Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Diamond Offshore Drilling (NYSE:DO) and Cloud Peak Energy Inc (NYSE:CLD).
Diamond Offshore Drilling (DO)
Jefferies analyst Eduardo Royes reiterated a Sell rating on Diamond Offshore Drilling today and set a price target of $16. The company’s shares opened today at $19.47.
According to TipRanks.com, Royes is a 1-star analyst with an average return of -3.2% and a 50.0% success rate. Royes covers the Basic Materials sector, focusing on stocks such as Mammoth Energy Services, Propetro Holding Corp, and Rowan Companies.
The word on The Street in general, suggests a Hold analyst consensus rating for Diamond Offshore Drilling with a $19 average price target.
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Cloud Peak Energy Inc (CLD)
In a report released today, Chris LaFemina from Jefferies reiterated a Hold rating on Cloud Peak Energy Inc, with a price target of $2.50. The company’s shares opened today at $2.71, close to its 52-week low of $2.53.
According to TipRanks.com, LaFemina is a 2-star analyst with an average return of 0.4% and a 54.5% success rate. LaFemina covers the Basic Materials sector, focusing on stocks such as Peabody Energy Corporation Comm, CONSOL Coal Resources LP, and Ramaco Resources Inc.
Cloud Peak Energy Inc has an analyst consensus of Hold, with a price target consensus of $2.83, which is a 4.4% upside from current levels. In a report issued on July 26, BMO Capital also reiterated a Hold rating on the stock with a $3 price target.
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