Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Patterson-UTI (NASDAQ:PTEN) and Dcp Midstream Partners Lp (NYSE:DCP).
Patterson-UTI (PTEN)
BMO Capital analyst Daniel Boyd reiterated a Buy rating on Patterson-UTI today and set a price target of $21. The company’s shares closed yesterday at $16.82.
According to TipRanks.com, Boyd ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -6.6% and a 38.6% success rate. Boyd covers the Basic Materials sector, focusing on stocks such as C&J Energy Services Inc, Schlumberger Limited, and Nabors Industries.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Patterson-UTI with a $23.61 average price target, which is a 40.4% upside from current levels. In a report issued on July 26, RBC Capital also reiterated a Buy rating on the stock with a $28 price target.
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Dcp Midstream Partners Lp (DCP)
RBC Capital analyst Elvira Scotto reiterated a Hold rating on Dcp Midstream Partners Lp yesterday and set a price target of $49. The company’s shares closed yesterday at $44.73, close to its 52-week high of $46.06.
According to TipRanks.com, Scotto is a top 100 analyst with an average return of 23.9% and a 70.0% success rate. Scotto covers the Basic Materials sector, focusing on stocks such as Spectra Energy Partners, Green Plains Partners, and Buckeye Partners LP.
Currently, the analyst consensus on Dcp Midstream Partners Lp is a Hold with an average price target of $42.
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