Whiting Petroleum Corporation (WLL): 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.

Whiting Petroleum Corporation ( WLL) pushed the Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day down 0.5%. By the end of trading, Whiting Petroleum Corporation rose $0.83 (1.4%) to $62.38 on heavy volume. Throughout the day, 2,565,832 shares of Whiting Petroleum Corporation exchanged hands as compared to its average daily volume of 1,481,800 shares. The stock ranged in a price between $61.40-$63.08 after having opened the day at $62.28 as compared to the previous trading day's close of $61.55. Other companies within the Basic Materials sector that increased today were: Entree Gold ( EGI), up 19.5%, Kimber Resources ( KBX), up 15.8%, Kimber Resources ( KBXR), up 15.8% and Golden Star Resources ( GSS), up 15.3%.

Whiting Petroleum Corporation, an independent oil and gas company, engages in the acquisition, exploration, exploitation, development, and production of crude oil, natural gas liquids, and natural gas in the United States. Whiting Petroleum Corporation has a market cap of $6.8 billion and is part of the energy industry. Shares are up 33.1% year to date as of the close of trading on Wednesday. Currently there are 21 analysts that rate Whiting Petroleum Corporation a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Whiting Petroleum Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the negative front, GeoPetro Resources Company ( GPR), down 26.2%, China Gengsheng Minerals ( CHGS), down 16.7%, KiOR ( KIOR), down 7.8% and ZaZa Energy ( ZAZA), down 7.6% , were all laggards within the basic materials sector with Kinder Morgan ( KMI) 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

Jim Cramer on Micron: Listen to the Conference Call

Jim Cramer on Micron: Listen to the Conference Call

Jim Cramer on Intel CEO Brian Krzanich's Resignation: I Wish Him Well

Jim Cramer on Intel CEO Brian Krzanich's Resignation: I Wish Him Well

Jim Cramer: Disney Has Much More Staying Power Worldwide Than Netflix

Jim Cramer: Disney Has Much More Staying Power Worldwide Than Netflix

Stocks Tumble as Dow Heads for Eighth Straight Drop

Stocks Tumble as Dow Heads for Eighth Straight Drop

Video: Here's Why One Markets Pro Is Raising Cash Right Now

Video: Here's Why One Markets Pro Is Raising Cash Right Now