Pioneer Natural Resources Company (PXD): 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.

Pioneer Natural Resources Company ( PXD) pushed the Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day up 0.1%. By the end of trading, Pioneer Natural Resources Company rose $6.18 (3.2%) to $201.18 on average volume. Throughout the day, 2,439,862 shares of Pioneer Natural Resources Company exchanged hands as compared to its average daily volume of 1,792,800 shares. The stock ranged in a price between $195.00-$204.17 after having opened the day at $195.05 as compared to the previous trading day's close of $195.00. Other companies within the Basic Materials sector that increased today were: Willbros Group ( WG), up 13.0%, Dril-Quip ( DRQ), up 12.2%, MagneGas Corporation ( MNGA), up 8.4% and North American Palladium ( PAL), up 8.3%.

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 $26.6 billion and is part of the energy industry. Shares are up 5.9% 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 negative front, Northern Dynasty Minerals ( NAK), down 32.9%, BioFuel Energy Corporation ( BIOF), down 15.9%, Recon Technology ( RCON), down 11.7% and Synthesis Energy Sys ( SYMX), down 10.8% , were all laggards within the basic materials sector with Petroleo Brasileiro SA Petrobras ( PBR.A) 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.

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