ConocoPhillips (COP): 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.

ConocoPhillips ( COP) pushed the Basic Materials sector lower today making it today's featured Basic Materials laggard. The sector as a whole closed the day down 1.6%. By the end of trading, ConocoPhillips fell $0.74 (-1.1%) to $69.48 on average volume. Throughout the day, 5,237,413 shares of ConocoPhillips exchanged hands as compared to its average daily volume of 5,478,900 shares. The stock ranged in price between $69.33-$70.24 after having opened the day at $70.24 as compared to the previous trading day's close of $70.22. Other companies within the Basic Materials sector that declined today were: North American Palladium ( PAL), down 15.8%, China Gengsheng Minerals ( CHGS), down 13.8%, Kingold Jewelry ( KGJI), down 13.5% and General Moly ( GMO), down 9.1%.

ConocoPhillips explores for, develops, and produces crude oil, bitumen, natural gas, liquefied natural gas, and natural gas liquids worldwide. ConocoPhillips has a market cap of $86.2 billion and is part of the energy industry. Shares are down 0.6% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate ConocoPhillips a buy, 3 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates ConocoPhillips as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, attractive valuation levels, expanding profit margins, good cash flow from operations 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 positive front, Harvest Natural Resources ( HNR), up 14.4%, Petroleo Brasileiro SA Petrobras ( PBR.A), up 8.1%, Golden Star Resources ( GSS), up 7.8% and Petroleo Brasileiro SA Petrobras ( PBR), up 6.8% , were all gainers within the basic materials sector with Teck Resources ( TCK) 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.

If you liked this article you might like

Occidental, RSP Permian Pumping More Shale Oil Than Expected, Goldman Says

Occidental, RSP Permian Pumping More Shale Oil Than Expected, Goldman Says

Live From NAPE: Oil and Gas Drillers Excited About $60 Oil

Live From NAPE: Oil and Gas Drillers Excited About $60 Oil

Energize Your Portfolio With 12 Stock Picks in Oil, Gas and Drilling Services

Energize Your Portfolio With 12 Stock Picks in Oil, Gas and Drilling Services

3 Game-Changing Areas Where Warren Buffett Should Spend Berkshire's Tax Windfall

3 Game-Changing Areas Where Warren Buffett Should Spend Berkshire's Tax Windfall

Walmart Closes Dozens of Sam's Clubs, Some Without Warning: LIVE MARKETS BLOG

Walmart Closes Dozens of Sam's Clubs, Some Without Warning: LIVE MARKETS BLOG