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.

Continental Resources

(

CLR

) pushed the Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole was unchanged today. By the end of trading, Continental Resources rose $1.95 (1.8%) to $111.94 on light volume. Throughout the day, 801,990 shares of Continental Resources exchanged hands as compared to its average daily volume of 1,314,600 shares. The stock ranged in a price between $109.02-$112.76 after having opened the day at $109.91 as compared to the previous trading day's close of $109.99. Other companies within the Basic Materials sector that increased today were:

Polymet Mining

(

PLM

), up 17.1%,

New Concept Energy

(

GBR

), up 11.7%,

YPF Sociedad Anonima

(

YPF

), up 10.2% and

Timberline Resources Corporation

(

TLR

), up 9.4%.

Continental Resources, Inc. engages in the exploration, development, and production of crude oil and natural gas properties in the north, south, and east regions of the United States. Continental Resources has a market cap of $20.8 billion and is part of the energy industry. The company has a P/E ratio of 24.2, above the S&P 500 P/E ratio of 17.7. Shares are up 52.7% year to date as of the close of trading on Monday. Currently there are 12 analysts that rate Continental Resources a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates

Continental Resources

as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

On the negative front,

Recon Technology

(

RCON

), down 9.9%,

Samson Oil & Gas

(

SSN

), down 8.7%,

Golden Star Resources

(

GSS

), down 8.5% and

Harvest Natural Resources

(

HNR

), down 8.1% , were all laggards within the basic materials sector with

Petroleo Brasileiro SA Petrobras

(

PBR.A

) 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

(

XLB

) while those bearish on the basic materials sector could consider

ProShares Short Basic Materials Fd

(

SBM

).

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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