There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Exxon Mobil (NYSE:XOM) and Earthstone Energy (NYSE MKT:ESTE) with bullish sentiments.
Exxon Mobil (XOM)
RBC Capital analyst Biraj Borkhataria maintained a Buy rating on Exxon Mobil today and set a price target of $105. The company’s shares opened today at $80.73.
According to TipRanks.com, Borkhataria is ranked #3256 out of 4850 analysts.
Currently, the analyst consensus on Exxon Mobil is a Hold with an average price target of $88.21, implying a 9.3% upside from current levels. In a report issued on July 30, Societe Generale also maintained a Buy rating on the stock with a $92 price target.
.
See today’s analyst top recommended stocks >>
Earthstone Energy (ESTE)
In a report released today, Jason Wangler from Imperial Capital maintained a Buy rating on Earthstone Energy, with a price target of $10. The company’s shares opened today at $8.45, close to its 52-week low of $7.80.
According to TipRanks.com, Wangler has 0 stars on 0-5 star ranking scale with an average return of -3.0% and a 37.7% success rate. Wangler covers the Basic Materials sector, focusing on stocks such as Eco-Stim Energy Solutions, Mammoth Energy Services, and California Resources.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Earthstone Energy with a $13.75 average price target.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
