Kinder Morgan Energy Partners LP (KMP): 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.

Kinder Morgan Energy Partners ( KMP) pushed the Basic Materials sector lower today making it today's featured Basic Materials laggard. The sector as a whole was unchanged today. By the end of trading, Kinder Morgan Energy Partners fell $1.20 (-1.5%) to $78.55 on average volume. Throughout the day, 1,798,765 shares of Kinder Morgan Energy Partners exchanged hands as compared to its average daily volume of 1,286,900 shares. The stock ranged in price between $78.50-$80.40 after having opened the day at $80.05 as compared to the previous trading day's close of $79.75. Other companies within the Basic Materials sector that declined today were: Northern Dynasty Minerals ( NAK), down 32.9%, HyperDynamics Corporation ( HDY), down 11.6%, USEC ( USU), down 10.1% and MagneGas Corporation ( MNGA), down 10.0%.

Looking for treating, processing, gathering, pipelines & storage businesses. and businesses on the compression side. Also, are interested in looking at new technologies they can deploy across their companies. Look at companies above $5MM EBITDA. Kinder Morgan Energy Partners has a market cap of $24.7 billion and is part of the energy industry. Shares are up 0.3% year to date as of the close of trading on Friday. Currently there are 5 analysts that rate Kinder Morgan Energy Partners a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Kinder Morgan Energy Partners 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, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front, Sonde Resources ( SOQ), up 18.4%, Recovery Energy ( RECV), up 16.1%, Rare Element Resources ( REE), up 13.2% and Avalon Rare Metals ( AVL), up 12.3% , were all gainers within the basic materials sector with CF Industries Holdings ( CF) 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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