EOG Resources Inc (EOG): 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.

EOG Resources ( EOG) pushed the Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day down 0.3%. By the end of trading, EOG Resources rose $1.54 (1.6%) to $100.65 on average volume. Throughout the day, 4,993,652 shares of EOG Resources exchanged hands as compared to its average daily volume of 3,951,400 shares. The stock ranged in a price between $99.26-$101.50 after having opened the day at $99.37 as compared to the previous trading day's close of $99.11. Other companies within the Basic Materials sector that increased today were: Anadarko Petroleum ( APC), up 14.5%, Lucas Energy ( LEI), up 14.1%, Magellan Petroleum Corporation ( MPET), up 10.4% and MagneGas Corporation ( MNGA), up 4.8%.

EOG Resources, Inc., together with its subsidiaries, explores for, develops, produces, and markets crude oil and natural gas. EOG Resources has a market cap of $54.1 billion and is part of the energy industry. Shares are up 18.1% year to date as of the close of trading on Wednesday. Currently there are 22 analysts that rate EOG Resources a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates EOG Resources as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the negative front, KiOR ( KIOR), down 11.6%, Pacific Ethanol ( PEIX), down 8.6%, Recon Technology ( RCON), down 8.3% and Solitario Exploration & Royalty ( XPL), down 8.0% , were all laggards within the basic materials sector with Cheniere Energy ( LNG) 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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