5 Stocks Pushing The Basic Materials Sector Higher

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

All three major indices are trading up today with the Dow Jones Industrial Average (^DJI) trading up 48 points (0.4%) at 12,859 as of Friday, Nov. 9, 2012, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,662 issues advancing vs. 1,212 declining with 143 unchanged.

The Basic Materials sector currently sits up 0.2% versus the S&P 500, which is up 0.6%. Top gainers within the sector include Pioneer Natural Resources Company (PXD), up 3.3%, Talisman Energy (TLM), up 3.0%, Nexen (NXY), up 2.8%, ArcelorMittal (MT), up 2.4% and Gerdau (GGB), up 1.6%. On the negative front, top decliners within the sector include Enerplus (ERF), down 12.5%, SandRidge Energy (SD), down 7.2%, Enterprise Products Partners (EPD), down 1.9%, Hess (HES), down 1.5% and Marathon Petroleum (MPC), down 1.6%.

TheStreet Ratings group would like to highlight 5 stocks pushing the sector higher today:

5. Energy Transfer Partners L.P (ETP) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Energy Transfer Partners L.P is up $1.05 (2.5%) to $42.50 on average volume Thus far, 1.5 million shares of Energy Transfer Partners L.P exchanged hands as compared to its average daily volume of 2.1 million shares. The stock has ranged in price between $41.30-$42.54 after having opened the day at $41.53 as compared to the previous trading day's close of $41.45.

Energy Transfer Partners, L.P. engages in the natural gas midstream, and intrastate transportation and storage businesses in the United States. Energy Transfer Partners L.P has a market cap of $10.0 billion and is part of the energy industry. The company has a P/E ratio of 8.3, below the S&P 500 P/E ratio of 17.7. Shares are down 10.8% year to date as of the close of trading on Thursday. Currently there are 4 analysts that rate Energy Transfer Partners L.P a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates Energy Transfer Partners L.P as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Energy Transfer Partners L.P Ratings Report now.

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