Analysts’ Opinions Are Mixed on These Materials Stocks: Phillips 66 (PSX) and Pioneer Natural (PXD)


Analysts have been eager to weigh in on the Materials sector with new ratings on Phillips 66 (NYSE:PSX) and Pioneer Natural (NYSE:PXD).

Phillips 66 (PSX)

Jefferies analyst Christopher Sighinolfi reiterated a Sell rating on Phillips 66 today and set a price target of $90. The company’s shares closed yesterday at $111.06.

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 Enterprise Products Partners LP, Energy Transfer Partners LP, and Dcp Midstream Partners Lp.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Phillips 66 with a $118.14 average price target.

See today’s analyst top recommended stocks >>

Pioneer Natural (PXD)

Jefferies analyst Mark Lear reiterated a Buy rating on Pioneer Natural today and set a price target of $244. The company’s shares closed yesterday at $182.64.

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, Jagged Peak Energy Inc, and Whiting Petroleum Corp.

Currently, the analyst consensus on Pioneer Natural is a Strong Buy with an average price target of $242.33, which is a 32.7% upside from current levels. In a report issued on July 5, TD Securities also initiated coverage with a Buy rating on the stock with a $240 price target.

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