Analysts have been eager to weigh in on the Materials sector with new ratings on Laredo Petroleum (LPI), National-Oilwell (NOV) and Summit Materials (SUM).
Laredo Petroleum (LPI)
Robert W. Baird analyst Joseph Allman maintained a Hold rating on Laredo Petroleum today and set a price target of $3. The company’s shares opened today at $3.76, close to its 52-week low of $3.
According to TipRanks.com, Allman is ranked 0 out of 5 stars with an average return of -12.7% and a 27.0% success rate. Allman covers the Basic Materials sector, focusing on stocks such as Whiting Petroleum Corp, Cimarex Energy, and SRC Energy Inc.
Currently, the analyst consensus on Laredo Petroleum is a Moderate Buy with an average price target of $6.93.
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National-Oilwell (NOV)
Citigroup analyst Scott Gruber maintained a Hold rating on National-Oilwell today and set a price target of $29. The company’s shares opened today at $26.25, close to its 52-week low of $24.27.
According to TipRanks.com, Gruber is a 1-star analyst with an average return of -2.5% and a 38.1% success rate. Gruber covers the Basic Materials sector, focusing on stocks such as Ncs Multistage Holdings Inc, Oceaneering International, and C&J Energy Services Inc.
The word on The Street in general, suggests a Hold analyst consensus rating for National-Oilwell with a $39.58 average price target, representing a 50.8% upside. In a report issued on December 20, UBS also maintained a Hold rating on the stock with a $28 price target.
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Summit Materials (SUM)
In a report released today, Scott Schrier from Citigroup maintained a Buy rating on Summit Materials, with a price target of $18. The company’s shares opened today at $12.97, close to its 52-week low of $11.25.
According to TipRanks.com, Schrier is a 1-star analyst with an average return of -4.6% and a 25.0% success rate. Schrier covers the Consumer Goods sector, focusing on stocks such as Green Brick Partners, Taylor Morrison, and William Lyon.
Summit Materials has an analyst consensus of Strong Buy, with a price target consensus of $22.43.
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