Continental Resources Inc (CLR): 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.

Continental Resources ( CLR) pushed the Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole was unchanged today. By the end of trading, Continental Resources rose $2.97 (2.8%) to $110.83 on average volume. Throughout the day, 1,432,123 shares of Continental Resources exchanged hands as compared to its average daily volume of 1,194,900 shares. The stock ranged in a price between $108.65-$110.94 after having opened the day at $108.95 as compared to the previous trading day's close of $107.86. Other companies within the Basic Materials sector that increased today were: Senomyx ( SNMX), up 24.9%, China Gengsheng Minerals ( CHGS), up 18.2%, Recon Technology ( RCON), up 12.9% and AMCOL International Corporation ( ACO), up 12.3%.

Continental Resources, Inc. engages in the exploration, development, and production of crude oil and natural gas properties in the north, south, and east regions of the United States. Continental Resources has a market cap of $20.0 billion and is part of the energy industry. Shares are down 4.1% year to date as of the close of trading on Tuesday. Currently there are 15 analysts that rate Continental Resources a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Continental Resources as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

On the negative front, Prospect Global Resources ( PGRX), down 31.2%, North American Palladium ( PAL), down 11.8%, Minco Gold Corporation ( MGH), down 11.7% and Midcoast Energy Partners ( MEP), down 9.4% , were all laggards within the basic materials sector with Baker Hughes ( BHI) 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.

If you liked this article you might like

Broad Gains Push Wall Street Higher, S&P 500 on Track for Fifth Day of Gains

A Rebound in Crude and Energy Stocks Drives S&P 500 Higher for a Fifth Day

Continental Resources CEO Hamm: Crude Prices Below $40 'Not Sustainable'

Continental Resources COO Resigns After Five Weeks on the Job