There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Contango Oil & Gas Company (MCF) and Pioneer Natural (PXD) with bullish sentiments.
Contango Oil & Gas Company (MCF)
In a report issued on November 8, Brad Heffern from RBC Capital reiterated a Buy rating on Contango Oil & Gas Company, with a price target of $6. The company’s shares opened today at $4.80.
According to TipRanks.com, Heffern is a 5-star analyst with an average return of 19.5% and a 58.9% success rate. Heffern covers the Basic Materials sector, focusing on stocks such as Marathon Petroleum Corporation, Sanchez Energy Corporation, and Continental Resources.
Currently, the analyst consensus on Contango Oil & Gas Company is a Moderate Buy with an average price target of $6.33.
See today’s analyst top recommended stocks >>
Pioneer Natural (PXD)
Scotiabank analyst Peter Kissel reiterated a Buy rating on Pioneer Natural today and set a price target of $263. The company’s shares opened today at $154.32.
According to TipRanks.com, Kissel is a 4-star analyst with an average return of 4.2% and a 50.8% success rate. Kissel covers the Basic Materials sector, focusing on stocks such as Jagged Peak Energy Inc, Continental Resources, and Occidental Petroleum.
Pioneer Natural has an analyst consensus of Strong Buy, with a price target consensus of $224.33, which is a 45.4% upside from current levels. In a report issued on October 29, IFS Securities, Inc also initiated coverage with a Buy rating on the stock with a $195 price target.
.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
