There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on SemGroup (NYSE:SEMG) and Keane Group Inc (NYSE:FRAC) with bullish sentiments.
SemGroup (SEMG)
In a report released today, Elvira Scotto from RBC Capital maintained a Buy rating on SemGroup, with a price target of $29. The company’s shares opened today at $25.45.
According to TipRanks.com, Scotto is a top 100 analyst with an average return of 24.0% and a 70.3% success rate. Scotto covers the Basic Materials sector, focusing on stocks such as Dcp Midstream Partners Lp, Spectra Energy Partners, and Green Plains Partners.
Currently, the analyst consensus on SemGroup is a Hold with an average price target of $27.
See today’s analyst top recommended stocks >>
Keane Group Inc (FRAC)
Citigroup analyst Scott Gruber maintained a Buy rating on Keane Group Inc today and set a price target of $17. The company’s shares opened today at $13.85.
According to TipRanks.com, Gruber is ranked #2379 out of 4850 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Keane Group Inc with a $17.38 average price target, implying a 25.5% upside from current levels. In a report issued on July 31, Jefferies also reiterated a Buy rating on the stock with a $18 price target.
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