3 Stocks Pushing The Basic Materials Sector Higher

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All three major indices are trading down today with the Dow Jones Industrial Average ( ^DJI) trading down 86 points (-0.5%) at 16,084 as of Friday, April 11, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,014 issues advancing vs. 1,941 declining with 158 unchanged.

The Basic Materials sector currently sits down 0.2% versus the S&P 500, which is down 0.3%. Top gainers within the sector include Buckeye Partners L.P ( BPL), up 2.6%, ConocoPhillips ( COP), up 1.8%, Pioneer Natural Resources Company ( PXD), up 1.8%, Energy Transfer Partners L.P ( ETP), up 1.8% and Magellan Midstream Partners L.P ( MMP), up 1.6%. On the negative front, top decliners within the sector include CF Industries Holdings ( CF), down 2.6%, Seadrill ( SDRL), down 2.2%, Transocean ( RIG), down 1.5%, BP ( BP), down 1.4% and Nucor ( NUE), down 1.2%.

TheStreet would like to highlight 3 stocks pushing the sector higher today:

3. Kinder Morgan Energy Partners ( KMP) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Kinder Morgan Energy Partners is up $0.69 (0.9%) to $77.45 on average volume. Thus far, 779,209 shares of Kinder Morgan Energy Partners exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $75.81-$77.53 after having opened the day at $76.59 as compared to the previous trading day's close of $76.76.

Kinder Morgan Energy Partners, L.P. operates as a pipeline transportation and energy storage company in North America. Kinder Morgan Energy Partners has a market cap of $24.3 billion and is part of the energy industry. Shares are down 4.8% year-to-date as of the close of trading on Thursday. Currently there are 6 analysts who rate Kinder Morgan Energy Partners a buy, 1 analyst rates it a sell, and 7 rate it a hold.

TheStreet Ratings rates Kinder Morgan Energy Partners as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income, good cash flow from operations, expanding profit margins 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. Get the full Kinder Morgan Energy Partners Ratings Report now.

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