Analysts have been eager to weigh in on the Materials sector with new ratings on Pioneer Natural (PXD), Phillips 66 (PSX) and Energen Corp (EGN).
Pioneer Natural (PXD)
In a report released today, Devin McDermott from Morgan Stanley maintained a Buy rating on Pioneer Natural, with a price target of $218. The company’s shares opened today at $153.88.
According to TipRanks.com, McDermott is a 2-star analyst with an average return of 1.0% and a 35.5% success rate. McDermott covers the Basic Materials sector, focusing on stocks such as Gulfport Energy Corp, Occidental Petroleum, and Range Resources Corp.
Pioneer Natural has an analyst consensus of Strong Buy, with a price target consensus of $242.45, implying a 57.6% upside from current levels. In a report issued on November 13, Scotiabank also reiterated a Buy rating on the stock with a $263 price target.
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Phillips 66 (PSX)
In a report released today, Benny Wong from Morgan Stanley maintained a Hold rating on Phillips 66, with a price target of $120. The company’s shares opened today at $93.46, close to its 52-week low of $89.14.
According to TipRanks.com, Wong is ranked 0 out of 5 stars with an average return of -12.1% and a 27.6% success rate. Wong covers the Basic Materials sector, focusing on stocks such as Marathon Petroleum Corporation, Valero Energy Corp, and Encana Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Phillips 66 with a $129 average price target.
Energen Corp (EGN)
In a report released today, Drew Venker from Morgan Stanley maintained a Hold rating on Energen Corp, with a price target of $74. The company’s shares opened today at $71.96.
According to TipRanks.com, Venker ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -9.1% and a 29.2% success rate. Venker covers the Basic Materials sector, focusing on stocks such as Whiting Petroleum Corp, Continental Resources, and Range Resources Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Energen Corp with a $86.17 average price target, a 19.7% upside from current levels. In a report issued on November 12, BMO Capital also reiterated a Hold rating on the stock with a $78 price target.
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