EOG Resources (EOG): 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.

EOG Resources ( EOG) pushed the Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day up 0.1%. By the end of trading, EOG Resources rose $3.33 (2.1%) to $165.33 on average volume. Throughout the day, 2,511,994 shares of EOG Resources exchanged hands as compared to its average daily volume of 1,876,400 shares. The stock ranged in a price between $161.18-$165.91 after having opened the day at $161.67 as compared to the previous trading day's close of $162.00. Other companies within the Basic Materials sector that increased today were: Ivanhoe Energy ( IVAN), up 18.8%, AK Steel Holding Corporation ( AKS), up 15.5%, USEC ( USU), up 15.4% and Rocket Fuel ( FUEL), up 13.6%.

EOG Resources, Inc., together with its subsidiaries, engages in the exploration, development, production, and marketing of crude oil and natural gas. EOG Resources has a market cap of $43.6 billion and is part of the energy industry. The company has a P/E ratio of 39.3, above the S&P 500 P/E ratio of 17.7. Shares are up 34.1% year to date as of the close of trading on Wednesday. Currently there are 19 analysts that rate EOG Resources a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates EOG Resources as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income, good cash flow from operations, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the negative front, Methes Energies International ( MEIL), down 13.9%, Andatee China Marine Fuel Services Corporat ( AMCF), down 12.9%, Banro Corporation ( BAA), down 11.4% and Dejour Energy ( DEJ), down 9.3% , were all laggards within the basic materials sector with Marathon Petroleum ( MPC) 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.

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