EOG Resources

(

EOG

) pushed the Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day up 2.2%. By the end of trading, EOG Resources rose $3.59 (3.7%) to $101.01 on average volume. Throughout the day, 2.4 million shares of EOG Resources exchanged hands as compared to its average daily volume of 2.7 million shares. The stock ranged in a price between $97.45-$101.47 after having opened the day at $97.97 as compared to the previous trading day's close of $97.42. Other companies within the Basic Materials sector that increased today were:

Arch Coal

(

ACI

), up 29.2%,

Alpha Natural Resources

(

ANR

), up 20.1%,

Green Plains Renewable Energy

(

GPRE

), up 17.7%, and

James River Coal Company

(

JRCC

), up 15.2%.

  • 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 $25.8 billion and is part of the

energy

industry. The company has a P/E ratio of 23.3, above the average energy industry P/E ratio of 20.1 and above the S&P 500 P/E ratio of 17.7. Shares are down 1.1% year to date as of the close of trading on Thursday. Currently there are 17 analysts that rate EOG Resources a buy, no analysts rate it a sell, and seven 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, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

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

).

null