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Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model


Cabot Oil & Gas Corporation



) 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, Cabot Oil & Gas Corporation rose $1.22 (3%) to $41.86 on light volume. Throughout the day, 1.5 million shares of Cabot Oil & Gas Corporation exchanged hands as compared to its average daily volume of 4.3 million shares. The stock ranged in a price between $40.50-$41.99 after having opened the day at $40.65 as compared to the previous trading day's close of $40.64. Other companies within the Basic Materials sector that increased today were:

China Shen Zhou Mining & Resources



), up 22.6%,

China Gengsheng Minerals



), up 10.5%,

Pacific Ethanol



), up 10.4%, and

Gold Standard Ventures



), up 10.3%.

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Cabot Oil & Gas Corporation, an independent oil and gas company, engages in the development, exploitation, exploration, production, and marketing of natural gas, crude oil and, and natural gas liquids in the United States. Cabot Oil & Gas Corporation has a market cap of $8.9 billion and is part of the


industry. The company has a P/E ratio of 80.8, below the average energy industry P/E ratio of 81.5 and above the S&P 500 P/E ratio of 17.7. Shares are up 10.7% year to date as of the close of trading on Thursday. Currently there are 10 analysts that rate Cabot Oil & Gas Corporation a buy, no analysts rate it a sell, and eight rate it a hold.

TheStreet Ratings rates Cabot Oil & Gas Corporation as a


. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front,

ATP Oil & Gas



), down 14.6%,




), down 10.9%,

Quaterra Resources



), down 7.8%, and

Timberline Resources Corporation



), down 7.2%, were all laggards within the basic materials sector with




) being today's basic materials sector laggard.

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