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
) pushed the Basic Materials sector lower today making it today's featured Basic Materials laggard. The sector as a whole closed the day down 0.9%. By the end of trading, Petroleo Brasileiro SA Petrobras fell 44 cents (-2.3%) to $18.85 on average volume. Throughout the day, 18 million shares of Petroleo Brasileiro SA Petrobras exchanged hands as compared to its average daily volume of 12.3 million shares. The stock ranged in price between $18.76-$19.24 after having opened the day at $19.11 as compared to the previous trading day's close of $19.29. Other companies within the Basic Materials sector that declined today were:
), down 11%,
), down 7.8%,
), down 7.7%, and
), down 7.3%.
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Petroleo Brasileiro S.A. operates as an integrated oil and gas company in Brazil and internationally. Petroleo Brasileiro SA Petrobras has a market cap of $126.14 billion and is part of the energy industry. The company has a P/E ratio of 6.3, below the S&P 500 P/E ratio of 17.7. Shares are down 21.5% year to date as of the close of trading on Wednesday. Currently there are two analysts that rate Petroleo Brasileiro SA Petrobras a buy, no analysts rate it a sell, and seven rate it a hold.
TheStreet Ratings rates Petroleo Brasileiro SA Petrobras as a
. The company's strengths can be seen in multiple areas, such as its attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself.
- You can view the full Petroleo Brasileiro SA Petrobras Ratings Report.
On the positive front,
), up 33.7%,
), up 18.8%,
), up 14.6%, and
), up 14.3%, 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.
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