PXD, HAL And COP, Pushing Basic Materials Sector Downward
Two out of the three major indices are trading lower today with the
Dow Jones Industrial Average
(
^DJI
) trading down 22 points (-0.1%) at 17,716 as of Thursday, Nov. 19, 2015, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,449 issues advancing vs. 1,474 declining with 170 unchanged.
The Basic Materials sector currently sits down 0.9% versus the S&P 500, which is down 0.1%. On the negative front, top decliners within the sector include
(
), down 8.1%,
(
), down 5.5%,
(
), down 5.3%,
(
), down 5.0% and
(
), down 4.5%. Top gainers within the sector include
(
), up 16.1%,
(
), up 4.5%,
(
), up 2.9%,
(
), up 2.8% and
(
), up 1.9%.
TheStreet would like to highlight 3 stocks pushing the sector lower today:
3.
(
) is one of the companies pushing the Basic Materials sector lower today. As of noon trading, Pioneer Natural Resources is down $3.75 (-2.6%) to $140.58 on light volume. Thus far, 504,034 shares of Pioneer Natural Resources exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $140.58-$143.64 after having opened the day at $142.95 as compared to the previous trading day's close of $144.33.
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Pioneer Natural Resources Company engages in the exploration and production of oil and gas in the United States. The company produces and sells oil, natural gas liquids (NGLs), and gas. Pioneer Natural Resources has a market cap of $21.3 billion and is part of the energy industry. Shares are down 3.0% year-to-date as of the close of trading on Wednesday. Currently there are 20 analysts that rate Pioneer Natural Resources a buy, 1 analyst rates it a sell, and 5 rate it a hold.
TheStreet Ratings rates
Pioneer Natural Resources
as a
. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, poor profit margins and a generally disappointing performance in the stock itself. Get the full
Pioneer Natural Resources Ratings Report
now.
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2. As of noon trading,
(
) is down $0.60 (-1.5%) to $38.28 on light volume. Thus far, 2.6 million shares of Halliburton exchanged hands as compared to its average daily volume of 12.5 million shares. The stock has ranged in price between $38.19-$39.07 after having opened the day at $38.55 as compared to the previous trading day's close of $38.88.
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Halliburton Company provides a range of services and products to the upstream oil and natural gas industry worldwide. The company operates through two segments, Completion and Production, and Drilling and Evaluation. Halliburton has a market cap of $32.6 billion and is part of the energy industry. Shares are down 1.1% year-to-date as of the close of trading on Wednesday. Currently there are 16 analysts that rate Halliburton a buy, 1 analyst rates it a sell, and 7 rate it a hold.
TheStreet Ratings rates
Halliburton
as a
. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. Get the full
now.
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1. As of noon trading,
(
) is down $0.75 (-1.4%) to $53.73 on light volume. Thus far, 2.3 million shares of ConocoPhillips exchanged hands as compared to its average daily volume of 9.9 million shares. The stock has ranged in price between $53.63-$54.47 after having opened the day at $54.19 as compared to the previous trading day's close of $54.48.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas, and natural gas liquids worldwide. ConocoPhillips has a market cap of $66.5 billion and is part of the energy industry. Shares are down 21.1% year-to-date as of the close of trading on Wednesday. Currently there are 5 analysts that rate ConocoPhillips a buy, 1 analyst rates it a sell, and 6 rate it a hold.
TheStreet Ratings rates
ConocoPhillips
as a
. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. Get the full
now.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
If you are interested in one of these 3 stocks, 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
(
).