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

All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 24 points (-0.2%) at 13,886 as of Thursday, Jan. 31, 2013, 11:49 AM ET. The NYSE advances/declines ratio sits at 1,305 issues advancing vs. 1,515 declining with 144 unchanged.

The Basic Materials sector currently sits down 0.3% versus the S&P 500, which is down 0.3%. On the negative front, top decliners within the sector include ConocoPhillips ( COP), down 4.8%, Royal Dutch Shell ( RDS.B), down 2.4%, Petroleo Brasileiro SA Petrobras ( PBR.A), down 1.8%, Potash Corporation of Saskatchewan ( POT), down 1.7% and Total ( TOT), down 0.9%. A company within the sector that increased today was Occidental Petroleum Corporation ( OXY), up 2.9%.

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

5. Canadian Natural Resources ( CNQ) is one of the companies pushing the Basic Materials sector lower today. As of noon trading, Canadian Natural Resources is down $0.69 (-2.2%) to $30.38 on average volume Thus far, 1.4 million shares of Canadian Natural Resources exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $30.30-$31.11 after having opened the day at $30.94 as compared to the previous trading day's close of $31.07.

Canadian Natural Resources Limited engages in the acquisition, exploration, development, production, marketing, and sale of crude oil, natural gas liquids (NGLs), and natural gas. Canadian Natural Resources has a market cap of $33.7 billion and is part of the energy industry. The company has a P/E ratio of 14.2, below the S&P 500 P/E ratio of 17.7. Shares are up 8.2% year to date as of the close of trading on Wednesday. Currently there are 9 analysts that rate Canadian Natural Resources a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Canadian Natural Resources as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and a generally disappointing performance in the stock itself. Get the full Canadian Natural Resources Ratings Report now.

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