Anadarko Petroleum Corp (APC): Today's Featured Basic Materials Laggard

Anadarko Petroleum ( APC) pushed the Basic Materials sector lower today making it today's featured Basic Materials laggard. The sector as a whole closed the day down 0.8%. By the end of trading, Anadarko Petroleum fell $1.18 (-1.7%) to $68.50 on light volume. Throughout the day, three million shares of Anadarko Petroleum exchanged hands as compared to its average daily volume of 5.4 million shares. The stock ranged in price between $68.42-$69.86 after having opened the day at $69.41 as compared to the previous trading day's close of $69.68. Other companies within the Basic Materials sector that declined today were: Sonde Resources ( SOQ), down 40%, Claude Resources ( CGR), down 13.5%, Geokinetics ( GOK), down 13.3%, and Polymet Mining ( PLM), down 12.7%.

Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of natural gas, crude oil, condensate, and natural gas liquids(NGLs) in the United States, Algeria, and internationally. Anadarko Petroleum has a market cap of $34.81 billion and is part of the energy industry. Shares are down 8.6% year to date as of the close of trading on Friday. Currently there are 21 analysts that rate Anadarko Petroleum a buy, no analysts rate it a sell, and four rate it a hold.

TheStreet Ratings rates Anadarko Petroleum as a hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself.

On the positive front, ATP Oil & Gas ( ATPG), up 19.5%, KiOR ( KIOR), up 10.2%, Timberline Resources Corporation ( TLR), up 9.7%, and Tesoro Corporation ( TSO), up 9.5%, were all gainers within the basic materials sector with HollyFrontier ( HFC) 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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