Terra Nitrogen Company L.P. (TNH): Today's Featured Basic Materials Loser

Terra Nitrogen Company L.P ( TNH) pushed the Basic Materials sector lower today making it today's featured Basic Materials loser. The sector as a whole closed the day up 0.4%. By the end of trading, Terra Nitrogen Company L.P fell $16.59 (-7.5%) to $203.40 on heavy volume. Throughout the day, 273,434 shares of Terra Nitrogen Company L.P exchanged hands as compared to its average daily volume of 88,000 shares. The stock ranged in price between $200.74-$224.99 after having opened the day at $222 as compared to the previous trading day's close of $219.99. Other company's within the Basic Materials sector that declined today were: Clean Diesel Technologies ( CDTI), down 20.1%, BPZ Resources ( BPZ), down 12.1%, Copano Energy ( CPNO), down 11.3%, and ATP Oil & Gas ( ATPG), down 9.8%.

Terra Nitrogen Company, L.P. engages in the production and sale of nitrogen fertilizer products. It primarily offers anhydrous ammonia and urea ammonium nitrate solutions. Terra Nitrogen GP Inc. serves as the general partner of the company. Terra Nitrogen Company, L.P. Terra Nitrogen Company L.P has a market cap of $4.25 billion and is part of the chemicals industry. The company has a P/E ratio of 14.8, below the average chemicals industry P/E ratio of 15 and below the S&P 500 P/E ratio of 17.7. Shares are up 31% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates Terra Nitrogen Company L.P as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the positive front, Cardero Resources Corporation ( CDY), up 13.9%, Recovery Energy ( RECV), up 13.3%, FieldPoint Petroleum Corporation ( FPP), up 11.5%, and Natural Gas Services Group ( NGS), up 10.9%, were all gainers within the basic materials sector with Anadarko Petroleum ( APC) 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).
null

If you liked this article you might like

Is Terra Nitrogen's Robust 9% Dividend Yield Too Good to Be True?

The Starting 9 Charts for Opening Day

The Starting 9 Charts for Opening Day

9 Hidden Dividend Stock Gems Priced to Buy Now

What To Hold: 3 Hold-Rated Dividend Stocks GMLP, PFLT, TNH

3 Hold-Rated Dividend Stocks: HEP, TNH, STB