FMC Technologies Inc. (FTI): 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.

FMC Technologies ( FTI) pushed the Basic Materials sector lower today making it today's featured Basic Materials laggard. The sector as a whole closed the day up 0.7%. By the end of trading, FMC Technologies fell $0.66 (-1.3%) to $51.64 on light volume. Throughout the day, 1,110,610 shares of FMC Technologies exchanged hands as compared to its average daily volume of 1,991,200 shares. The stock ranged in price between $51.60-$52.69 after having opened the day at $52.62 as compared to the previous trading day's close of $52.30. Other companies within the Basic Materials sector that declined today were: TransAtlantic Petroleum ( TAT), down 23.6%, Northern Dynasty Minerals ( NAK), down 17.8%, MagneGas Corporation ( MNGA), down 13.5% and Kingold Jewelry ( KGJI), down 8.9%.

FMC Technologies, Inc. provides technology solutions for the energy industry worldwide. FMC Technologies has a market cap of $12.3 billion and is part of the energy industry. The company has a P/E ratio of 28.1, above the S&P 500 P/E ratio of 17.7. Shares are up 22.1% year to date as of the close of trading on Friday. Currently there are 17 analysts that rate FMC Technologies a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates FMC Technologies as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, good cash flow from operations, increase in stock price during the past year and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins.

On the positive front, Lilis Energy ( LLEX), up 25.0%, North American Palladium ( PAL), up 15.8%, Eagle Rock Energy Partners ( EROC), up 12.6% and Lightbridge ( LTBR), up 12.4% , were all gainers within the basic materials sector with Tesoro Corporation ( TSO) 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).

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