Anadarko Petroleum Corp (APC): 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.

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 1.3%. By the end of trading, Anadarko Petroleum rose $1.19 (1.3%) to $94.02 on average volume. Throughout the day, 2,283,377 shares of Anadarko Petroleum exchanged hands as compared to its average daily volume of 2,808,000 shares. The stock ranged in a price between $93.14-$94.13 after having opened the day at $93.14 as compared to the previous trading day's close of $92.83. Other companies within the Basic Materials sector that increased today were: Prospect Global Resources ( PGRX), up 52.1%, Gulf Resources ( GURE), up 17.2%, Crosshair Energy ( CXZ), up 14.4% and China Green Agriculture ( CGA), up 10.6%.

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 $46.5 billion and is part of the energy industry. Shares are up 24.8% year to date as of the close of trading on Friday. Currently there are 17 analysts that rate Anadarko Petroleum a buy, no analysts rate it a sell, and 2 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 revenue growth, expanding profit margins, good cash flow from operations, compelling growth in net income and solid stock price performance. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the negative front, Lone Pine Resources ( LPR), down 7.2%, Lake Shore Gold ( LSG), down 7.2%, Mines Management ( MGN), down 6.5% and Paramount Gold and Silver Corporation ( PZG), down 6.4% , were all laggards within the basic materials sector with HollyFrontier ( HFC) 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.

null

More from Markets

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

Flashback Friday: The Market Movers

Flashback Friday: The Market Movers