Petroleo Brasileiro SA Petrobras

(

PBR

) pushed the Basic Materials sector lower today making it today's featured Basic Materials loser. The sector as a whole closed the day down 3.4%. By the end of trading, Petroleo Brasileiro SA Petrobras fell 63 cents (-2.3%) to $27.01 on average volume. Throughout the day, 22.3 million shares of Petroleo Brasileiro SA Petrobras exchanged hands as compared to its average daily volume of 16.8 million shares. The stock ranged in price between $27.01-$27.78 after having opened the day at $27.76 as compared to the previous trading day's close of $27.64. Other company's within the Basic Materials sector that declined today were:

Gevo Inc

(

GEVO

), down 14.3%,

KiOR Inc

(

KIOR

), down 12.2%,

Qiao Xing Universal Resources Inc

(

XING

), down 11.1%, and

Midway Gold

(

MDW

), down 11%.

Petroleo Brasileiro S.A. primarily engages in oil and natural gas exploration and production, refining, trade, and transportation businesses. Petroleo Brasileiro SA Petrobras has a market cap of $160.5 billion and is part of the

energy

industry. The company has a P/E ratio of 6.5, below the average energy industry P/E ratio of 8.4 and below the S&P 500 P/E ratio of 17.7. Shares are down 28.9% year to date as of the close of trading on Friday.

TheStreet Ratings rates Petroleo Brasileiro SA Petrobras as a

hold

. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, robust revenue growth and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share.

On the positive front,

BioFuel Energy Corporation

(

BIOF

), up 34.2%,

TransAtlantic Petroleum

(

TAT

), up 11.1%,

Pacific Ethanol Inc

(

PEIX

), up 9.8%, and

Pacific Ethanol Inc

(

PEIXD

), up 9.8%, were all gainers within the basic materials sector with

Targa Resources Partners

(

NGLS

) being today's featured basic materials sector winner.

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

).

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