Analysts Are Neutral on These Materials Stocks: Core Laboratories (CLB), Matador Resources (MTDR)


Analysts fell to the sidelines weighing in on Core Laboratories (CLB), Matador Resources (MTDR) and United States Steel (X) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

Core Laboratories (CLB)

In a report issued on January 30, Marc Bianchi from Cowen & Co. maintained a Hold rating on Core Laboratories, with a price target of $67. The company’s shares closed on Friday at $67.60, close to its 52-week low of $56.72.

According to TipRanks.com, Bianchi is ranked 0 out of 5 stars with an average return of -15.5% and a 25.3% success rate. Bianchi covers the Basic Materials sector, focusing on stocks such as Covia Holdings Corporation, Oceaneering International, and Propetro Holding Corp.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Core Laboratories with a $80 average price target, implying a 18.3% upside from current levels. In a report issued on January 22, Morgan Stanley also maintained a Hold rating on the stock with a $75 price target.

See today’s analyst top recommended stocks >>

Matador Resources (MTDR)

Cowen & Co. analyst Gabriel Daoud maintained a Hold rating on Matador Resources on January 30 and set a price target of $22. The company’s shares closed on Friday at $19.66.

According to TipRanks.com, Daoud is a 4-star analyst with an average return of 12.7% and a 47.8% success rate. Daoud covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Jagged Peak Energy Inc, and Cimarex Energy.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Matador Resources with a $28.22 average price target, representing a 43.5% upside. In a report issued on January 24, Wells Fargo also maintained a Hold rating on the stock.

United States Steel (X)

Cowen & Co. analyst Tyler Kenyon maintained a Hold rating on United States Steel on January 30 and set a price target of $22. The company’s shares closed on Friday at $22.04, close to its 52-week low of $17.09.

According to TipRanks.com, Kenyon is a 2-star analyst with an average return of 15.6% and a 100.0% success rate. Kenyon covers the Basic Materials sector, focusing on stocks such as Schnitzer Steel Industries, Cleveland-Cliffs Inc, and AK Steel Holding.

United States Steel has an analyst consensus of Hold, with a price target consensus of $23.63, representing a 7.2% upside. In a report issued on January 28, Morgan Stanley also upgraded the stock to Hold with a $21 price target.

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