4 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 up today with the Dow Jones Industrial Average ( ^DJI) trading up 104 points (0.8%) at 14,004 as of Wednesday, Feb. 27, 2013, 12:05 PM ET. The NYSE advances/declines ratio sits at 2,181 issues advancing vs. 685 declining with 127 unchanged.

The Basic Materials sector currently sits up 0.8% versus the S&P 500, which is up 0.8%. On the negative front, top decliners within the sector include Anglogold Ashanti ( AU), down 2.0%, Goldcorp ( GG), down 1.3%, Newmont Mining Corporation ( NEM), down 1.4% and Barrick Gold Corporation ( ABX), down 1.2%. Top gainers within the sector include Range Resources Corporation ( RRC), up 3.7%, HollyFrontier ( HFC), up 3.4%, Tenaris ( TS), up 3.2%, Anadarko Petroleum ( APC), up 2.9% and Eastman Chemical Company ( EMN), up 3.3%.

TheStreet Ratings group would like to highlight 4 stocks pushing the sector lower today:

4. Eldorado Gold ( EGO) is one of the companies pushing the Basic Materials sector lower today. As of noon trading, Eldorado Gold is down $0.21 (-2.0%) to $10.16 on average volume Thus far, 2.2 million shares of Eldorado Gold exchanged hands as compared to its average daily volume of 3.2 million shares. The stock has ranged in price between $10.10-$10.38 after having opened the day at $10.38 as compared to the previous trading day's close of $10.37.

Eldorado Gold Corporation, together with its subsidiaries, engages in the exploration, development, mining, and production of gold properties in Brazil, China, Greece, and Turkey. Eldorado Gold has a market cap of $7.3 billion and is part of the metals & mining industry. The company has a P/E ratio of 23.1, above the S&P 500 P/E ratio of 17.7. Shares are down 19.5% year to date as of the close of trading on Tuesday. Currently there are 12 analysts that rate Eldorado Gold a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Eldorado Gold as a hold. The company's strengths can be seen in multiple areas, such as its 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 a generally disappointing performance in the stock itself, disappointing return on equity and weak operating cash flow. Get the full Eldorado Gold Ratings Report now.

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3. As of noon trading, Gold Fields ( GFI) is down $0.27 (-3.0%) to $8.63 on average volume Thus far, 1.9 million shares of Gold Fields exchanged hands as compared to its average daily volume of 4.4 million shares. The stock has ranged in price between $8.55-$8.72 after having opened the day at $8.67 as compared to the previous trading day's close of $8.90.

Gold Fields Limited engages in the acquisition, exploration, development, and production of gold properties. It holds interests in eight operating mines in South Africa, Peru, Ghana, and Australia. Gold Fields has a market cap of $6.4 billion and is part of the metals & mining industry. The company has a P/E ratio of 7.3, below the S&P 500 P/E ratio of 17.7. Shares are down 28.7% year to date as of the close of trading on Tuesday. Currently there is 1 analyst that rates Gold Fields a buy, no analysts rate it a sell, and 3 rate it a hold.

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

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2. As of noon trading, Weatherford International ( WFT) is down $0.29 (-2.4%) to $11.64 on heavy volume Thus far, 9.2 million shares of Weatherford International exchanged hands as compared to its average daily volume of 8.6 million shares. The stock has ranged in price between $11.30-$11.78 after having opened the day at $11.45 as compared to the previous trading day's close of $11.93.

Weatherford International Ltd. provides equipment and services used in the drilling, evaluation, completion, production, and intervention of oil and natural gas wells worldwide. Weatherford International has a market cap of $9.1 billion and is part of the energy industry. Shares are up 6.6% year to date as of the close of trading on Tuesday. Currently there are 14 analysts that rate Weatherford International a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates Weatherford International as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity. Get the full Weatherford International Ratings Report now.

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1. As of noon trading, Petroleo Brasileiro SA Petrobras ( PBR) is down $0.13 (-0.9%) to $14.75 on average volume Thus far, 7.3 million shares of Petroleo Brasileiro SA Petrobras exchanged hands as compared to its average daily volume of 15.9 million shares. The stock has ranged in price between $14.62-$15.07 after having opened the day at $14.91 as compared to the previous trading day's close of $14.88.

Petroleo Brasileiro S.A. operates as an integrated oil and gas company in Brazil and internationally. Petroleo Brasileiro SA Petrobras has a market cap of $97.2 billion and is part of the energy industry. The company has a P/E ratio of 4.8, below the S&P 500 P/E ratio of 17.7. Shares are down 23.6% year to date as of the close of trading on Tuesday. Currently there are 2 analysts that rate Petroleo Brasileiro SA Petrobras a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Petroleo Brasileiro SA Petrobras as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, attractive valuation levels and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and poor profit margins. Get the full Petroleo Brasileiro SA Petrobras Ratings Report now.

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If you are interested in one of these 5 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.

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