Analysts’ Opinions Are Mixed on These Materials Stocks: Continental Resources (CLR) and Dcp Midstream Partners Lp (DCP)


Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Continental Resources (NYSE:CLR) and Dcp Midstream Partners Lp (NYSE:DCP).

Continental Resources (CLR)

In a report released today, Mark Lear from Jefferies reiterated a Buy rating on Continental Resources, with a price target of $83. The company’s shares closed yesterday at $60.72.

According to TipRanks.com, Lear is a 3-star analyst with an average return of 1.8% and a 50.6% success rate. Lear covers the Basic Materials sector, focusing on stocks such as CNX Resources Corporation, Whiting Petroleum Corp, and Jagged Peak Energy Inc.

Currently, the analyst consensus on Continental Resources is a Strong Buy with an average price target of $76.67, which is a 26.3% upside from current levels. In a report issued on July 9, RBC Capital also reiterated a Buy rating on the stock with a $72 price target.

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Dcp Midstream Partners Lp (DCP)

In a report released today, Christopher Sighinolfi from Jefferies reiterated a Hold rating on Dcp Midstream Partners Lp, with a price target of $38. The company’s shares closed yesterday at $41.85, close to its 52-week high of $42.79.

According to TipRanks.com, Sighinolfi is a 5-star analyst with an average return of 11.4% and a 68.0% success rate. Sighinolfi covers the Basic Materials sector, focusing on stocks such as Energy Transfer Partners LP, National Fuel Gas Company, and EnLink Midstream Partners.

Currently, the analyst consensus on Dcp Midstream Partners Lp is a Hold with an average price target of $39.67.

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