Analysts have been eager to weigh in on the Materials sector with new ratings on Apache (NYSE:APA), WPX Energy (NYSE:WPX) and Superior Energy (NYSE:SPN).
Apache (APA)
In a report released yesterday, Scott Hanold from RBC Capital reiterated a Hold rating on Apache, with a price target of $54. The company’s shares opened today at $46.01.
According to TipRanks.com, Hanold is a 1-star analyst with an average return of -0.9% and a 44.4% success rate. Hanold covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Contango Oil & Gas Company, and Sanchez Energy Corporation.
Currently, the analyst consensus on Apache is a Hold with an average price target of $48.75, which is a 6.0% upside from current levels. In a report issued on September 18, Edward Jones also downgraded the stock to Hold.
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WPX Energy (WPX)
In a report released yesterday, Brad Heffern from RBC Capital reiterated a Buy rating on WPX Energy, with a price target of $24. The company’s shares opened today at $18.50, close to its 52-week high of $19.78.
According to TipRanks.com, Heffern is a top 100 analyst with an average return of 27.9% and a 75.3% success rate. Heffern covers the Basic Materials sector, focusing on stocks such as Marathon Petroleum Corporation, Sanchez Energy Corporation, and Oasis Petroleum Inc.
Currently, the analyst consensus on WPX Energy is a Strong Buy with an average price target of $24.64.
Superior Energy (SPN)
In a report released yesterday, Kurt Hallead from RBC Capital reiterated a Hold rating on Superior Energy, with a price target of $15. The company’s shares opened today at $9.61.
According to TipRanks.com, Hallead is a 3-star analyst with an average return of 3.8% and a 44.8% success rate. Hallead covers the Basic Materials sector, focusing on stocks such as Independence Contract Drilling, Ncs Multistage Holdings Inc, and Baker Hughes a GE company.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Superior Energy with a $11.27 average price target, representing a 17.3% upside. In a report issued on September 10, Stifel Nicolaus also initiated coverage with a Hold rating on the stock with a $9 price target.
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