Analysts have been eager to weigh in on the Materials sector with new ratings on Sanchez Energy Corporation (NYSE:SN) and Wildhorse Resource Development Corp (NYSE:WRD).
Sanchez Energy Corporation (SN)
In a report released yesterday, Neal Dingmann from SunTrust Robinson reiterated a Hold rating on Sanchez Energy Corporation, with a price target of $4. The company’s shares closed yesterday at $3.08, close to its 52-week low of $2.78.
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 Penn Virginia Corporation.
The word on The Street in general, suggests a Hold analyst consensus rating for Sanchez Energy Corporation with a $4.13 average price target, representing a 34.1% upside. In a report released yesterday, RBC Capital also downgraded the stock to Hold.
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Wildhorse Resource Development Corp (WRD)
SunTrust Robinson analyst Welles Fitzpatrick upgraded Wildhorse Resource Development Corp to Buy yesterday and set a price target of $25. The company’s shares closed yesterday at $20.07.
According to TipRanks.com, Fitzpatrick is a 1-star analyst with an average return of -5.0% and a 25.0% success rate. Fitzpatrick covers the Basic Materials sector, focusing on stocks such as HighPoint Resources Corporation, Extraction Oil & Gas, and Anadarko Petroleum.
Currently, the analyst consensus on Wildhorse Resource Development Corp is a Strong Buy with an average price target of $33.57, implying a 67.3% upside from current levels. In a report issued on August 7, Guggenheim also reiterated a Buy rating on the stock with a $37 price target.
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