Analysts have been eager to weigh in on the Materials sector with new ratings on Marathon Petroleum Corporation (MPC) and National-Oilwell (NOV).
Marathon Petroleum Corporation (MPC)
In a report released today, Jason Gabelman from Cowen & Co. reiterated a Buy rating on Marathon Petroleum Corporation, with a price target of $87. The company’s shares closed on Friday at $65.16, close to its 52-week low of $60.64.
According to TipRanks.com, Gabelman is a 1-star analyst with an average return of -3.4% and a 30.8% success rate. Gabelman covers the Basic Materials sector, focusing on stocks such as Par Pacific Holdings, Cheniere Energy Inc, and Hollyfrontier Corp.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Marathon Petroleum Corporation with a $105.86 average price target, representing a 62.5% upside. In a report issued on November 20, Morgan Stanley also maintained a Buy rating on the stock with a $95 price target.
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National-Oilwell (NOV)
In a report released today, Marc Bianchi from Cowen & Co. reiterated a Hold rating on National-Oilwell, with a price target of $39. The company’s shares closed on Friday at $32.11, close to its 52-week low of $31.30.
According to TipRanks.com, Bianchi is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -14.8% and a 25.0% success rate. Bianchi covers the Basic Materials sector, focusing on stocks such as Independence Contract Drilling, Baker Hughes a GE company, and Diamond Offshore Drilling.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for National-Oilwell with a $43.62 average price target.
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