Analysts Offer Insights on Materials Companies: Pioneer Natural (PXD) and Rowan Companies (RDC)


Analysts fell to the sidelines weighing in on Pioneer Natural (NYSE:PXD) and Rowan Companies (NYSE:RDC) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.

Pioneer Natural (PXD)

In a report issued on July 9, Biju Perincheril from Susquehanna reiterated a Hold rating on Pioneer Natural, with a price target of $211. The company’s shares closed yesterday at $184.55.

According to TipRanks.com, Perincheril is a 5-star analyst with an average return of 18.8% and a 70.7% success rate. Perincheril covers the Basic Materials sector, focusing on stocks such as CNX Resources Corporation, Whiting Petroleum Corp, and Jagged Peak Energy Inc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Pioneer Natural with a $239.47 average price target.

See today’s analyst top recommended stocks >>

Rowan Companies (RDC)

Susquehanna analyst Charles Minervino reiterated a Hold rating on Rowan Companies on July 9 and set a price target of $15. The company’s shares closed yesterday at $16.37, close to its 52-week high of $17.33.

According to TipRanks.com, Minervino has currently no stars on a ranking scale of 0-5 stars, with an average return of -6.6% and a 36.3% success rate. Minervino covers the Basic Materials sector, focusing on stocks such as Baker Hughes a GE company, Diamond Offshore Drilling, and Oil States International.

Rowan Companies has an analyst consensus of Moderate Buy, with a price target consensus of $17.40, which is a 6.3% upside from current levels. In a report issued on July 11, BMO Capital also reiterated a Hold rating on the stock with a $15 price target.

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