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 down 0.1%. By the end of trading, EOG Resources fell $2.37 (-1.5%) to $157.09 on light volume. Throughout the day, 931,849 shares of EOG Resources exchanged hands as compared to its average daily volume of 1,646,200 shares. The stock ranged in price between $156.68-$159.30 after having opened the day at $158.66 as compared to the previous trading day's close of $159.46. Other companies within the Basic Materials sector that declined today were:
), down 7.7%,
), down 6.8%,
), down 6.7% and
), down 6.6%.
- EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass
EOG Resources, Inc., together with its subsidiaries, engages in the exploration, development, production, and marketing of crude oil and natural gas. EOG Resources has a market cap of $42.8 billion and is part of the energy industry. Shares are up 29.4% year to date as of the close of trading on Wednesday. Currently there are 20 analysts that rate EOG Resources a buy, no analysts rate it a sell, and 4 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.
- You can view the full EOG Resources Ratings Report.
On the positive front,
), up 19.9%,
), up 12.1%,
), up 8.6% and
), up 7.8% , 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.