Analysts have been eager to weigh in on the Materials sector with new ratings on Diamondback (NASDAQ:FANG) and EQT Midstream (NYSE:EQM).
Diamondback (FANG)
BMO Capital analyst Dan McSpirit maintained a Hold rating on Diamondback today and set a price target of $135. The company’s shares closed yesterday at $120.46.
According to TipRanks.com, McSpirit is a 3-star analyst with an average return of 2.0% and a 44.9% success rate. McSpirit covers the Basic Materials sector, focusing on stocks such as HighPoint Resources Corporation, Sanchez Energy Corporation, and Jagged Peak Energy Inc.
Currently, the analyst consensus on Diamondback is a Strong Buy with an average price target of $166.23, which is a 38.0% upside from current levels. In a report issued on August 15, Williams Capital also maintained a Hold rating on the stock with a $165 price target.
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EQT Midstream (EQM)
In a report released today, Timothy Howard from Stifel Nicolaus maintained a Buy rating on EQT Midstream, with a price target of $62. The company’s shares closed yesterday at $54.20.
According to TipRanks.com, Howard is a 1-star analyst with an average return of -2.4% and a 50.0% 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 Moderate Buy analyst consensus rating for EQT Midstream with a $62.75 average price target.
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