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.
) pushed the Basic Materials sector lower today making it today's featured Basic Materials laggard. The sector as a whole closed the day up 1.6%. By the end of trading, Energy Transfer Equity fell $0.98 (-1.5%) to $63.12 on average volume. Throughout the day, 1,350,438 shares of Energy Transfer Equity exchanged hands as compared to its average daily volume of 1,333,900 shares. The stock ranged in price between $62.64-$64.96 after having opened the day at $64.36 as compared to the previous trading day's close of $64.10. Other companies within the Basic Materials sector that declined today were:
), down 21.4%,
), down 10.1%,
), down 8.0% and
), down 7.2%.
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Energy Transfer Equity, L.P., through its subsidiaries, provides diversified energy-related services in the United States. The company sells natural gas to electric utilities, independent power plants, local distribution companies, industrial end-users, and other marketing companies. Energy Transfer Equity has a market cap of $18.2 billion and is part of the energy industry. Shares are up 40.9% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate Energy Transfer Equity a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
Energy Transfer Equity
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income, notable return on equity, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
- You can view the full Energy Transfer Equity Ratings Report.
On the positive front,
), up 16.1%,
), up 15.2%,
), up 9.9% and
Forbes Energy Services
), up 9.0% , were all gainers within the basic materials sector with
) being today's featured basic materials sector leader.
- Use our basic materials section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, 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
- Find other investment ideas from our top rated ETFs lists.