There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Newfield (NFX) and Noble Energy (NBL) with bullish sentiments.
Newfield (NFX)
In a report issued on November 25, Derrick Whitfield from Stifel Nicolaus reiterated a Buy rating on Newfield, with a price target of $36. The company’s shares closed yesterday at $17.05, close to its 52-week low of $16.96.
According to TipRanks.com, Whitfield is ranked 0 out of 5 stars with an average return of -10.6% and a 30.1% success rate. Whitfield covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Sundance Energy Australia, and Continental Resources.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Newfield with a $29 average price target, a 70.1% upside from current levels. In a report issued on November 15, Piper Jaffray also reiterated a Buy rating on the stock with a $37 price target.
.
See today’s analyst top recommended stocks >>
Noble Energy (NBL)
Stifel Nicolaus analyst Michael Scialla reiterated a Buy rating on Noble Energy on November 25 and set a price target of $43. The company’s shares closed yesterday at $23.99, close to its 52-week low of $23.49.
According to TipRanks.com, Scialla has currently no stars on a ranking scale of 0-5 stars, with an average return of -12.9% and a 25.1% success rate. Scialla covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Sanchez Energy Corporation, and Abraxas Petroleum Corp.
Noble Energy has an analyst consensus of Moderate Buy, with a price target consensus of $39.14, representing a 63.2% upside. In a report issued on November 15, Piper Jaffray also reiterated a Buy rating on the stock with a $37 price target.
.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
