Canadian Natural Resources Ltd (CNQ): 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.

Canadian Natural Resources ( CNQ) pushed the Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day down 1.2%. By the end of trading, Canadian Natural Resources rose $0.92 (2.6%) to $36.69 on heavy volume. Throughout the day, 6,618,552 shares of Canadian Natural Resources exchanged hands as compared to its average daily volume of 2,848,500 shares. The stock ranged in a price between $36.22-$37.53 after having opened the day at $36.27 as compared to the previous trading day's close of $35.77. Other companies within the Basic Materials sector that increased today were: Nabors Industries ( NBR), up 13.3%, China Petroleum & Chemical Corporation ( SNP), up 8.4%, U.S. Energy ( USEG), up 7.0% and Blackhawk Network Holdings ( HAWK), up 6.9%.

Canadian Natural Resources Limited engages in the exploration, development, production and marketing of crude oil, natural gas liquids, and natural gas. Canadian Natural Resources has a market cap of $38.1 billion and is part of the energy industry. Shares are up 5.7% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate Canadian Natural Resources a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Canadian Natural Resources as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations, increase in net income and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the negative front, SM Energy ( SM), down 17.1%, Great Panther Silver ( GPL), down 12.9%, USEC ( USU), down 10.9% and Mines Management ( MGN), down 9.9% , were all laggards within the basic materials sector with Barrick Gold Corporation ( ABX) 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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