There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Matador Resources (NYSE:MTDR) and Marathon Petroleum Corporation (NYSE:MPC) with bullish sentiments.
Matador Resources (MTDR)
RBC Capital analyst Scott Hanold reiterated a Buy rating on Matador Resources on July 9 and set a price target of $42. The company’s shares closed yesterday at $31.81.
According to TipRanks.com, Hanold is a 4-star analyst with an average return of 4.2% and a 49.3% success rate. Hanold covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Contango Oil & Gas Company, and Continental Resources.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Matador Resources with a $39.57 average price target, which is a 24.4% upside from current levels. In a report issued on June 29, KLR Group also upgraded the stock to Buy with a $36 price target.
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Marathon Petroleum Corporation (MPC)
In a report issued on July 11, Brad Heffern from RBC Capital reiterated a Buy rating on Marathon Petroleum Corporation, with a price target of $86. The company’s shares closed yesterday at $71.74.
According to TipRanks.com, Heffern is a top 100 analyst with an average return of 31.5% and a 78.7% success rate. Heffern covers the Basic Materials sector, focusing on stocks such as Contango Oil & Gas Company, Sanchez Energy Corporation, and Continental Resources.
Currently, the analyst consensus on Marathon Petroleum Corporation is a Moderate Buy with an average price target of $93.75.
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