5 Stocks Pushing The Basic Materials Sector Lower

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

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 14 points (0.1%) at 12,892 as of Wednesday, Nov. 28, 2012, 12:00 PM ET. The NYSE advances/declines ratio sits at 1,435 issues advancing vs. 1,435 declining with 148 unchanged.

The Basic Materials sector currently sits down 0.2% versus the S&P 500, which is down 0.0%. On the negative front, top decliners within the sector include InterOil Corporation ( IOC), down 5.7%, Ensco ( ESV), down 2.3%, Southwestern Energy Company ( SWN), down 1.8%, Cabot Oil & Gas Corporation ( COG), down 1.7% and Continental Resources ( CLR), down 1.7%. Top gainers within the sector include Encana ( ECA), up 1.3%, Petroleo Brasileiro SA Petrobras ( PBR.A), up 0.8%, Total ( TOT), up 0.7%, Potash Corporation of Saskatchewan ( POT), up 0.6% and Chevron ( CVX), up 0.5%.

TheStreet Ratings group would like to highlight 5 stocks pushing the sector lower today:

5. Pioneer Natural Resources Company ( PXD) is one of the companies pushing the Basic Materials sector lower today. As of noon trading, Pioneer Natural Resources Company is down $1.55 (-1.5%) to $103.28 on light volume Thus far, 473,075 shares of Pioneer Natural Resources Company exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $102.57-$103.98 after having opened the day at $103.94 as compared to the previous trading day's close of $104.83.

Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States and South Africa. The company produces and sells oil, natural gas liquid (NGL), and gas. Pioneer Natural Resources Company has a market cap of $13.1 billion and is part of the energy industry. The company has a P/E ratio of 48.3, above the S&P 500 P/E ratio of 17.7. Shares are up 18.9% year to date as of the close of trading on Tuesday. Currently there are 18 analysts that rate Pioneer Natural Resources Company a buy, no analysts rate it a sell, and 6 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, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Pioneer Natural Resources Company Ratings Report now.

Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade

4. As of noon trading, EOG Resources ( EOG) is down $0.61 (-0.5%) to $114.47 on average volume Thus far, 680,271 shares of EOG Resources exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $112.72-$114.65 after having opened the day at $114.09 as compared to the previous trading day's close of $115.08.

EOG Resources, Inc., together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas and crude oil primarily in the United States, Canada, the Republic of Trinidad and Tobago, the United Kingdom, and the People's Republic of China. EOG Resources has a market cap of $31.6 billion and is part of the energy industry. The company has a P/E ratio of 26.4, above the S&P 500 P/E ratio of 17.7. Shares are up 18.4% year to date as of the close of trading on Tuesday. Currently there are 18 analysts that rate EOG Resources a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates EOG Resources as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full EOG Resources Ratings Report now.

Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade

3. As of noon trading, Marathon Oil ( MRO) is down $0.25 (-0.8%) to $30.79 on light volume Thus far, 2.2 million shares of Marathon Oil exchanged hands as compared to its average daily volume of 7.2 million shares. The stock has ranged in price between $30.40-$30.83 after having opened the day at $30.73 as compared to the previous trading day's close of $31.04.

Marathon Oil Corporation operates as an energy company worldwide. The company operates in three segments: Exploration and Production, Oil Sands Mining, and Integrated Gas. Marathon Oil has a market cap of $21.9 billion and is part of the energy industry. The company has a P/E ratio of 12.2, below the S&P 500 P/E ratio of 17.7. Shares are up 5.9% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Marathon Oil a buy, no analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Marathon Oil as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and attractive valuation levels. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. Get the full Marathon Oil Ratings Report now.

Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade

2. As of noon trading, Apache Corporation ( APA) is down $0.43 (-0.6%) to $76.80 on light volume Thus far, 962,789 shares of Apache Corporation exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $76.14-$77.02 after having opened the day at $76.51 as compared to the previous trading day's close of $77.23.

Apache Corporation, an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids. Apache Corporation has a market cap of $29.9 billion and is part of the energy industry. The company has a P/E ratio of 12.2, below the S&P 500 P/E ratio of 17.7. Shares are down 14.7% year to date as of the close of trading on Tuesday. Currently there are 18 analysts that rate Apache Corporation a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Apache Corporation as a hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. Get the full Apache Corporation Ratings Report now.

Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade

1. As of noon trading, E.I. du Pont de Nemours & Company ( DD) is down $0.30 (-0.7%) to $43.14 on average volume Thus far, 2.8 million shares of E.I. du Pont de Nemours & Company exchanged hands as compared to its average daily volume of 6.2 million shares. The stock has ranged in price between $42.63-$43.26 after having opened the day at $43.08 as compared to the previous trading day's close of $43.44.

E. I. du Pont de Nemours and Company operates as a science and technology based company worldwide. Its Agriculture segment provides hybrid corn and soybean seeds, and grains under the Pioneer brand name; and herbicides, fungicides, and insecticides. E.I. du Pont de Nemours & Company has a market cap of $40.4 billion and is part of the chemicals industry. The company has a P/E ratio of 13.2, below the S&P 500 P/E ratio of 17.7. Shares are down 5.3% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate E.I. du Pont de Nemours & Company a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates E.I. du Pont de Nemours & Company as a buy. Among the primary strengths of the company is its respectable return on equity which we feel is likely to continue. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full E.I. du Pont de Nemours & Company Ratings Report now.

Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade

If you are interested in one of these 4 stocks, 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).

A reminder about TheStreet Ratings group: 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.

null

More from Markets

Video: There Are Some Big Changes Coming to the PGA Championships in 2019

Video: There Are Some Big Changes Coming to the PGA Championships in 2019

Video: One-on-One With Pluralsight's CEO Following Its Successful IPO

Video: One-on-One With Pluralsight's CEO Following Its Successful IPO

CBS-Viacom Battle Comes to a Head; FDA Approves Novartis Migraine Drug --ICMYI

CBS-Viacom Battle Comes to a Head; FDA Approves Novartis Migraine Drug --ICMYI

Listen: Here's What You Need To Know About ETFs Today (Hint: They're on Fire!)

Listen: Here's What You Need To Know About ETFs Today (Hint: They're on Fire!)

Cramer and His Team Stick to Their Disciplines -- Even When It's Disappointing

Cramer and His Team Stick to Their Disciplines -- Even When It's Disappointing