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Pioneer Natural Resources Company (PXD): 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.

Pioneer Natural Resources Company ( PXD) pushed the Basic Materials sector lower today making it today's featured Basic Materials laggard. The sector as a whole closed the day down 0.8%. By the end of trading, Pioneer Natural Resources Company fell $4.25 (-2.3%) to $179.74 on average volume. Throughout the day, 1,447,711 shares of Pioneer Natural Resources Company exchanged hands as compared to its average daily volume of 1,855,800 shares. The stock ranged in price between $179.00-$184.24 after having opened the day at $182.59 as compared to the previous trading day's close of $183.99. Other companies within the Basic Materials sector that declined today were: Hercules Offshore ( HERO), down 15.1%, YPF Sociedad Anonima ( YPF), down 15.1%, China Natural Resources ( CHNR), down 11.4% and Renewable Energy Group ( REGI), down 10.5%.

Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States. The company produces and sells oil, natural gas liquids (NGL), and gas. Pioneer Natural Resources Company has a market cap of $24.9 billion and is part of the energy industry. The company has a P/E ratio of 44.5, above the S&P 500 P/E ratio of 17.7. Shares are down 0.1% year to date as of the close of trading on Wednesday. Currently there are 14 analysts that rate Pioneer Natural Resources Company a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Pioneer Natural Resources Company as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins, good cash flow from operations, compelling growth in net income and largely solid financial position with reasonable debt levels by most measures. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, BioAmber ( BIOA), up 18.5%, Golden Star Resources ( GSS), up 8.0%, Rubicon Minerals ( RBY), up 7.7% and Uranerz Energy Corporation ( URZ), up 7.7% , were all gainers within the basic materials sector with Agnico Eagle Mines ( AEM) 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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