Analysts Offer Insights on Materials Companies: PDC Energy (PDCE) and Plains GP Holdings (PAGP)


Companies in the Materials sector have received a lot of coverage today as analysts weigh in on PDC Energy (NASDAQ:PDCE) and Plains GP Holdings (NYSE:PAGP).

PDC Energy (PDCE)

BMO Capital analyst Dan McSpirit reiterated a Hold rating on PDC Energy on August 10 and set a price target of $62. The company’s shares closed on Friday at $55.04.

According to TipRanks.com, McSpirit is a 3-star analyst with an average return of 3.6% and a 51.1% success rate. McSpirit covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Wildhorse Resource Development Corp, and HighPoint Resources Corporation.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for PDC Energy with a $73.90 average price target, a 34.3% upside from current levels. In a report issued on August 7, Macquarie also downgraded the stock to Hold with a $65 price target.

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See today’s analyst top recommended stocks >>

Plains GP Holdings (PAGP)

BMO Capital analyst Danilo Juvane reiterated a Buy rating on Plains GP Holdings yesterday and set a price target of $29. The company’s shares closed on Friday at $26.64, close to its 52-week high of $27.

According to TipRanks.com, Juvane is a 4-star analyst with an average return of 13.0% and a 77.6% success rate. Juvane covers the Basic Materials sector, focusing on stocks such as Cheniere Energy Partners LP Holdings LLC, Enterprise Products Partners LP, and Cheniere Energy Partners LP.

Plains GP Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $27.50, representing a 3.2% upside. In a report issued on August 8, SunTrust Robinson also reiterated a Buy rating on the stock with a $29 price target.

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