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) pushed the Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day down 0.1%. By the end of trading, Seadrill rose $0.64 (1.4%) to $46.09 on average volume. Throughout the day, 3,269,286 shares of Seadrill exchanged hands as compared to its average daily volume of 2,255,100 shares. The stock ranged in a price between $45.48-$46.16 after having opened the day at $45.53 as compared to the previous trading day's close of $45.45. Other companies within the Basic Materials sector that increased today were:

Cardero Resources Corporation



), up 19.9%,

McEwen Mining



), up 12.1%,

Tanzanian Royalty Exploration Corporation



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TheStreet Recommends

), up 8.6% and

Lone Pine Resources



), up 7.8%.

Seadrill Limited provides offshore drilling services to the oil and gas industry worldwide. The company operates in three segments: Floaters, Jack-up Rigs, and Tender Rigs. Seadrill has a market cap of $20.6 billion and is part of the energy industry. Shares are up 18.8% year to date as of the close of trading on Wednesday. Currently there are 3 analysts that rate Seadrill a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates


as a


. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front,

China Precision Steel



), down 7.7%,

Mines Management



), down 6.8%,

Minco Gold Corporation



), down 6.7% and




), down 6.6% , were all laggards within the basic materials sector with

EOG Resources



) being today's basic materials sector laggard.

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




3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.