trading on Monday, shares of Apache Corp. ( APA) crossed below their last reported book value — defined as common shareholder equity per share — of $81.65, changing hands as low as $80.62 per share. Apache Corp. shares are currently trading down about 1.5% on the day. The chart below shows the one year performance of APA shares, versus its 50 and 200 day moving averages:

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Apache Corp. Moving Averages Chart

Looking at the chart above, APA's low point in its 52 week range is $67.91 per share, with $94.84 as the 52 week high point — that compares with a last trade of $81.15.

According to the ETF Finder at ETF Channel, APA makes up 5.24% of the iShares U.S. Oil & Gas Exploration & Production ETF ( IEO) which is trading lower by about 1.7% on the day Monday.

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