Among the biggest risers on the S&P 500 on Friday December 06 was Apache Corporation ($APA), popping some 7.59% to a price of $19.99 a share with some 10.04 million shares trading hands.
Starting the day trading at $18.50, Apache Corporation reached an intraday high of $20.17 and hit intraday lows of $18.33. Shares gained $1.41 apiece by day’s end. Over the last 90 days, the stock’s average daily volume has been n/a of its 376.04 million share total float. Today’s action puts the stock’s 50-day SMA at $n/a and 200-day SMA at $n/a with a 52-week range of $18.33 to $38.12.
Apache, based in Houston, is one of the largest independent exploration and production companies in the world. Its asset base includes conventional and unconventional resource plays throughout North America as well as oil and gas projects in Egypt and the North Sea. At year-end 2018, proved reserves totaled 1.2 billion barrels of oil equivalent, with net production of 466 mboe/d. Liquids (oil and natural gas liquids) made up 66% of production and proved reserves.
Apache Corporation has its corporate headquarters located in Houston, TX and employs 3,420 people. Its market cap has now risen to $7.52 billion after today’s trading, its P/E ratio is now n/a, its P/S n/a, P/B 1.19, and P/FCF n/a.
The Dow Jones Industrial Average (DJIA) is the most visible stock index in the United States, but that doesn’t make it the best. In fact, the industry standard for market watchers and institutional investors in gauging portfolio performance is the S&P 500.
The DJIA relies on just 30 stocks as a sample of large- and mega-cap firms, dwarfed by the 500 contained in the S&P 500, and it also weights its returns using an outdated and flawed price-weighting method. The S&P 500’s weighting is based on market cap, making it a much better representation of actual market performance for large- and mega-cap stocks.
