Pioneer Natural Resources Company (PXD): 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

Pioneer Natural Resources Company ( PXD) 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, Pioneer Natural Resources Company rose $4.25 (3.2%) to $137.79 on average volume. Throughout the day, 2,560,880 shares of Pioneer Natural Resources Company exchanged hands as compared to its average daily volume of 1,786,100 shares. The stock ranged in a price between $134.29-$138.87 after having opened the day at $134.76 as compared to the previous trading day's close of $133.54. Other companies within the Basic Materials sector that increased today were: GeoPetro Resources Company ( GPR), up 35.4%, L & L Energy ( LLEN), up 14.6%, Uranerz Energy Corporation ( URZ), up 14.4% and Magnum Hunter Resources Corportion ( MHR), up 11.2%.
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Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States and South Africa. The company produces and sells oil, natural gas liquid (NGL), and gas. Pioneer Natural Resources Company has a market cap of $17.7 billion and is part of the energy industry. The company has a P/E ratio of 264.6, above the S&P 500 P/E ratio of 17.7. Shares are up 25.3% year to date as of the close of trading on Monday. Currently there are 16 analysts that rate Pioneer Natural Resources Company a buy, 1 analyst rates it a sell, and 8 rate it a hold.

TheStreet Ratings rates Pioneer Natural Resources Company as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the negative front, BMB Munai ( BMBM), down 29.7%, Genie Energy Ltd Common Stock B ( GNE), down 14.6%, USEC ( USU), down 13.6% and Banro Corporation ( BAA), down 9.4% , were all laggards within the basic materials sector with Newmont Mining Corporation ( NEM) 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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