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


Ultra Petroleum Corporation



) pushed the Basic Materials sector lower today making it today's featured Basic Materials laggard. The sector as a whole closed the day up 0.6%. By the end of trading, Ultra Petroleum Corporation fell 28 cents (-1.3%) to $20.78 on average volume. Throughout the day, three million shares of Ultra Petroleum Corporation exchanged hands as compared to its average daily volume of 2.6 million shares. The stock ranged in price between $20.30-$21 after having opened the day at $20.80 as compared to the previous trading day's close of $21.06. Other companies within the Basic Materials sector that declined today were:

GeoGlobal Resources



), down 11%,

Kingold Jewelry



), down 7.8%,

China Shen Zhou Mining & Resources



), down 7.8%, and

Crosshair Energy



), down 7.7%.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

Ultra Petroleum Corp., an independent oil and gas company, engages in the acquisition, exploration, development, production, and operation of oil and natural gas properties in the United States. Ultra Petroleum Corporation has a market cap of $3.33 billion and is part of the energy industry. The company has a P/E ratio of 8.2, 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 Tuesday. Currently there are four analysts that rate Ultra Petroleum Corporation a buy, two analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Ultra Petroleum Corporation as a


. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, weak operating cash flow and generally disappointing historical performance in the stock itself.

On the positive front,

Andatee China Marine Fuel Services Corporat



), up 17.2%,

Gulfport Energy Corporation



), up 16.1%,

New Concept Energy



), up 13.4%, and

James River Coal Company



), up 11.5%, were all gainers within the basic materials sector with

Kinder Morgan



) 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




Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade