There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Ensco Plc (ESV) and SM Energy (SM) with bullish sentiments.
Ensco Plc (ESV)
Wells Fargo analyst Judson Bailey maintained a Buy rating on Ensco Plc today. The company’s shares opened today at $4.86, close to its 52-week low of $4.10.
According to TipRanks.com, Bailey is a 1-star analyst with an average return of -3.6% and a 29.0% success rate. Bailey covers the Basic Materials sector, focusing on stocks such as Ncs Multistage Holdings Inc, Select Energy Services Inc, and Baker Hughes a GE company.
Ensco Plc has an analyst consensus of Moderate Buy, with a price target consensus of $9.59.
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SM Energy (SM)
In a report released today, Gordon Douthat from Wells Fargo maintained a Buy rating on SM Energy. The company’s shares opened today at $19.32.
According to TipRanks.com, Douthat is a 4-star analyst with an average return of 9.8% and a 34.5% success rate. Douthat covers the Basic Materials sector, focusing on stocks such as Jagged Peak Energy Inc, Whiting Petroleum Corp, and Gulfport Energy Corp.
SM Energy has an analyst consensus of Moderate Buy, with a price target consensus of $33.11, which is a 71.4% upside from current levels. In a report issued on December 7, J.P. Morgan also maintained a Buy rating on the stock with a $25 price target.
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