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TheStreet Open House
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stock Under $10 that he thinks could potentially double or triple in the next 6 to 12-months. See what he's trading today with a 14-day FREE pass.

5 Stocks Pushing The Basic Materials Sector Higher

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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 91 points (0.6%) at 15,720 as of Friday, Feb. 7, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 2,156 issues advancing vs. 753 declining with 162 unchanged.

The Basic Materials sector currently sits up 0.6% versus the S&P 500, which is up 0.6%. Top gainers within the sector include Statoil ASA ( STO), up 5.3%, Valero Energy Corporation ( VLO), up 2.9%, Goldcorp ( GG), up 2.6%, Marathon Petroleum ( MPC), up 2.5% and Noble Energy ( NBL), up 2.3%. On the negative front, top decliners within the sector include Baytex Energy ( BTE), down 5.7%, FMC Technologies ( FTI), down 3.5%, Encana ( ECA), down 2.6%, Ultrapar Holdings ( UGP), down 2.4% and Cabot Oil & Gas Corporation ( COG), down 1.9%.

TheStreet would like to highlight 5 stocks pushing the sector higher today:

5. PetroChina ( PTR) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, PetroChina is up $0.81 (0.8%) to $97.78 on average volume. Thus far, 93,931 shares of PetroChina exchanged hands as compared to its average daily volume of 178,200 shares. The stock has ranged in price between $97.39-$97.85 after having opened the day at $97.50 as compared to the previous trading day's close of $96.97.

PetroChina Company Limited produces and sells oil and gas in the People's Republic of China. The company operates in four segments: Exploration and Production, Refining and Chemicals, Marketing, and Natural Gas and Pipeline. PetroChina has a market cap of $175.6 billion and is part of the energy industry. Shares are down 11.6% year-to-date as of the close of trading on Thursday. Currently there are 3 analysts who rate PetroChina a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates PetroChina as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and increase in net income. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, a generally disappointing performance in the stock itself and generally higher debt management risk. Get the full PetroChina Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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