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Enbridge Inc. (ENB): Today's Featured Basic Materials Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Enbridge ( ENB) pushed the Basic Materials sector lower today making it today's featured Basic Materials laggard. The sector as a whole closed the day up 0.4%. By the end of trading, Enbridge fell $0.58 (-1.4%) to $41.16 on average volume. Throughout the day, 783,436 shares of Enbridge exchanged hands as compared to its average daily volume of 969,400 shares. The stock ranged in price between $40.97-$41.78 after having opened the day at $41.78 as compared to the previous trading day's close of $41.74. Other companies within the Basic Materials sector that declined today were: Prospect Global Resources ( PGRX), down 18.0%, Crosshair Energy ( CXZ), down 14.5%, L & L Energy ( LLEN), down 14.1% and China Gengsheng Minerals ( CHGS), down 10.8%.

Enbridge Inc. operates as an energy transportation and distribution company in the United States and Canada. Its Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals. Enbridge has a market cap of $34.4 billion and is part of the energy industry. Shares are down 3.6% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Enbridge a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Enbridge as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, disappointing return on equity and weak operating cash flow.

On the positive front, Harvest Natural Resources ( HNR), up 26.5%, Midstates Petroleum ( MPO), up 14.4%, Linn Energy ( LINE), up 12.8% and LinnCo ( LNCO), up 12.0% , were all gainers within the basic materials sector with Occidental Petroleum Corporation ( OXY) 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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