There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Weatherford (WFT) and WPX Energy (WPX) with bullish sentiments.
Weatherford (WFT)
In a report released yesterday, Daniel Boyd from BMO Capital reiterated a Buy rating on Weatherford, with a price target of $2.50. The company’s shares closed yesterday at $1.27, close to its 52-week low of $1.10.
According to TipRanks.com, Boyd has 0 stars on 0-5 star ranking scale with an average return of -8.8% and a 36.8% success rate. Boyd covers the Basic Materials sector, focusing on stocks such as C&J Energy Services Inc, Helmerich & Payne, and Nabors Industries.
Currently, the analyst consensus on Weatherford is a Hold with an average price target of $2.33, which is an 83.5% upside from current levels. In a report issued on October 30, Raymond James also maintained a Buy rating on the stock with a $3 price target.
.
See today’s analyst top recommended stocks >>
WPX Energy (WPX)
BMO Capital analyst Phillip Jungwirth reiterated a Buy rating on WPX Energy yesterday and set a price target of $20. The company’s shares closed yesterday at $16.11.
According to TipRanks.com, Jungwirth is a 3-star analyst with an average return of 2.3% and a 45.6% success rate. Jungwirth covers the Basic Materials sector, focusing on stocks such as Continental Resources, Anadarko Petroleum, and Devon Energy Corp.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for WPX Energy with a $26 average price target, implying a 61.4% upside from current levels. In a report issued on November 1, TD Securities also maintained a Buy rating on the stock with a $24 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.
