Suncor Energy Inc (SU): Today's Featured Basic Materials Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Suncor Energy ( SU) pushed the Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day up 0.8%. By the end of trading, Suncor Energy rose $0.34 (1.1%) to $32.30 on average volume. Throughout the day, 4,547,826 shares of Suncor Energy exchanged hands as compared to its average daily volume of 5,014,600 shares. The stock ranged in a price between $31.93-$32.54 after having opened the day at $31.99 as compared to the previous trading day's close of $31.96. Other companies within the Basic Materials sector that increased today were: Alexco Resource ( AXU), up 18.5%, International Tower Hill Mines ( THM), up 16.9%, Quest Rare Minerals ( QRM), up 16.4% and Banro Corporation ( BAA), up 16.2%.

Suncor Energy Inc., together with its subsidiaries, operates as an integrated energy company. Suncor Energy has a market cap of $48.0 billion and is part of the energy industry. Shares are down 3.1% year to date as of the close of trading on Monday. Currently there are 12 analysts that rate Suncor Energy a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Suncor Energy as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, 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.

On the negative front, Crosshair Energy ( CXZ), down 10.3%, MagneGas Corporation ( MNGA), down 8.5%, Uranerz Energy Corporation ( URZ), down 8.4% and Lone Pine Resources ( LPR), down 8.0% , were all laggards within the basic materials sector with Noble Energy ( NBL) 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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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