Much of the week's loss came before the company announced Thursday that it had boosted its profits to $39.1 million in 2012 from $31.7 million in 2011. Apco produced more oil and gas and received better prices last year than it did the year before.
APAGF shares remain down about 80 percent from their year-ago price, mainly due to political issues in Argentina, where it operates.
CEO Ralph Hill said those political concerns didn't affect the company's bottom line, and expressed hope “that the business and political climate will improve to provide the conditions necessary to encourage further growth in Argentina.”
Eagle & Beagle is a weekly look at the state's high-performing (eagle) and low-performing (beagle) stocks by Business Editor Don Mecoy.