- APA has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $285.3 million.
- APA has traded 1.9 million shares today.
- APA is trading at 1.51 times the normal volume for the stock at this time of day.
- APA crossed above its 200-day simple moving average.
'Storm the Castle' stocks are worth watching because trading stocks that begin to experience a breakout can lead to potentially massive profits. Once psychological and technical resistance barriers like the 200-day moving average are breached on higher than normal relative volume, the stock is then free to find new buyers and momentum traders who can ultimately push the stock significantly higher. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize on. In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success. EXCLUSIVE OFFER: Get the inside scoop on opportunities in APA with the Ticky from Trade-Ideas. See the FREE profile for APA NOW at Trade-Ideas More details on APA: 06/11/2010 APA revenues are 74% from Oil, 19% from North American Gas, and 7% from International Gas. About 20% of their assets are U.S. Gulf Coast, and about half of that is deepwater. The stock currently has a dividend yield of 1.2%. APA has a PE ratio of 10.5. Currently there are 13 analysts that rate Apache Corporation a buy, no analysts rate it a sell, and 10 rate it a hold. The average volume for Apache Corporation has been 2.6 million shares per day over the past 30 days. Apache has a market cap of $33.3 billion and is part of the basic materials sector and energy industry. The stock has a beta of 1.77 and a short float of 1.5% with 1.77 days to cover. Shares are down 3% year-to-date as of the close of trading on Tuesday. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. TheStreetRatings.com Analysis: TheStreet Quant Ratings rates Apache Corporation as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and a generally disappointing performance in the stock itself. Highlights from the ratings report include:
- APA's debt-to-equity ratio is very low at 0.29 and is currently below that of the industry average, implying that there has been very successful management of debt levels.
- APACHE CORP has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, APACHE CORP increased its bottom line by earning $5.48 versus $4.91 in the prior year. This year, the market expects an improvement in earnings ($7.05 versus $5.48).
- The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Oil, Gas & Consumable Fuels industry. The net income has significantly decreased by 74.0% when compared to the same quarter one year ago, falling from $668.00 million to $174.00 million.
- Net operating cash flow has significantly decreased to -$5,276.00 million or 353.41% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
- You can view the full Apache Corporation Ratings Report.
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.