Linn Energy LLC (LINE): Today's Featured Basic Materials Winner
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.
(
) pushed the Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day up 0.3%. By the end of trading, Linn Energy rose $2.48 (9.9%) to $27.49 on average volume. Throughout the day, 6,511,999 shares of Linn Energy exchanged hands as compared to its average daily volume of 4,427,900 shares. The stock ranged in a price between $26.02-$27.52 after having opened the day at $26.40 as compared to the previous trading day's close of $25.01. Other companies within the Basic Materials sector that increased today were:
(
), up 24.1%,
(
), up 18.8%,
(
), up 14.5% and
(
), up 11.7%.
Linn Energy, LLC, an independent oil and natural gas company, engages in the acquisition and development of oil and natural gas properties. Linn Energy has a market cap of $5.9 billion and is part of the energy industry. Shares are down 28.5% year to date as of the close of trading on Tuesday. Currently there are 6 analysts that rate Linn Energy a buy, 1 analyst rates it a sell, and 5 rate it a hold.
TheStreet Ratings rates Linn Energy as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and expanding profit margins. 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.
- You can view the full Linn Energy Ratings Report.
On the negative front,
(
), down 21.1%,
(
), down 10.0%,
(
), down 9.1% and
(
), down 9.1% , were all laggards within the basic materials sector with
(
) being today's basic materials sector laggard.
- Use our basic materials section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider
(
) while those bearish on the basic materials sector could consider
ProShares Short Basic Materials Fd
(
).
- Find other investment ideas from our top rated ETFs lists.
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