There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Tellurian Inc (NASDAQ:TELL) and PDC Energy (NASDAQ:PDCE) with bullish sentiments.
Tellurian Inc (TELL)
In a report released today, Benjamin Nolan from Stifel Nicolaus maintained a Buy rating on Tellurian Inc, with a price target of $14. The company’s shares closed yesterday at $6.92, close to its 52-week low of $6.45.
According to TipRanks.com, Nolan has currently no stars on a ranking scale of 0-5 stars, with an average return of -6.7% and a 49.6% success rate. Nolan covers the Services sector, focusing on stocks such as Scorpio Tankers Inc, Golar LNG Partners, and Hoegh LNG Partners.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Tellurian Inc with a $14 average price target.
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PDC Energy (PDCE)
In a report released today, Michael Scialla from Stifel Nicolaus maintained a Buy rating on PDC Energy, with a price target of $86. The company’s shares closed yesterday at $55.04.
According to TipRanks.com, Scialla is a 1-star analyst with an average return of 0.0% and a 49.5% success rate. Scialla covers the Basic Materials sector, focusing on stocks such as Abraxas Petroleum Corp, Jagged Peak Energy Inc, and Whiting Petroleum Corp.
Currently, the analyst consensus on PDC Energy is a Moderate Buy with an average price target of $73.73, representing a 34.0% upside. In a report issued on July 25, Stephens also reiterated a Buy rating on the stock with a $78 price target.
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