Analysts have been eager to weigh in on the Materials sector with new ratings on Plains All American (NYSE:PAA) and Oasis Petroleum Inc (NYSE:OAS).
Plains All American (PAA)
In a report released yesterday, Tristan Richardson from SunTrust Robinson reiterated a Buy rating on Plains All American, with a price target of $29. The company’s shares closed yesterday at $26.74, close to its 52-week high of $26.75.
According to TipRanks.com, Richardson is a 3-star analyst with an average return of 4.5% and a 55.4% success rate. Richardson covers the Basic Materials sector, focusing on stocks such as Enterprise Products Partners LP, Valero Energy Partners, and Andeavor Logistics LP.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Plains All American with a $27.22 average price target, representing a 1.8% upside. In a report issued on July 27, Seaport Global also initiated coverage with a Buy rating on the stock with a $28 price target.
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Oasis Petroleum Inc (OAS)
SunTrust Robinson analyst Neal Dingmann reiterated a Sell rating on Oasis Petroleum Inc yesterday and set a price target of $12. The company’s shares closed yesterday at $12.63.
According to TipRanks.com, Dingmann is a 3-star analyst with an average return of 2.7% and a 51.3% success rate. Dingmann covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Contango Oil & Gas Company, and Sanchez Energy Corporation.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Oasis Petroleum Inc with a $16.21 average price target.
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