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Interested in gaining some exposure to the commodities sector? For a closer look at some interesting basic materials stocks, we ran a screen.

We began by screening the basic materials sector for stocks that appear undervalued relative to earnings growth, with PEG below 1, that are also technically oversold, with relative strength index readings over the last 14 days below 40.

We then screened for strong sales trends by comparing their growth in revenue to growth in inventory over the last year. We screened for stocks with positive sales trends, with faster growth in revenue than inventory over the last year. Since inventory represents the portion of goods not yet sold, faster growth in revenue than inventory is considered an encouraging sign.

To screen for strengthening liquidity, we also only focused on those companies with inventory decreasing as a percent of current assets.

For an interactive version of this chart, click on the image below. Analyst ratings sourced from Zacks Investment Research.

Tool provided by Kapitall.

Do you think these stocks are poised to move higher? Use this list as a starting point for your own analysis.

List sorted by increase in revenue over the last year.

1. Superior Energy Services, Inc. (NYSE:SPN): Provides specialized oilfield services and equipment to serve the production and drilling related needs of oil and gas companies. Market cap at $3.24B, most recent closing price at $20.02. PEG at 0.24. RSI(14) at 37.47. Revenue grew by 151.13% during the most recent quarter ($966.84M vs. $385M y/y). Inventory grew by 18.45% during the same time period ($278.23M vs. $234.89M y/y). Inventory, as a percentage of current assets, decreased from 32.94% to 18.27% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

2. Canadian Natural Resources Limited (NYSE:CNQ): Engages in the exploration, development, production, marketing, and sale of crude oil, natural gas liquids, and natural gas. Market cap at $30.76B, most recent closing price at $27.17. PEG at 0.65. RSI(14) at 35.21. Revenue grew by 25.69% during the most recent quarter ($4,218M vs. $3,356M y/y). Inventory grew by 15.3% during the same time period ($550M vs. $477M y/y). Inventory, as a percentage of current assets, decreased from 22.62% to 19.78% during the most recent quarter (comparing 3 months ending 2011-12-31 to 3 months ending 2010-12-31).

3. Schnitzer Steel Industries Inc. (NASDAQ:SCHN): Engages in recycling ferrous and nonferrous scrap metals, and used and salvaged vehicles; and manufacturing finished steel products. Market cap at $693.44M, most recent closing price at $24.91. PEG at 0.72. RSI(14) at 27.05. Revenue grew by 22.83% during the most recent quarter ($886.61M vs. $721.84M y/y). Inventory grew by -8.9% during the same time period ($324.82M vs. $356.56M y/y). Inventory, as a percentage of current assets, decreased from 58.96% to 50.56% during the most recent quarter (comparing 3 months ending 2012-02-29 to 3 months ending 2011-02-28).

4. Kraton Performance Polymers Inc. (NYSE:KRA): Produces styrenic block copolymers for use in industrial and consumer applications worldwide. Market cap at $617.07M, most recent closing price at $19.21. PEG at 0.76. RSI(14) at 36.27. Revenue grew by 18.41% during the most recent quarter ($408.31M vs. $344.83M y/y). Inventory grew by -2.17% during the same time period ($365.97M vs. $374.09M y/y). Inventory, as a percentage of current assets, decreased from 58.95% to 44.66% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

5. Murphy Oil Corporation (NYSE:MUR): Engages in the exploration and production of oil and gas properties worldwide. Market cap at $8.92B, most recent closing price at $45.41. PEG at 0.81. RSI(14) at 38.85. Revenue grew by 11.53% during the most recent quarter ($6,994.52M vs. $6,271.67M y/y). Inventory grew by -11.8% during the same time period ($661.68M vs. $750.18M y/y). Inventory, as a percentage of current assets, decreased from 19.13% to 17.39% during the most recent quarter (comparing 3 months ending 2012-03-31 to 3 months ending 2011-03-31).

*Accounting data sourced from Google Finance, all other data sourced from Finviz.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Source: 5 Undervalued And Oversold Basic Materials Stocks With Strong Inventory Trends