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Anadarko Petroleum Corp (APC): Today's Featured Basic Materials Laggard

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.

Anadarko Petroleum ( APC) pushed the Basic Materials sector lower today making it today's featured Basic Materials laggard. The sector as a whole closed the day down 0.2%. By the end of trading, Anadarko Petroleum fell 91 cents (-1.1%) to $85.49 on average volume. Throughout the day, three million shares of Anadarko Petroleum exchanged hands as compared to its average daily volume of 3.2 million shares. The stock ranged in price between $85.42-$86.82 after having opened the day at $85.59 as compared to the previous trading day's close of $86.40. Other companies within the Basic Materials sector that declined today were: General Moly ( GMO), down 16.6%, Torch Energy Royalty ( TRU), down 11.8%, China Gengsheng Minerals ( CHGS), down 11.7%, and Atlatsa Resources ( ATL), down 11.3%.

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Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of natural gas, crude oil, condensate, and natural gas liquids (NGLs) in the United States and internationally. Anadarko Petroleum has a market cap of $42.36 billion and is part of the energy industry. The company has a P/E ratio of 17.9, above the S&P 500 P/E ratio of 17.7. Shares are up 12.1% year to date as of the close of trading on Wednesday. Currently there are 21 analysts that rate Anadarko Petroleum a buy, no analysts rate it a sell, and three rate it a hold.

TheStreet Ratings rates Anadarko Petroleum as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, good cash flow from operations, expanding profit margins, impressive record of earnings per share growth and largely solid financial position with reasonable debt levels by most measures. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the positive front, Cardero Resources Corporation ( CDY), up 20%, Harvest Natural Resources ( HNR), up 16%, ECA Marcellus Trust I ( ECT), up 13.4%, and Dejour Energy ( DEJ), up 13.2%, were all gainers within the basic materials sector with Barrick Gold Corporation ( ABX) being today's featured basic materials sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider Materials Select Sector SPDR ( XLB) while those bearish on the basic materials sector could consider ProShares Short Basic Materials Fd ( SBM).

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