5 Stocks Pushing The Basic Materials Sector Lower

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

Two out of the three major indices are trading up today with the Dow Jones Industrial Average (^DJI) trading up 35 points (0.3%) at 14,006 as of Tuesday, Feb. 12, 2013, 12:05 PM ET. The NYSE advances/declines ratio sits at 1,786 issues advancing vs. 1,060 declining with 154 unchanged.

The Basic Materials sector currently sits up 0.1% versus the S&P 500, which is up 0.1%. On the negative front, top decliners within the sector include Valspar Corporation (VAL), down 7.6%, Ocean Rig UDW (ORIG), down 6.5%, Huntsman Corporation (HUN), down 4.5%, Kosmos Energy (KOS), down 3.9% and Valero Energy Corporation (VLO), down 0.8%. Top gainers within the sector include Canadian Natural Resources (CNQ), up 2.9%, Cameco (CCJ), up 2.4%, Teck Resources (TCK), up 2.3%, Anglogold Ashanti (AU), up 2.0% and Eni SpA (E), up 1.3%.

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

5. Weatherford International (WFT) is one of the companies pushing the Basic Materials sector lower today. As of noon trading, Weatherford International is down $0.18 (-1.4%) to $12.75 on average volume Thus far, 5.7 million shares of Weatherford International exchanged hands as compared to its average daily volume of 10.7 million shares. The stock has ranged in price between $12.61-$12.99 after having opened the day at $12.96 as compared to the previous trading day's close of $12.93.

Weatherford International Ltd. provides equipment and services used in the drilling, evaluation, completion, production, and intervention of oil and natural gas wells worldwide. Weatherford International has a market cap of $10.2 billion and is part of the energy industry. Shares are up 18.9% year to date as of the close of trading on Monday. Currently there are 14 analysts that rate Weatherford International a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates Weatherford International as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity. Get the full Weatherford International Ratings Report now.

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