Energy Transfer Partners L.P. (ETP): 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.

Energy Transfer Partners L.P ( ETP) pushed the Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day up 0.1%. By the end of trading, Energy Transfer Partners L.P rose 49 cents (1.1%) to $46.99 on average volume. Throughout the day, 1.3 million shares of Energy Transfer Partners L.P exchanged hands as compared to its average daily volume of 1.7 million shares. The stock ranged in a price between $46.43-$47 after having opened the day at $46.44 as compared to the previous trading day's close of $46.50. Other companies within the Basic Materials sector that increased today were: BioFuel Energy Corporation ( BIOF), up 13.2%, Tasman Metals ( TAS), up 9.1%, Core Laboratories N.V ( CLB), up 8.9%, and United States Antimony Corporation ( UAMY), up 8.1%.
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Energy Transfer Partners, L.P. engages in the natural gas midstream, and intrastate transportation and storage businesses in the United States. Energy Transfer Partners L.P has a market cap of $14.02 billion and is part of the energy industry. The company has a P/E ratio of 9.5, below the S&P 500 P/E ratio of 17.7. Shares are up 9.3% year to date as of the close of trading on Wednesday. Currently there are six analysts that rate Energy Transfer Partners L.P a buy, no analysts rate it a sell, and eight rate it a hold.

TheStreet Ratings rates Energy Transfer Partners L.P as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, reasonable valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, Zion Oil & Gas ( ZN), down 14.8%, Cabot Corporation ( CBT), down 12.9%, GeoGlobal Resources ( GGR), down 11.3%, and Oxford Resource Partners ( OXF), down 9.1%, were all laggards within the basic materials sector with Dow Chemical ( DOW) 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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