TransAtlantic Petroleum Ltd. (TAT): Today's Featured Basic Materials Loser

The basic materials sector closed the day up 4.7%. Superior Energy Services Inc ( SPN), Clean Diesel Technologies Inc ( CDTI), Lightbridge ( LTBR), and Lihua International Inc ( LIWA) were all decliners today within the basic materials sector with TransAtlantic Petroleum ( TAT) being today's featured basic materials loser. TransAtlantic Petroleum fell 0 cents (-0.6%) to 80 cents on light volume. Throughout the day, 496,583 shares of TransAtlantic Petroleum exchanged hands as compared to its average daily volume of 1.6 million shares.

Transatlantic Petroleum Ltd., an integrated international oil and gas company, engages in the acquisition, exploration, development, and production of oil and natural gas. TransAtlantic Petroleum has a market cap of $299.6 million and is part of the energy industry. Shares are down 75.4% year to date as of the close of trading on Friday.

TheStreet Ratings rates TransAtlantic as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, generally disappointing historical performance in the stock itself and generally weak debt management.

On the positive front, Complete Production Services Inc ( CPX), Andatee China Marine Fuel Services Corporat ( AMCF), Abraxas Petroleum Corporation ( AXAS), and BioFuel Energy Corporation ( BIOF) were all gainers within the basic materials sector with Chevron ( CVX) 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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