Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Apache (APA) and Jagged Peak Energy Inc (JAG).
Apache (APA)
In a report issued on May 28, Jeanine Wai from Barclays maintained a Sell rating on Apache, with a price target of $31. The company’s shares closed yesterday at $26.66, close to its 52-week low of $24.56.
According to TipRanks.com, Wai has currently no stars on a ranking scale of 0-5 stars, with an average return of -9.4% and a 26.7% success rate. Wai covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Continental Resources, and Devon Energy Corp.
Apache has an analyst consensus of Hold, with a price target consensus of $37.67.
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Jagged Peak Energy Inc (JAG)
In a report issued on May 28, William S. Thompson from Barclays maintained a Hold rating on Jagged Peak Energy Inc, with a price target of $11. The company’s shares closed yesterday at $8.74, close to its 52-week low of $8.47.
According to TipRanks.com, Thompson is ranked #4374 out of 5167 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Jagged Peak Energy Inc with a $14.40 average price target.
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