Analysts have been eager to weigh in on the Materials sector with new ratings on Marathon Oil (MRO), Marathon Petroleum Corporation (MPC) and National-Oilwell (NOV).
Marathon Oil (MRO)
RBC Capital analyst Scott Hanold reiterated a Hold rating on Marathon Oil today and set a price target of $20. The company’s shares opened today at $15.54.
According to TipRanks.com, Hanold ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -7.0% and a 36.6% success rate. Hanold covers the Basic Materials sector, focusing on stocks such as Jagged Peak Energy Inc, Anadarko Petroleum, and Devon Energy Corp.
Currently, the analyst consensus on Marathon Oil is a Strong Buy with an average price target of $22.33.
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Marathon Petroleum Corporation (MPC)
RBC Capital analyst Brad Heffern reiterated a Buy rating on Marathon Petroleum Corporation today and set a price target of $71. The company’s shares opened today at $61.87.
According to TipRanks.com, Heffern is a 5-star analyst with an average return of 11.2% and a 49.4% success rate. Heffern covers the Basic Materials sector, focusing on stocks such as Contango Oil & Gas Company, Sanchez Energy Corporation, and Continental Resources.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Marathon Petroleum Corporation with a $98.57 average price target, which is a 59.3% upside from current levels. In a report issued on December 26, Standpoint Research also initiated coverage with a Buy rating on the stock.
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National-Oilwell (NOV)
RBC Capital analyst Kurt Hallead reiterated a Hold rating on National-Oilwell today and set a price target of $38. The company’s shares opened today at $26.76, close to its 52-week low of $24.27.
According to TipRanks.com, Hallead is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -6.8% and a 34.4% success rate. Hallead covers the Basic Materials sector, focusing on stocks such as Ncs Multistage Holdings Inc, Covia Holdings Corporation, and Oceaneering International.
Currently, the analyst consensus on National-Oilwell is a Hold with an average price target of $39, which is a 45.7% upside from current levels. In a report issued on January 4, Citigroup also maintained a Hold rating on the stock with a $29 price target.
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