Companies in the Materials sector have received a lot of coverage today as analysts weigh in on PDC Energy (NASDAQ: PDCE) and Oneok (NYSE: OKE).
PDC Energy (NASDAQ: PDCE)
In a report released today, Michael Scialla from Stifel Nicolaus maintained a Buy rating on PDC Energy (NASDAQ: PDCE), with a price target of $89. The company’s shares closed yesterday at $55.21.
According to TipRanks.com, Scialla is a 3-star analyst with an average return of 1.1% and a 54.0% success rate. Scialla covers the Basic Materials sector, focusing on stocks such as Sanchez Energy Corporation, Abraxas Petroleum Corp, and Jagged Peak Energy Inc.
Currently, the analyst consensus on PDC Energy is Strong Buy and the average price target is $73, representing a 32.2% upside.
In a report issued on April 24, Stephens also reiterated a Buy rating on the stock with a $73 price target.
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Oneok (NYSE: OKE)
In a report released today, Selman Akyol from Stifel Nicolaus maintained a Hold rating on Oneok (NYSE: OKE), with a price target of $62. The company’s shares closed yesterday at $62.57, close to its 52-week high of $63.15.
According to TipRanks.com, Akyol is a 3-star analyst with an average return of 1.0% and a 55.1% success rate. Akyol covers the Basic Materials sector, focusing on stocks such as Energy Transfer Partners LP, Dcp Midstream Partners Lp, and Spectra Energy Partners.
Oneok has an analyst consensus of Moderate Buy, with a price target consensus of $63.75.
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