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Topic: Growth Stocks

APACHE CORP. $72 – New York symbol APA

APACHE CORP. $72 (New York symbol APA; Aggressive Growth Portfolio, Resources sector; Shares outstanding: 376.8 million; Market cap: $27.1 billion; Price-to-sales ratio: 1.9; Dividend yield: 1.4%; TSINetwork Rating: Average; www.apachecorp.com) is selling some of its less important oil and gas properties in Texas and Oklahoma.

It will receive $1.4 billion when it completes the sale by the end of 2014. To put that in context, Apache earned $528 million, or $1.38 a share, in the three months ended September 30, 2014.

The company will probably invest the cash in its more promising shale oil properties in the U.S. Apache is a hold.

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