Baker Hughes



) pushed the Basic Materials sector lower today making it today's featured Basic Materials loser. The sector as a whole closed the day down 0.7%. By the end of trading, Baker Hughes fell 95 cents (-2.2%) to $41.62 on average volume. Throughout the day, 7.3 million shares of Baker Hughes exchanged hands as compared to its average daily volume of 7.2 million shares. The stock ranged in price between $40.94-$42.81 after having opened the day at $42.59 as compared to the previous trading day's close of $42.57. Other company's within the Basic Materials sector that declined today were:

Lizhan Environmental



), down 13%,

GeoGlobal Resources



), down 12.8%,

Great Basin Gold



), down 11.3%, and




), down 10.1%.

Baker Hughes Incorporated supplies oilfield services, products, and technology services and systems to the oil and natural gas industry worldwide. Baker Hughes has a market cap of $19 billion and is part of the


industry. The company has a P/E ratio of 10.9, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 12.5% year to date as of the close of trading on Wednesday. Currently there are 14 analysts that rate Baker Hughes a buy, one analyst rates it a sell, and eight rate it a hold.

TheStreet Ratings rates Baker Hughes as a


. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front,

Endeavour International



), up 70.5%,

Altair Nanotechnologies



), up 21.8%,

Synthesis Energy Sys



), up 18.4%, and




), up 10.5%, were all gainers within the basic materials sector with




) being today's featured basic materials sector winner.

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



) while those bearish on the basic materials sector could consider

ProShares Short Basic Materials Fd