TRP, EPD And SDRL, 3 Basic Materials Stocks Pushing The Sector Lower

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.

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 22 points (0.1%) at 17,010 as of Monday, Sept. 15, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 891 issues advancing vs. 2,107 declining with 158 unchanged.

The Basic Materials sector currently sits down 0.5% versus the S&P 500, which is down 0.2%. On the negative front, top decliners within the sector include China Petroleum & Chemical ( SNP), down 6.2%, Alcoa ( AA), down 2.3%, POSCO ( PKX), down 1.3% and PetroChina ( PTR), down 1.0%.

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

3. TransCanada ( TRP) is one of the companies pushing the Basic Materials sector lower today. As of noon trading, TransCanada is down $0.66 (-1.2%) to $53.02 on heavy volume. Thus far, 1.4 million shares of TransCanada exchanged hands as compared to its average daily volume of 902,200 shares. The stock has ranged in price between $51.63-$53.08 after having opened the day at $52.49 as compared to the previous trading day's close of $53.68.

TransCanada Corporation operates as an energy infrastructure company in North America. The company operates in three segments: Natural Gas Pipelines, Oil Pipelines, and Energy. TransCanada has a market cap of $38.5 billion and is part of the energy industry. Shares are up 17.6% year-to-date as of the close of trading on Friday. Currently there are 2 analysts that rate TransCanada a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates TransCanada as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, expanding profit margins and good cash flow from operations. 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 TransCanada Ratings Report now.

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

2. As of noon trading, Enterprise Products Partners ( EPD) is down $0.55 (-1.4%) to $39.33 on average volume. Thus far, 1.6 million shares of Enterprise Products Partners exchanged hands as compared to its average daily volume of 2.2 million shares. The stock has ranged in price between $39.11-$39.74 after having opened the day at $39.70 as compared to the previous trading day's close of $39.88.

Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products in the United States and internationally. Enterprise Products Partners has a market cap of $77.2 billion and is part of the energy industry. Shares are up 20.3% year-to-date as of the close of trading on Friday. Currently there are 14 analysts that rate Enterprise Products Partners a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Enterprise Products Partners as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income and solid stock price performance. 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 Enterprise Products Partners Ratings Report now.

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

1. As of noon trading, Seadrill ( SDRL) is down $1.05 (-3.4%) to $29.82 on heavy volume. Thus far, 7.7 million shares of Seadrill exchanged hands as compared to its average daily volume of 4.2 million shares. The stock has ranged in price between $29.80-$30.62 after having opened the day at $30.50 as compared to the previous trading day's close of $30.87.

Seadrill Limited, an offshore drilling contractor, provides offshore drilling services to the oil and gas industry worldwide. The company operates in three segments: Floaters, Jack-up Rigs, and Tender Rigs. Seadrill has a market cap of $15.4 billion and is part of the energy industry. Shares are down 24.9% year-to-date as of the close of trading on Friday. Currently there are 2 analysts that rate Seadrill a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates Seadrill as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Seadrill Ratings Report now.

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 are interested in one of these 3 stocks, 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).

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