Kinder Morgan Energy Partners LP (KMP): Today's Featured Basic Materials Winner

Kinder Morgan Energy Partners ( KMP) pushed the Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day down 1.9%. By the end of trading, Kinder Morgan Energy Partners rose 71 cents (0.9%) to $82.63 on light volume. Throughout the day, 512,938 shares of Kinder Morgan Energy Partners exchanged hands as compared to its average daily volume of 702,800 shares. The stock ranged in a price between $81.80-$82.78 after having opened the day at $82.15 as compared to the previous trading day's close of $81.92. Other companies within the Basic Materials sector that increased today were: Patriot Coal Corporation ( PCX), up 126.2%, Cereplast ( CERP), up 10.6%, A Schulman ( SHLM), up 8.7%, and Comstock Mining ( LODE), up 8.7%.

Kinder Morgan Energy Partners, L.P. operates as a pipeline transportation and energy storage company in North America. Kinder Morgan Energy Partners has a market cap of $19.2 billion and is part of the energy industry. The company has a P/E ratio of 120.1, above the S&P 500 P/E ratio of 17.7. Shares are down 3.9% year to date as of the close of trading on Monday. Currently there are two analysts that rate Kinder Morgan Energy Partners a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Kinder Morgan Energy Partners as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, good cash flow from operations, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, James River Coal Company ( JRCC), down 24.7%, GeoGlobal Resources ( GGR), down 18.2%, Jaguar Mining ( JAG), down 17.3%, and BioFuel Energy Corporation ( BIOF), down 12.7%, were all losers within the basic materials sector with Halliburton Company ( HAL) being today's basic materials sector loser.

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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