Analysts have been eager to weigh in on the Materials sector with new ratings on EOG Resources (NYSE:EOG) and Enterprise Products Partners LP (NYSE:EPD).
EOG Resources (EOG)
In a report released today, Mark Lear from Jefferies reiterated a Hold rating on EOG Resources, with a price target of $122. The company’s shares closed yesterday at $124.32, close to its 52-week high of $128.03.
According to TipRanks.com, Lear is a 3-star analyst with an average return of 1.8% and a 50.6% success rate. Lear covers the Basic Materials sector, focusing on stocks such as CNX Resources Corporation, Whiting Petroleum Corp, and Jagged Peak Energy Inc.
Currently, the analyst consensus on EOG Resources is a Moderate Buy with an average price target of $137.64, implying a 10.7% 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.
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Enterprise Products Partners LP (EPD)
Jefferies analyst Christopher Sighinolfi reiterated a Buy rating on Enterprise Products Partners LP today and set a price target of $33. The company’s shares closed yesterday at $28.22.
According to TipRanks.com, Sighinolfi is a 5-star analyst with an average return of 11.4% and a 68.0% success rate. Sighinolfi covers the Basic Materials sector, focusing on stocks such as Energy Transfer Partners LP, Dcp Midstream Partners Lp, and National Fuel Gas Company.
Enterprise Products Partners LP has an analyst consensus of Strong Buy, with a price target consensus of $32.60, a 15.5% upside from current levels. In a report issued on July 12, BMO Capital also reiterated a Buy rating on the stock with a $34 price target.
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