Pioneer Natural Resources Company (PXD): 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.

Pioneer Natural Resources Company ( PXD) pushed the Basic Materials sector lower today making it today's featured Basic Materials laggard. The sector as a whole was unchanged today. By the end of trading, Pioneer Natural Resources Company fell $2.52 (-1.3%) to $187.08 on average volume. Throughout the day, 1,438,783 shares of Pioneer Natural Resources Company exchanged hands as compared to its average daily volume of 1,821,500 shares. The stock ranged in price between $186.43-$190.50 after having opened the day at $190.24 as compared to the previous trading day's close of $189.60. Other companies within the Basic Materials sector that declined today were: China Gengsheng Minerals ( CHGS), down 17.4%, Endeavour International ( END), down 12.4%, Synthesis Energy Sys ( SYMX), down 8.4% and Cabot Oil & Gas Corporation ( COG), down 8.2%.

Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States. The company produces and sells oil, natural gas liquids (NGL), and gas. Pioneer Natural Resources Company has a market cap of $26.1 billion and is part of the energy industry. Shares are up 2.2% year to date as of the close of trading on Thursday. Currently there are 16 analysts that rate Pioneer Natural Resources Company a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Pioneer Natural Resources Company as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and generally higher debt management risk.

On the positive front, Ikonics Corporation ( IKNX), up 51.6%, Solitario Exploration & Royalty ( XPL), up 22.8%, GeoPark ( GPRK), up 10.6% and James River Coal Company ( JRCC), up 8.4% , were all gainers within the basic materials sector with Agrium ( AGU) 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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