Skip to main content

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

.

EOG Resources

(

EOG

) pushed the Basic Materials sector lower today making it today's featured Basic Materials laggard. The sector as a whole closed the day down 1.3%. By the end of trading, EOG Resources fell $2.16 (-2%) to $105.89 on light volume. Throughout the day, 1.3 million shares of EOG Resources exchanged hands as compared to its average daily volume of 2.5 million shares. The stock ranged in price between $105.45-$107.45 after having opened the day at $107.45 as compared to the previous trading day's close of $108.05. Other companies within the Basic Materials sector that declined today were:

BPZ Resources

(

BPZ

), down 10.1%,

Molycorp

(

MCP

), down 9.4%,

North American Energy Partners Incorporate

(

TheStreet Recommends

NOA

), down 8.4%, and

Quest Rare Minerals

(

QRM

), down 7.5%.

  • ACTIVE STOCK TRADERS: Check out TheStreet's special offer for Real Money, headlined by Jim Cramer, now!

EOG Resources, Inc., together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas and crude oil primarily in the United States, Canada, the Republic of Trinidad and Tobago, the United Kingdom, and the People's Republic of China. EOG Resources has a market cap of $29.38 billion and is part of the

energy

industry. The company has a P/E ratio of 21.2, below the average energy industry P/E ratio of 21.3 and above the S&P 500 P/E ratio of 17.7. Shares are up 10.5% year to date as of the close of trading on Wednesday. Currently there are 18 analysts that rate EOG Resources a buy, no analysts rate it a sell, and six rate it a hold.

TheStreet Ratings rates EOG 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, good cash flow from operations and increase in stock price during the past year. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front,

BP Prudhoe Bay Royalty

(

BPT

), up 16.6%,

Gold Standard Ventures

(

GSV

), up 16.2%,

Lizhan Environmental

(

LZEN

), up 13.6%, and

American Pacific Corporation

(

APFC

), up 10.4%, were all gainers within the basic materials sector with

HollyFrontier

(

HFC

) being today's featured basic materials sector leader.

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

).

FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge!

Free download now

.

null