Suncor Energy Inc (SU): Today's Featured Basic Materials Loser

Suncor Energy ( SU) pushed the Basic Materials sector lower today making it today's featured Basic Materials loser. The sector as a whole closed the day down 1.6%. By the end of trading, Suncor Energy fell 36 cents (-1.3%) to $27.13 on average volume. Throughout the day, 6.4 million shares of Suncor Energy exchanged hands as compared to its average daily volume of 5.2 million shares. The stock ranged in price between $27.03-$28.08 after having opened the day at $27.49 as compared to the previous trading day's close of $27.49. Other company's within the Basic Materials sector that declined today were: GeoMet ( GMET), down 30%, Anooraq Resources Corporation ( ANO), down 23.8%, Lizhan Environmental ( LZEN), down 18.1%, and Cereplast ( CERP), down 17.6%.

Suncor Energy Inc., together with its subsidiaries, operates as an integrated energy company. Suncor Energy has a market cap of $43.54 billion and is part of the energy industry. The company has a P/E ratio of 9.2, below the average energy industry P/E ratio of 9.6 and below the S&P 500 P/E ratio of 17.7. Shares are down 4.6% year to date as of the close of trading on Tuesday. Currently there are 11 analysts that rate Suncor Energy a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Suncor Energy as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, revenue growth, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front, Timberline Resources Corporation ( TLR), up 16.9%, Arabian American Development Company ( ARSD), up 16.4%, Apco Oil and Gas International ( APAGF), up 16.2%, and Cubic Energy ( QBC), up 10%, were all gainers within the basic materials sector with Barrick Gold Corporation ( ABX) 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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