There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Newfield (NYSE:NFX) and EOG Resources (NYSE:EOG) with bullish sentiments.
Newfield (NFX)
In a report released today, David Kistler from Piper Jaffray maintained a Buy rating on Newfield. The company’s shares opened today at $29.21.
According to TipRanks.com, Kistler is a 4-star analyst with an average return of 10.3% and a 63.0% success rate. Kistler covers the Basic Materials sector, focusing on stocks such as Sanchez Energy Corporation, Whiting Petroleum Corp, and Continental Resources.
Newfield has an analyst consensus of Moderate Buy, with a price target consensus of $36.78.
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EOG Resources (EOG)
In a report released today, Kashy Harrison from Piper Jaffray maintained a Buy rating on EOG Resources. The company’s shares opened today at $126.55, close to its 52-week high of $131.60.
According to TipRanks.com, Harrison is a 3-star analyst with an average return of 4.4% and a 53.7% success rate. Harrison covers the Basic Materials sector, focusing on stocks such as Wildhorse Resource Development Corp, Sanchez Energy Corporation, and Continental Resources.
EOG Resources has an analyst consensus of Moderate Buy, with a price target consensus of $139.57.
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