Pioneer Natural Resources Company (PXD): Today's Featured Basic Materials Winner

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Pioneer Natural Resources Company ( PXD) pushed the Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day down 0.3%. By the end of trading, Pioneer Natural Resources Company rose $1.55 (1.5%) to $103.90 on average volume. Throughout the day, 1.7 million shares of Pioneer Natural Resources Company exchanged hands as compared to its average daily volume of 1.5 million shares. The stock ranged in a price between $101.67-$106.72 after having opened the day at $102.11 as compared to the previous trading day's close of $102.35. Other companies within the Basic Materials sector that increased today were: Geokinetics ( GOK), up 28.2%, GMX Resources ( GMXR), up 21.5%, Camac Energy ( CAK), up 15.8%, and Dejour Energy ( DEJ), up 12.6%.
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Pioneer Natural Resources Company engages in the exploration and production of oil and gas in the United States and South Africa. The company produces and sells oil, natural gas liquids (NGL), and gas. Pioneer Natural Resources Company has a market cap of $13.01 billion and is part of the energy industry. The company has a P/E ratio of 48, above the S&P 500 P/E ratio of 17.7. Shares are up 18% year to date as of the close of trading on Thursday. Currently there are 19 analysts that rate Pioneer Natural Resources Company a buy, no analysts rate it a sell, and six rate it a hold.

TheStreet Ratings rates Pioneer Natural Resources Company as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, Prospect Global Resources ( PGRX), down 20.9%, James River Coal Company ( JRCC), down 19.6%, Enerplus ( ERF), down 14.5%, and Ceres ( CERE), down 14.3%, were all laggards within the basic materials sector with Goldcorp ( GG) 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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