Oceaneering International (OII): 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.

Oceaneering International ( OII) pushed the Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day up 0.2%. By the end of trading, Oceaneering International rose $1.66 (2.2%) to $78.02 on average volume. Throughout the day, 915,236 shares of Oceaneering International exchanged hands as compared to its average daily volume of 711,000 shares. The stock ranged in a price between $76.47-$78.30 after having opened the day at $76.78 as compared to the previous trading day's close of $76.36. Other companies within the Basic Materials sector that increased today were: China Natural Resources ( CHNR), up 116.0%, Sinocoking Coal and Coke Chemicals ( SCOK), up 17.8%, Quaterra Resources ( QMM), up 17.7% and Tonix Pharmaceuticals ( TNXP), up 11.7%.

Oceaneering International, Inc., together with its subsidiaries, provides engineered services and products primarily to the offshore oil and gas industry with a focus on deepwater applications worldwide. Oceaneering International has a market cap of $8.5 billion and is part of the energy industry. Shares are down 3.2% year to date as of the close of trading on Thursday. Currently there are 9 analysts that rate Oceaneering International a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Oceaneering International as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins.

On the negative front, Golden Minerals ( AUMN), down 9.7%, Camac Energy ( CAK), down 9.2%, USEC ( USU), down 7.3% and WSP Holdings ( WH), down 6.5% , 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).

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