There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Propetro Holding Corp (NYSE:PUMP) and Smart Sand Inc (NASDAQ:SND) with bullish sentiments.
Propetro Holding Corp (PUMP)
Piper Jaffray analyst John Daniel reiterated a Buy rating on Propetro Holding Corp on August 9 and set a price target of $21. The company’s shares closed on Friday at $17.33.
According to TipRanks.com, Daniel is a 3-star analyst with an average return of 3.0% and a 45.1% success rate. Daniel covers the Basic Materials sector, focusing on stocks such as Ranger Energy Services Inc, Mammoth Energy Services, and C&J Energy Services Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Propetro Holding Corp with a $19.60 average price target, implying a 13.1% upside from current levels. In a report issued on August 9, RBC Capital also reiterated a Buy rating on the stock with a $19 price target.
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Smart Sand Inc (SND)
Piper Jaffray analyst John Watson reiterated a Buy rating on Smart Sand Inc on August 10 and set a price target of $7.50. The company’s shares closed on Friday at $5.81, close to its 52-week low of $4.81.
According to TipRanks.com, Watson is a 4-star analyst with an average return of 17.0% and a 67.9% success rate. Watson covers the Basic Materials sector, focusing on stocks such as Solaris Oilfield Infrastructure Inc, US Silica Holdings, and Forum Energy Tech.
Currently, the analyst consensus on Smart Sand Inc is a Moderate Buy with an average price target of $9.25.
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