E, TOT And DD, Pushing Basic Materials Sector Downward

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 79 points (0.6%) at 14,527 as of Tuesday, March 26, 2013, 12:49 PM ET. The NYSE advances/declines ratio sits at 1,808 issues advancing vs. 1,104 declining with 127 unchanged.

The Basic Materials sector currently is unchanged today versus the S&P 500, which is up 0.4%. A company within the sector that fell today was Potash Corporation of Saskatchewan ( POT), up 0.8%. Top gainers within the sector include Monsanto Company ( MON), up 3.9%, Ecopetrol S.A ( EC), up 1.5%, PetroChina ( PTR), up 1.0%, Anadarko Petroleum ( APC), up 1.0% and Royal Dutch Shell ( RDS.A), up 0.9%.

TheStreet Ratings group would like to highlight 3 stocks pushing the sector lower today:

3. Eni SpA ( E) is one of the companies pushing the Basic Materials sector lower today. As of noon trading, Eni SpA is down $0.53 (-1.1%) to $45.91 on light volume Thus far, 253,602 shares of Eni SpA exchanged hands as compared to its average daily volume of 747,500 shares. The stock has ranged in price between $45.73-$46.27 after having opened the day at $46.24 as compared to the previous trading day's close of $46.44.

Eni SpA, an integrated energy company, engages in the exploration, production, transportation, transformation, and marketing of oil and natural gas. Eni SpA has a market cap of $85.5 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 5.5% year to date as of the close of trading on Monday. Currently there are 6 analysts that rate Eni SpA a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Eni SpA as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Eni SpA Ratings Report now.

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