Analysts Are Neutral on Top Materials Stocks: EOG Resources (EOG), Ensco Plc (ESV)


Analysts fell to the sidelines weighing in on EOG Resources (NYSE:EOG) and Ensco Plc (NYSE:ESV) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.

EOG Resources (EOG)

Susquehanna analyst Biju Perincheril reiterated a Hold rating on EOG Resources on July 9 and set a price target of $136. The company’s shares closed yesterday at $125.96, close to its 52-week high of $128.03.

According to TipRanks.com, Perincheril is a 5-star analyst with an average return of 18.8% and a 70.7% success rate. Perincheril covers the Basic Materials sector, focusing on stocks such as CNX Resources Corporation, Whiting Petroleum Corp, and Jagged Peak Energy Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for EOG Resources with a $135 average price target, implying a 7.2% upside from current levels. In a report issued on July 12, Morgan Stanley also initiated coverage with a Hold rating on the stock with a $128 price target.

.

See today’s analyst top recommended stocks >>

Ensco Plc (ESV)

In a report issued on July 9, Charles Minervino from Susquehanna reiterated a Hold rating on Ensco Plc, with a price target of $7. The company’s shares closed yesterday at $7.60, close to its 52-week high of $8.

According to TipRanks.com, Minervino has 0 stars on 0-5 star ranking scale with an average return of -6.6% and a 36.3% success rate. Minervino covers the Basic Materials sector, focusing on stocks such as Baker Hughes a GE company, Diamond Offshore Drilling, and Oil States International.

Ensco Plc has an analyst consensus of Moderate Buy, with a price target consensus of $7.

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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts