Murphy Oil Corporation (MUR): 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.

Murphy Oil Corporation ( MUR) pushed the Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day down 1.0%. By the end of trading, Murphy Oil Corporation rose $1.61 (2.5%) to $67.42 on heavy volume. Throughout the day, 2,254,395 shares of Murphy Oil Corporation exchanged hands as compared to its average daily volume of 1,279,500 shares. The stock ranged in a price between $65.99-$67.53 after having opened the day at $66.07 as compared to the previous trading day's close of $65.81. Other companies within the Basic Materials sector that increased today were: Constellation Energy Partners ( CEP), up 14.5%, Lone Pine Resources ( LPR), up 13.4%, China Gengsheng Minerals ( CHGS), up 9.8% and United States Antimony Corporation ( UAMY), up 9.3%.

Murphy Oil Corporation engages in the exploration and production of oil and gas properties worldwide. It is also involved in oil and gas refining and marketing activities. The company explores for and produces crude oil, natural gas, and natural gas liquids. Murphy Oil Corporation has a market cap of $12.3 billion and is part of the energy industry. Shares are up 10.5% year to date as of the close of trading on Thursday. Currently there are 4 analysts that rate Murphy Oil Corporation a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Murphy Oil Corporation 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 low profit margins.

On the negative front, Crosshair Energy ( CXZ), down 19.1%, Entree Gold ( EGI), down 12.8%, Midway Gold ( MDW), down 9.7% and Tasman Metals ( TAS), down 8.7% , were all laggards within the basic materials sector with Phillips 66 ( PSX) 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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