SandRidge Energy Inc (SD): Today's Featured Basic Materials Laggard

SandRidge Energy ( SD) pushed the Basic Materials sector lower today making it today's featured Basic Materials laggard. The sector as a whole closed the day up 2.2%. By the end of trading, SandRidge Energy fell 21 cents (-3.2%) to $6.37 on heavy volume. Throughout the day, 28.4 million shares of SandRidge Energy exchanged hands as compared to its average daily volume of 11.8 million shares. The stock ranged in price between $6.17-$6.62 after having opened the day at $6.50 as compared to the previous trading day's close of $6.58. Other company's within the Basic Materials sector that declined today were: Molycorp ( MCP), down 28.5%, GeoMet ( GMET), down 19.3%, Cereplast ( CERP), down 13.9%, and Gasco Energy ( GSX), down 12.9%.

SandRidge Energy, Inc., together with its subsidiaries, operates as an independent natural gas and oil company in the United States. The company engages in the exploration, development, and production of oil and gas properties. SandRidge Energy has a market cap of $3.35 billion and is part of the energy industry. The company has a P/E ratio of 20.1, below the average energy industry P/E ratio of 42.8 and above the S&P 500 P/E ratio of 17.7. Shares are down 16.1% year to date as of the close of trading on Thursday. Currently there are 10 analysts that rate SandRidge Energy a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates SandRidge Energy as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and generally poor debt management.

On the positive front, Entree Gold ( EGI), up 27.7%, GeoPetro Resources Company ( GPR), up 26.3%, ATP Oil & Gas ( ATPG), up 21.4%, and Union Drilling ( UDRL), up 20%, were all gainers within the basic materials sector with National Oilwell Varco ( NOV) being today's featured basic materials sector leader.

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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