Analysts have been eager to weigh in on the Materials sector with new ratings on Devon Energy Corp (NYSE: DVN), EnLink Midstream LLC (NYSE: ENLC) and Aqua Metals (NASDAQ: AQMS).
Devon Energy Corp (NYSE: DVN)
In a report released yesterday, Rehan Rashid from B.Riley FBR maintained a Hold rating on Devon Energy Corp (NYSE: DVN), with a price target of $47. The company’s shares opened today at $42.13.
According to TipRanks.com, Rashid is a 4-star analyst with an average return of 16.8% and a 70.0% success rate. Rashid covers the Basic Materials sector, focusing on stocks such as Continental Resources, Lonestar Resources US, and QEP Resources.
Currently, the analyst consensus on Devon Energy Corp is Moderate Buy and the average price target is $48.33, representing a 14.7% upside.
In a report issued on June 8, MUFG Securities Americas Inc also maintained a Hold rating on the stock with a $44 price target.
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EnLink Midstream LLC (NYSE: ENLC)
Barclays analyst Christine Cho maintained a Hold rating on EnLink Midstream LLC (NYSE: ENLC) today and set a price target of $15. The company’s shares opened today at $17.05.
According to TipRanks.com, Cho is a 3-star analyst with an average return of 2.5% and a 51.8% success rate. Cho covers the Basic Materials sector, focusing on stocks such as Enterprise Products Partners LP, Dcp Midstream Partners Lp, and EnLink Midstream Partners.
Currently, the analyst consensus on EnLink Midstream LLC is Hold and the average price target is $16.57, representing a -2.8% downside.
In a report issued on June 4, B.Riley FBR also reiterated a Hold rating on the stock with a $18 price target.
Aqua Metals (NASDAQ: AQMS)
H.C. Wainwright analyst Amit Dayal maintained a Buy rating on Aqua Metals (NASDAQ: AQMS) yesterday and set a price target of $9. The company’s shares opened today at $3.05, close to its 52-week low of $1.42.
Dayal wrote:
“We believe this milestone addresses a significant overhang about the viability of the company’s technology.”
According to TipRanks.com, Dayal is ranked 0 out of 5 stars with an average return of -2.2% and a 34.5% success rate. Dayal covers the Consumer Goods sector, focusing on stocks such as Superconductor Technologies Inc, Pointer Telocation Ltd, and Pacific Ethanol.
Aqua Metals has an analyst consensus of Strong Buy, with a price target consensus of $12.67.
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