There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Viper Energy (NASDAQ:VNOM) and Laredo Petroleum (NYSE:LPI) with bullish sentiments.
Viper Energy (VNOM)
In a report released yesterday, David Kistler from Piper Jaffray reiterated a Buy rating on Viper Energy, with a price target of $39. The company’s shares closed on Friday at $35.64, close to its 52-week high of $36.14.
According to TipRanks.com, Kistler is a 4-star analyst with an average return of 8.6% and a 57.4% success rate. Kistler covers the Basic Materials sector, focusing on stocks such as Wildhorse Resource Development Corp, Sanchez Energy Corporation, and Whiting Petroleum Corp.
Viper Energy has an analyst consensus of Strong Buy, with a price target consensus of $38.83, implying an 9.0% upside from current levels. In a report issued on August 1, TD Securities also reiterated a Buy rating on the stock with a $39 price target.
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Laredo Petroleum (LPI)
In a report released yesterday, Kashy Harrison from Piper Jaffray reiterated a Buy rating on Laredo Petroleum, with a price target of $14. The company’s shares closed on Friday at $8.57.
According to TipRanks.com, Harrison is ranked #1893 out of 4846 analysts.
Laredo Petroleum has an analyst consensus of Moderate Buy, with a price target consensus of $13.20.
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