There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Halliburton (NYSE:HAL) and Tellurian Inc (NASDAQ:TELL) with bullish sentiments.
Halliburton (HAL)
J.P. Morgan analyst Sean Meakim maintained a Buy rating on Halliburton today and set a price target of $60. The company’s shares closed on Friday at $38.63, close to its 52-week low of $35.75.
According to TipRanks.com, Meakim is ranked #4474 out of 4876 analysts.
Currently, the analyst consensus on Halliburton is a Strong Buy with an average price target of $53.19, implying a 37.7% upside from current levels. In a report issued on September 10, Stifel Nicolaus also initiated coverage with a Buy rating on the stock with a $45 price target.
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Tellurian Inc (TELL)
In a report released today, Ethan Bellamy from Robert W. Baird maintained a Buy rating on Tellurian Inc, with a price target of $17. The company’s shares closed on Friday at $8.64.
According to TipRanks.com, Bellamy is a 2-star analyst with an average return of 0.9% and a 55.5% success rate. Bellamy covers the Basic Materials sector, focusing on stocks such as Noble Midstream Partners LP, EnLink Midstream Partners, and Green Plains Partners.
Currently, the analyst consensus on Tellurian Inc is a Moderate Buy with an average price target of $15.50.
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