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

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 lower today making it today's featured Basic Materials laggard. The sector as a whole closed the day down 1.1%. By the end of trading, Suncor Energy fell $0.34 (-1.1%) to $32.04 on light volume. Throughout the day, 2,641,337 shares of Suncor Energy exchanged hands as compared to its average daily volume of 4,372,000 shares. The stock ranged in price between $31.94-$32.37 after having opened the day at $32.03 as compared to the previous trading day's close of $32.38. Other companies within the Basic Materials sector that declined today were: Sibanye Gold Ltd ADR ( SBGL), down 46.9%, Axiall ( AXLL), down 19.2%, Verenium Corporation ( VRNM), down 16.2% and Allied Nevada Gold ( ANV), down 14.7%.

Suncor Energy Inc., together with its subsidiaries, operates as an integrated energy company. Suncor Energy has a market cap of $49.0 billion and is part of the energy industry. Shares are down 1.8% year to date as of the close of trading on Tuesday. 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 good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, disappointing return on equity and deteriorating net income.

On the positive front, BMB Munai ( BMBM), up 24.5%, SMF Energy Corporation ( FUEL), up 12.5%, Tesco Corporation ( TESO), up 10.3% and Tetra Technologies ( TTI), up 9.3% , were all gainers within the basic materials sector with Devon Energy ( DVN) being today's featured basic materials sector leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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