The basic materials sector closed the day down 2.4%. Blue Dolphin Energy Company ( BDCO), GeoMet Inc ( GMET), El Paso Corporation ( EP), and Brigham Exploration Company ( BEXP) were all winners today within the basic materials sector with Anadarko Petroleum ( APC) being today's featured basic materials winner. Anadarko Petroleum rose $3.87 (5.5%) to $74.44 on heavy volume. Throughout the day, 11.4 million shares of Anadarko Petroleum exchanged hands as compared to its average daily volume of 4.8 million shares. Anadarko Petroleum Corporation engages in the exploration and production of oil and gas properties primarily in the United States, the deepwater of the Gulf of Mexico, and Algeria. Anadarko Petroleum has a market cap of $33.4 billion and is part of the energy industry. The company has a P/E ratio of 39.7, below the average energy industry P/E ratio of 39.9 and above the S&P 500 P/E ratio of 17.7. Shares are down 7.3% year to date as of the close of trading on Friday. TheStreet Ratings rates Anadarko as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, increase in net income, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.
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