Analysts’ Opinions Are Mixed on These Materials Stocks: Occidental Petroleum (OXY) and Andeavor Logistics LP (ANDX)


Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Occidental Petroleum (OXY) and Andeavor Logistics LP (ANDX).

Occidental Petroleum (OXY)

In a report released today, Robert S Morris from Citigroup maintained a Buy rating on Occidental Petroleum, with a price target of $95. The company’s shares opened today at $72.12.

According to TipRanks.com, Morris is a 4-star analyst with an average return of 7.9% and a 54.9% success rate. Morris covers the Basic Materials sector, focusing on stocks such as Chesapeake Energy, Encana Corp, and Newfield.

Currently, the analyst consensus on Occidental Petroleum is a Strong Buy with an average price target of $92.33, a 28.0% upside from current levels. In a report issued on November 5, Morgan Stanley also maintained a Buy rating on the stock with a $96 price target.

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See today’s analyst top recommended stocks >>

Andeavor Logistics LP (ANDX)

J.P. Morgan analyst Jeremy Tonet maintained a Hold rating on Andeavor Logistics LP today and set a price target of $47. The company’s shares opened today at $37.09, close to its 52-week low of $36.66.

According to TipRanks.com, Tonet is a 4-star analyst with an average return of 6.9% and a 58.6% success rate. Tonet covers the Basic Materials sector, focusing on stocks such as Oasis Midstream Partners Lp, Holly Energy Partners LP, and Valero Energy Partners.

Currently, the analyst consensus on Andeavor Logistics LP is a Hold with an average price target of $45.80, which is a 23.5% upside from current levels. In a report released yesterday, SunTrust Robinson also downgraded the stock to Hold with a $41 price target.

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