Plains All American Pipeline LP (PAA): 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.

Plains All American Pipeline ( PAA) pushed the Basic Materials sector lower today making it today's featured Basic Materials laggard. The sector as a whole closed the day up 1.0%. By the end of trading, Plains All American Pipeline fell $0.75 (-1.3%) to $55.41 on average volume. Throughout the day, 889,712 shares of Plains All American Pipeline exchanged hands as compared to its average daily volume of 903,900 shares. The stock ranged in price between $55.29-$56.25 after having opened the day at $55.94 as compared to the previous trading day's close of $56.16. Other companies within the Basic Materials sector that declined today were: Samson Oil & Gas ( SSN), down 10.0%, Amyris ( AMRS), down 9.2%, Energy Fuels ( UUUU), down 4.7% and Double Eagle Petroleum Company ( DBLE), down 4.6%.

Plains All American Pipeline, L.P., together with its subsidiaries, is engaged in transporting, storing, terminalling, and marketing crude oil, natural gas liquids (NGL), natural gas, and refined products in the United States and Canada. Plains All American Pipeline has a market cap of $19.8 billion and is part of the energy industry. Shares are up 6.5% year to date as of the close of trading on Tuesday. Currently there are 13 analysts that rate Plains All American Pipeline a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Plains All American Pipeline as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, good cash flow from operations and notable return on equity. 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 positive front, James River Coal Company ( JRCC), up 20.5%, Solitario Exploration & Royalty ( XPL), up 15.3%, Mines Management ( MGN), up 14.7% and Revett Mining Company ( RVM), up 11.4% , were all gainers within the basic materials sector with Vale ( VALE) 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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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