Anadarko Petroleum Corp (APC): 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

Anadarko Petroleum ( APC) pushed the Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day up 0.3%. By the end of trading, Anadarko Petroleum rose $1.96 (2.3%) to $88.77 on average volume. Throughout the day, 3,398,188 shares of Anadarko Petroleum exchanged hands as compared to its average daily volume of 3,361,000 shares. The stock ranged in a price between $86.89-$88.90 after having opened the day at $86.96 as compared to the previous trading day's close of $86.81. Other companies within the Basic Materials sector that increased today were: Crosshair Energy ( CXZ), up 17.6%, China Gerui Advanced Materials Group ( CHOP), up 12.6%, InterOil Corporation ( IOC), up 9.6% and Warren Resources ( WRES), up 9.1%.
  • EXCLUSIVE OFFER: Jim Cramer's Protege, 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.

Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of natural gas, crude oil, condensate, and natural gas liquids (NGLs) in the United States and internationally. Anadarko Petroleum has a market cap of $43.4 billion and is part of the energy industry. The company has a P/E ratio of 63.1, above the S&P 500 P/E ratio of 17.7. Shares are up 16.3% year to date as of the close of trading on Monday. Currently there are 20 analysts that rate Anadarko Petroleum a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Anadarko Petroleum as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, solid stock price performance, good cash flow from operations, expanding profit margins and impressive record of earnings per share growth. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the negative front, BMB Munai ( BMBM), down 16.7%, Torch Energy Royalty ( TRU), down 14.2%, Prospect Global Resources ( PGRX), down 13.3% and Houston American Energy Corporation ( HUSA), down 8.3% , were all laggards within the basic materials sector with Peabody Energy Corporation ( BTU) 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).

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.

null

More from Markets

Three Big Factors That Rocked the Stock Market Tuesday

Three Big Factors That Rocked the Stock Market Tuesday

Dow Tumbles Over 400 Points; S&P 500 and Nasdaq Also Finish Lower

Dow Tumbles Over 400 Points; S&P 500 and Nasdaq Also Finish Lower

Caterpillar Bulldozes Industrial Sector With Bad News on Earnings Call

Caterpillar Bulldozes Industrial Sector With Bad News on Earnings Call

Jim Cramer: If You're Afraid of the 10-Year Yield, Go to Cash

Jim Cramer: If You're Afraid of the 10-Year Yield, Go to Cash

Eli Lilly CEO Expresses Confidence in New Rheumatoid Arthritis Drug

Eli Lilly CEO Expresses Confidence in New Rheumatoid Arthritis Drug