Analysts Offer Insights on Materials Companies: Spectra Energy Partners (AROC) and Archrock (AROC)


Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Spectra Energy Partners (NYSE: SEP) and Archrock (NYSE: AROC).

Spectra Energy Partners (NYSE: SEP)

In a report released today, Jeremy Tonet from J.P. Morgan maintained a Hold rating on Spectra Energy Partners (NYSE: SEP), with a price target of $40. The company’s shares closed yesterday at $31.39, close to its 52-week low of $31.16.

According to TipRanks.com, Tonet is a 4-star analyst with an average return of 7.0% and a 58.3% success rate. Tonet covers the Basic Materials sector, focusing on stocks such as Cheniere Energy Partners LP Holdings LLC, EnLink Midstream Partners, and Holly Energy Partners LP.

Currently, the analyst consensus on Spectra Energy Partners is Hold and the average price target is $37.57, representing a 19.7% upside.

In a report released yesterday, Raymond James also downgraded the stock to Hold.

See today’s analyst top recommended stocks >>

Archrock (NYSE: AROC)

B.Riley FBR analyst Tom Curran maintained a Buy rating on Archrock (NYSE: AROC) today and set a price target of $15. The company’s shares closed yesterday at $12.30, close to its 52-week high of $13.01.

According to TipRanks.com, Curran is a 1-star analyst with an average return of -0.2% and a 53.1% success rate. Curran covers the Basic Materials sector, focusing on stocks such as Independence Contract Drilling, Select Energy Services Inc, and Eco-Stim Energy Solutions.

Archrock has an analyst consensus of Moderate Buy, with a price target consensus of $13.50.

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