5 Stocks Pushing The Basic Materials Sector Higher
TheStreet Ratings group would like to highlight 5 stocks pushing the basic materials sector higher today, Nov. 15, 2012.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 down today with the Dow Jones Industrial Average ( ^DJI) trading down 46 points (-0.4%) at 12,524 as of Thursday, Nov. 15, 2012, 12:05 PM ET. The NYSE advances/declines ratio sits at 887 issues advancing vs. 2,072 declining with 104 unchanged. The Basic Materials sector currently sits down 0.4% versus the S&P 500, which is down 0.5%. Top gainers within the sector include Emerald Oil ( EOX), up 219.3%, Nexen ( NXY), up 2.2%, Anadarko Petroleum ( APC), up 1.6%, Ecopetrol S.A ( EC), up 1.2% and Halliburton Company ( HAL), up 1.5%. On the negative front, top decliners within the sector include Targa Resources Partners ( NGLS), down 7.4%, Williams Partners ( WPZ), down 3.5%, Energy Transfer Equity ( ETE), down 2.6%, Yamana Gold ( AUY), down 1.9% and Kinder Morgan Energy Partners ( KMP), down 2.2%. TheStreet Ratings group would like to highlight 5 stocks pushing the sector higher today: 5. Helmerich & Payne ( HP) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Helmerich & Payne is up $2.26 (4.9%) to $48.32 on heavy volume Thus far, 1.3 million shares of Helmerich & Payne exchanged hands as compared to its average daily volume of 1.4 million shares. The stock has ranged in price between $47.04-$48.99 after having opened the day at $47.78 as compared to the previous trading day's close of $46.06. Helmerich & Payne, Inc. engages in the contract drilling of oil and gas wells. It provides drilling rigs, equipments, personnel, and camps on a contract basis to explore for and develop oil and gas from onshore areas and fixed platforms, tension-leg platforms, and spars in offshore areas. Helmerich & Payne has a market cap of $4.9 billion and is part of the energy industry. The company has a P/E ratio of 9.4, below the S&P 500 P/E ratio of 17.7. Shares are down 19.8% year to date as of the close of trading on Wednesday. Currently there are 10 analysts that rate Helmerich & Payne a buy, 1 analyst rates it a sell, and 7 rate it a hold. TheStreet Ratings rates Helmerich & Payne as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Helmerich & Payne Ratings Report now.
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