Devon Energy

(

DVN

) pushed the Basic Materials sector lower today making it today's featured Basic Materials loser. The sector as a whole closed the day down 1.5%. By the end of trading, Devon Energy fell $1.26 (-2%) to $61.63 on average volume. Throughout the day, 4.7 million shares of Devon Energy exchanged hands as compared to its average daily volume of 3.7 million shares. The stock ranged in price between $61.14-$63.41 after having opened the day at $62.59 as compared to the previous trading day's close of $62.89. Other company's within the Basic Materials sector that declined today were:

Hugoton Royalty

(

HGT

), down 34.2%,

Northern Dynasty Minerals

(

NAK

), down 33%,

Patriot Coal Corporation

(

PCX

), down 28.3%, and

Geokinetics

(

GOK

), down 25.7%.

Devon Energy Corporation, an independent energy company, engages primarily in exploration, development, and production of oil, natural gas, and natural gas liquids. Devon Energy has a market cap of $24.84 billion and is part of the

energy

industry. The company has a P/E ratio of 11.7, above the average energy industry P/E ratio of 5.5 and below the S&P 500 P/E ratio of 17.7. Shares are up 1.4% year to date as of the close of trading on Monday. Currently there are 13 analysts that rate Devon Energy a buy, no analysts rate it a sell, and seven rate it a hold.

TheStreet Ratings rates Devon Energy as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the positive front,

L & L Energy

(

LLEN

), up 16%,

Pacific Ethanol

(

PEIX

), up 11.9%,

United States Antimony Corporation

(

UAMY

), up 11.8%, and

China Gerui Advanced Materials Group

(

CHOP

), up 11.2%, were all gainers within the basic materials sector with

El Paso Corporation

(

EP

) 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

(

XLB

) while those bearish on the basic materials sector could consider

ProShares Short Basic Materials Fd

(

SBM

).

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