SandRidge Energy Inc (SD): 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.

SandRidge Energy ( SD) pushed the Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day down 0.9%. By the end of trading, SandRidge Energy rose 33 cents (6.1%) to $5.74 on average volume. Throughout the day, 9.6 million shares of SandRidge Energy exchanged hands as compared to its average daily volume of 11.8 million shares. The stock ranged in a price between $5.31-$5.76 after having opened the day at $5.42 as compared to the previous trading day's close of $5.41. Other companies within the Basic Materials sector that increased today were: Ferro ( FOE), up 30.8%, American Pacific Corporation ( APFC), up 9.6%, Gasco Energy ( GSX), up 9.1%, and American Vanguard Corporation ( AVD), up 8.6%.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

SandRidge Energy, Inc., together with its subsidiaries, operates as an independent natural gas and oil company in the United States. The company engages in the exploration, development, and production of oil and gas properties. SandRidge Energy has a market cap of $2.8 billion and is part of the energy industry. The company has a P/E ratio of 24.8, above the S&P 500 P/E ratio of 17.7. Shares are down 10.2% year to date as of the close of trading on Friday. Currently there are four analysts that rate SandRidge Energy a buy, two analysts rate it a sell, and 14 rate it a hold.

TheStreet Ratings rates SandRidge Energy as a sell. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk, poor profit margins and generally disappointing historical performance in the stock itself.

On the negative front, GMX Resources ( GMXR), down 18.4%, Northern Dynasty Minerals ( NAK), down 13.6%, Hecla Mining Company ( HL), down 12.3%, and Golden Minerals ( AUMN), down 12%, were all laggards within the basic materials sector with Apache Corporation ( APA) 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).

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.