Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Buckeye Partners LP (NYSE:BPL) and Enable Midstream (NYSE:ENBL).
Buckeye Partners LP (BPL)
In a report released yesterday, Selman Akyol from Stifel Nicolaus reiterated a Buy rating on Buckeye Partners LP, with a price target of $43. The company’s shares closed on Friday at $36.36, close to its 52-week low of $32.03.
According to TipRanks.com, Akyol is a 4-star analyst with an average return of 3.0% and a 61.1% success rate. Akyol covers the Basic Materials sector, focusing on stocks such as Energy Transfer Partners LP, Dcp Midstream Partners Lp, and Spectra Energy Partners.
Buckeye Partners LP has an analyst consensus of Hold, with a price target consensus of $38.57.
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Enable Midstream (ENBL)
Stifel Nicolaus analyst Timothy Howard reiterated a Hold rating on Enable Midstream yesterday and set a price target of $19. The company’s shares closed on Friday at $18.31, close to its 52-week high of $19.24.
According to TipRanks.com, Howard is a 1-star analyst with an average return of -4.3% and a 43.8% success rate. Howard covers the Basic Materials sector, focusing on stocks such as Antero Midstream Partners, EnLink Midstream Partners, and Black Stone Minerals.
The word on The Street in general, suggests a Hold analyst consensus rating for Enable Midstream with a $18.25 average price target, implying a -0.3% downside from current levels. In a report issued on August 3, RBC Capital also reiterated a Hold rating on the stock with a $19 price target.
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