There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Keane Group Inc (NYSE: FRAC) and Oasis Petroleum Inc (NYSE: OAS) with bullish sentiments.
Keane Group Inc (NYSE: FRAC)
In a report released today, Scott Gruber from Citigroup maintained a Buy rating on Keane Group Inc (NYSE: FRAC), with a price target of $19. The company’s shares closed yesterday at $15.87.
According to TipRanks.com, Gruber is a 3-star analyst with an average return of 4.0% and a 49.4% success rate. Gruber covers the Basic Materials sector, focusing on stocks such as Select Energy Services Inc, Diamond Offshore Drilling, and US Silica Holdings.
Currently, the analyst consensus on Keane Group Inc is Strong Buy and the average price target is $20.39, representing a 28.5% upside.
In a report issued on May 4, Cowen & Co. also reiterated a Buy rating on the stock with a $17 price target.
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Oasis Petroleum Inc (NYSE: OAS)
In a report released today, Betty Jing from Credit Suisse maintained a Buy rating on Oasis Petroleum Inc (NYSE: OAS), with a price target of $14. The company’s shares closed yesterday at $11.34.
According to TipRanks.com, Jing is a 3-star analyst with an average return of 4.1% and a 56.7% success rate. Jing covers the Basic Materials sector, focusing on stocks such as Continental Resources, Cimarex Energy, and RSP Permian.
Currently, the analyst consensus on Oasis Petroleum Inc is Moderate Buy and the average price target is $12.63, representing an 11.4% upside.
In a report issued on April 24, Stephens also reiterated a Buy rating on the stock with a $15 price target.
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