PBA, EC And SNP, 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.

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 97 points (0.6%) at 17,481 as of Wednesday, Nov. 5, 2014, 12:20 PM ET. The NYSE advances/declines ratio sits at 1,800 issues advancing vs. 1,144 declining with 202 unchanged.

The Basic Materials sector currently sits up 0.7% versus the S&P 500, which is up 0.5%. On the negative front, top decliners within the sector include Pioneer Natural Resources ( PXD), down 4.5%, HollyFrontier ( HFC), down 4.1%, Valero Energy ( VLO), down 2.2%, PetroChina ( PTR), down 1.9% and Petroleo Brasileiro SA Petrobras ( PBR), down 0.9%. Top gainers within the sector include Devon Energy ( DVN), up 9.7%, EOG Resources ( EOG), up 7.0%, Chesapeake Energy ( CHK), up 6.3%, Cenovus Energy ( CVE), up 4.6% and Southwestern Energy ( SWN), up 4.4%.

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

3. Pembina Pipeline ( PBA) is one of the companies pushing the Basic Materials sector lower today. As of noon trading, Pembina Pipeline is down $0.83 (-2.1%) to $39.40 on average volume. Thus far, 230,237 shares of Pembina Pipeline exchanged hands as compared to its average daily volume of 326,400 shares. The stock has ranged in price between $38.92-$39.84 after having opened the day at $39.71 as compared to the previous trading day's close of $40.23.

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

Pembina Pipeline Corporation provides transportation and midstream services for the energy industry in North America. It operates through four segments: Conventional Pipelines, Oil Sands and Heavy Oil, Gas Services, and Midstream. Pembina Pipeline has a market cap of $13.4 billion and is part of the energy industry. Shares are up 14.2% year-to-date as of the close of trading on Tuesday. Currently there are 2 analysts that rate Pembina Pipeline a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Pembina Pipeline 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, good cash flow from operations, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Pembina Pipeline 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, Ecopetrol ( EC) is down $0.13 (-0.5%) to $25.26 on heavy volume. Thus far, 624,883 shares of Ecopetrol exchanged hands as compared to its average daily volume of 554,100 shares. The stock has ranged in price between $24.65-$25.54 after having opened the day at $25.47 as compared to the previous trading day's close of $25.39.

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

Ecopetrol S.A., an integrated oil company, is engaged in the exploration, development, and production of crude oil and natural gas primarily in Colombia, Peru, Brazil, and the United States Gulf Coast. Ecopetrol has a market cap of $53.6 billion and is part of the energy industry. Shares are down 34.0% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst that rates Ecopetrol a buy, 3 analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates Ecopetrol as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and weak operating cash flow. Get the full Ecopetrol 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, China Petroleum & Chemical ( SNP) is down $1.17 (-1.4%) to $85.01 on light volume. Thus far, 47,626 shares of China Petroleum & Chemical exchanged hands as compared to its average daily volume of 165,900 shares. The stock has ranged in price between $84.40-$85.20 after having opened the day at $84.86 as compared to the previous trading day's close of $86.18.

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

China Petroleum & Chemical Corporation, an energy and chemical company, through its subsidiaries, is engaged in the oil and gas, and chemical operations in the People's Republic of China. China Petroleum & Chemical has a market cap of $99.8 billion and is part of the energy industry. Shares are up 4.9% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst that rates China Petroleum & Chemical a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates China Petroleum & Chemical as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full China Petroleum & Chemical 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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