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Pioneer Natural Resources Company



) pushed the Basic Materials sector lower today making it today's featured Basic Materials laggard. The sector as a whole closed the day up 0.3%. By the end of trading, Pioneer Natural Resources Company fell $1.98 (-2.1%) to $90.38 on light volume. Throughout the day, 1.5 million shares of Pioneer Natural Resources Company exchanged hands as compared to its average daily volume of 2.3 million shares. The stock ranged in price between $89.73-$92.32 after having opened the day at $91.71 as compared to the previous trading day's close of $92.36. Other company's within the Basic Materials sector that declined today were:

Lufkin Industries



), down 21.4%,

TGC Industries



), down 17.1%,




), down 16.9%, and

General Steel Holdings



), down 11.8%.

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Pioneer Natural Resources Company engages in the exploration and production of oil and gas in the United States and South Africa. The company produces and sells oil, natural gas liquids (NGL), and gas. Pioneer Natural Resources Company has a market cap of $11.01 billion and is part of the


industry. The company has a P/E ratio of 15.8, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 3.2% year to date as of the close of trading on Friday. Currently there are 19 analysts that rate Pioneer Natural Resources Company a buy, no analysts rate it a sell, and five rate it a hold.

TheStreet Ratings rates Pioneer Natural Resources Company as a


. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front,

Jaguar Mining



), up 24.4%,

Clean Diesel Technologies



), up 20%,




), up 12.4%, and

Platinum Group Metal



), up 11.8%, were all gainers within the basic materials sector with




) 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



) while those bearish on the basic materials sector could consider

ProShares Short Basic Materials Fd