Petroleo Brasileiro SA Petrobras (PBR): Today's Featured Basic Materials Laggard

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Petroleo Brasileiro SA Petrobras ( PBR) pushed the Basic Materials sector lower today making it today's featured Basic Materials laggard. The sector as a whole closed the day down 1.0%. By the end of trading, Petroleo Brasileiro SA Petrobras fell $0.52 (-3.4%) to $14.87 on average volume. Throughout the day, 19,237,309 shares of Petroleo Brasileiro SA Petrobras exchanged hands as compared to its average daily volume of 19,853,400 shares. The stock ranged in price between $14.84-$15.41 after having opened the day at $15.41 as compared to the previous trading day's close of $15.39. Other companies within the Basic Materials sector that declined today were: Lake Shore Gold ( LSG), down 17.1%, Lone Pine Resources ( LPR), down 12.9%, Cardero Resources Corporation ( CDY), down 11.0% and Andatee China Marine Fuel Services Corporat ( AMCF), down 9.8%.

Petroleo Brasileiro S.A. - Petrobras operates as an integrated oil and gas company in Brazil and internationally. Petroleo Brasileiro SA Petrobras has a market cap of $100.2 billion and is part of the energy industry. Shares are down 21.1% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Petroleo Brasileiro SA Petrobras a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Petroleo Brasileiro SA Petrobras as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and poor profit margins.

On the positive front, Ivanhoe Energy ( IVAN), up 26.8%, Methes Energies International ( MEIL), up 23.3%, Global Eagle Entertainment ( ENT), up 14.2% and Camac Energy ( CAK), up 13.4% , were all gainers within the basic materials sector with Cheniere Energy ( LNG) 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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