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

Suncor Energy ( SU) pushed the Basic Materials sector higher today making it today's featured basic materials leader. The sector as a whole closed the day up 0.6%. By the end of trading, Suncor Energy rose 44 cents (1.5%) to $30.34 on average volume. Throughout the day, 5.6 million shares of Suncor Energy exchanged hands as compared to its average daily volume of 4.9 million shares. The stock ranged in a price between $30.11-$30.63 after having opened the day at $30.12 as compared to the previous trading day's close of $29.90. Other companies within the Basic Materials sector that increased today were: Georgia Gulf ( GGC), up 13.2%, Ikonics Corporation ( IKNX), up 11.2%, Thompson Creek Metals Company ( TC), up 10%, and Valhi Incorporated ( VHI), up 10%.

Suncor Energy Inc., together with its subsidiaries, operates as an integrated energy company. Suncor Energy has a market cap of $46.17 billion and is part of the energy industry. The company has a P/E ratio of 9.8, below the average energy industry P/E ratio of 10.1 and below the S&P 500 P/E ratio of 17.7. Shares are up 3.7% year to date as of the close of trading on Wednesday. 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 hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, poor profit margins and a generally disappointing performance in the stock itself.

On the negative front, Whiting USA Trust I ( WHX), down 14.9%, Synthesis Energy Sys ( SYMX), down 10.3%, Renewable Energy Group ( REGI), down 9.2%, and BioFuel Energy Corporation ( BIOF), down 8.8%, were all laggards within the basic materials sector with Ecopetrol S.A ( EC) being today's basic materials sector laggard.

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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