ETP, MWE, MT, LYB And POT, 5 Basic Materials Stocks Pushing The Sector Lower

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 42 points (-0.3%) at 15,847 as of Thursday, Dec. 5, 2013, 11:45 AM ET. The NYSE advances/declines ratio sits at 971 issues advancing vs. 1,916 declining with 131 unchanged.

The Basic Materials sector currently sits down 0.2% versus the S&P 500, which is down 0.4%. On the negative front, top decliners within the sector include Precision Drilling ( PDS), down 9.2%, El Paso Pipeline Partners ( EPB), down 3.2%, Magellan Midstream Partners L.P ( MMP), down 1.9%, Kinder Morgan ( KMI), down 1.6% and Goldcorp ( GG), down 1.5%. Top gainers within the sector include Cheniere Energy ( LNG), up 4.6%, Range Resources Corporation ( RRC), up 2.4%, Encana ( ECA), up 2.1%, Ecopetrol S.A ( EC), up 2.0% and FMC Technologies ( FTI), up 1.9%.

TheStreet would like to highlight 5 stocks pushing the sector lower today:

5. Energy Transfer Partners L.P ( ETP) is one of the companies pushing the Basic Materials sector lower today. As of noon trading, Energy Transfer Partners L.P is down $0.62 (-1.1%) to $53.87 on light volume. Thus far, 163,884 shares of Energy Transfer Partners L.P exchanged hands as compared to its average daily volume of 935,600 shares. The stock has ranged in price between $53.72-$54.39 after having opened the day at $54.34 as compared to the previous trading day's close of $54.49.

Energy Transfer Partners, L.P. engages in the natural gas midstream, and intrastate transportation and storage businesses in the United States. Energy Transfer Partners L.P has a market cap of $20.7 billion and is part of the energy industry. The company has a P/E ratio of 37.5, above the S&P 500 P/E ratio of 17.7. Shares are up 26.5% year to date as of the close of trading on Wednesday. Currently there are 6 analysts that rate Energy Transfer Partners L.P a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Energy Transfer Partners L.P as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, increase in stock price during the past year, increase in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Energy Transfer Partners L.P Ratings Report now.

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