5 Stocks Pushing The Basic Materials Sector Higher

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 42 points (0.3%) at 14,338 as of Thursday, March 7, 2013, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,674 issues advancing vs. 1,197 declining with 153 unchanged.

The Basic Materials sector currently sits up 0.9% versus the S&P 500, which is up 0.2%. Top gainers within the sector include Petroleo Brasileiro SA Petrobras ( PBR.A), up 4.5%, Encana ( ECA), up 4.0%, Canadian Natural Resources ( CNQ), up 3.0%, EOG Resources ( EOG), up 1.5% and Eni SpA ( E), up 1.3%. A company within the sector that fell today was Valero Energy Corporation ( VLO), up 2.8%.

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

5. Suncor Energy ( SU) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Suncor Energy is up $0.52 (1.7%) to $30.84 on average volume Thus far, 1.7 million shares of Suncor Energy exchanged hands as compared to its average daily volume of 3.8 million shares. The stock has ranged in price between $30.50-$30.90 after having opened the day at $30.57 as compared to the previous trading day's close of $30.32.

Suncor Energy Inc., together with its subsidiaries, operates as an integrated energy company. Suncor Energy has a market cap of $45.7 billion and is part of the energy industry. The company has a P/E ratio of 16.7, below the S&P 500 P/E ratio of 17.7. Shares are down 8.1% year to date as of the close of trading on Wednesday. Currently there are 12 analysts that rate Suncor Energy a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Suncor Energy 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 reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. Get the full Suncor Energy Ratings Report now.

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