4 Stocks Underperforming Today In The Basic Materials Sector

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 12 points (0.1%) at 14,943 as of Thursday, Sept. 5, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 1,432 issues advancing vs. 1,453 declining with 120 unchanged.

The Basic Materials sector currently sits up 0.3% versus the S&P 500, which is up 0.2%. On the negative front, top decliners within the sector include Newmont Mining Corporation ( NEM), down 3.7%, and Goldcorp ( GG), down 2.5%. Top gainers within the sector include Petroleo Brasileiro SA Petrobras ( PBR), up 5.5%, Schlumberger ( SLB), up 2.0%, Halliburton Company ( HAL), up 2.0%, Vale ( VALE), up 1.2% and Dow Chemical ( DOW), up 1.3%.

TheStreet would like to highlight 4 stocks pushing the sector lower today:

4. Statoil ASA ( STO) is one of the companies pushing the Basic Materials sector lower today. As of noon trading, Statoil ASA is down $0.18 (-0.8%) to $22.12 on average volume. Thus far, 748,713 shares of Statoil ASA exchanged hands as compared to its average daily volume of 1.6 million shares. The stock has ranged in price between $21.99-$22.15 after having opened the day at $22.04 as compared to the previous trading day's close of $22.30.

Statoil ASA, an integrated energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and petroleum-derived products in Norway and internationally. Statoil ASA has a market cap of $70.9 billion and is part of the energy industry. Shares are down 11.1% year to date as of the close of trading on Wednesday. Currently there are 3 analysts that rate Statoil ASA a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Statoil ASA as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. Get the full Statoil ASA Ratings Report now.

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

3. As of noon trading, Cabot Oil & Gas Corporation ( COG) is down $0.71 (-1.8%) to $38.72 on average volume. Thus far, 1.8 million shares of Cabot Oil & Gas Corporation exchanged hands as compared to its average daily volume of 3.5 million shares. The stock has ranged in price between $38.62-$39.76 after having opened the day at $39.65 as compared to the previous trading day's close of $39.43.

Cabot Oil & Gas Corporation, an independent oil and gas company, engages in the development, exploitation, exploration, production, and marketing of natural gas, crude oil, and natural gas liquids in the United States. Cabot Oil & Gas Corporation has a market cap of $16.8 billion and is part of the energy industry. Shares are up 58.5% year to date as of the close of trading on Wednesday. Currently there are 11 analysts that rate Cabot Oil & Gas Corporation a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Cabot Oil & Gas Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Cabot Oil & Gas Corporation Ratings Report now.

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

2. As of noon trading, Phillips 66 ( PSX) is down $0.57 (-1.0%) to $58.46 on average volume. Thus far, 1.6 million shares of Phillips 66 exchanged hands as compared to its average daily volume of 3.8 million shares. The stock has ranged in price between $58.20-$59.10 after having opened the day at $58.68 as compared to the previous trading day's close of $59.03.

Phillips 66 operates as an independent downstream energy company. The company operates in three segments: Refining and Marketing (R&M), Midstream, and Chemicals. Phillips 66 has a market cap of $35.5 billion and is part of the energy industry. Shares are up 11.2% year to date as of the close of trading on Wednesday. Currently there are 8 analysts that rate Phillips 66 a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Phillips 66 as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including poor profit margins, weak operating cash flow and unimpressive growth in net income. Get the full Phillips 66 Ratings Report now.

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

1. As of noon trading, Marathon Petroleum ( MPC) is down $1.05 (-1.4%) to $72.61 on light volume. Thus far, 1.1 million shares of Marathon Petroleum exchanged hands as compared to its average daily volume of 3.1 million shares. The stock has ranged in price between $72.49-$74.35 after having opened the day at $73.88 as compared to the previous trading day's close of $73.66.

Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, transporting, and marketing petroleum products primarily in the United States. It operates through Refining & Marketing, Speedway, and Pipeline Transportation segments. Marathon Petroleum has a market cap of $23.0 billion and is part of the energy industry. Shares are up 16.9% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate Marathon Petroleum a buy, 1 analyst rates it a sell, and 3 rate it a hold.

TheStreet Ratings rates Marathon Petroleum as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, attractive valuation levels, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full Marathon Petroleum Ratings Report now.

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

If you are interested in one of these 5 stocks, 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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