![]( "Contura Energy Inc (Other OTC: CNTE)")
There’s a lot to be optimistic about in the Materials sector as 3 analysts just weighed in on Contura Energy Inc (Other OTC: CNTE), Dril-Quip (NYSE: DRQ) and Oasis Petroleum Inc (NYSE: OAS) with bullish sentiments.
Contura Energy Inc (Other OTC: CNTE)
In a report released today, Lucas Pipes from B.Riley FBR maintained a Buy rating on Contura Energy Inc (Other OTC: CNTE), with a price target of $88. The company’s shares closed yesterday at $66.95.
According to TipRanks.com, Pipes is a 4-star analyst with an average return of 6.1% and a 60.9% success rate. Pipes covers the Basic Materials sector, focusing on stocks such as Peabody Energy Corporation Comm, Newmont Mining Corporation, and CONSOL Coal Resources LP.
Contura Energy Inc has an analyst consensus of Moderate Buy, with a price target consensus of $88.
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Dril-Quip (NYSE: DRQ)
B.Riley FBR analyst Tom Curran maintained a Buy rating on Dril-Quip (NYSE: DRQ) today and set a price target of $50. The company’s shares closed yesterday at $41.45.
According to TipRanks.com, Curran is a 1-star analyst with an average return of -2.7% and a 46.5% success rate. Curran covers the Basic Materials sector, focusing on stocks such as Independence Contract Drilling, Select Energy Services Inc, and Diamond Offshore Drilling.
Dril-Quip has an analyst consensus of Moderate Buy, with a price target consensus of $42.75.
Oasis Petroleum Inc (NYSE: OAS)
BMO Capital analyst Dan McSpirit maintained a Buy rating on Oasis Petroleum Inc (NYSE: OAS) today and set a price target of $14. The company’s shares closed yesterday at $11.03.
According to TipRanks.com, McSpirit is a 3-star analyst with an average return of 3.5% and a 50.0% success rate. McSpirit covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Wildhorse Resource Development Corp, and Extraction Oil & Gas.
Currently, the analyst consensus on Oasis Petroleum Inc is Moderate Buy and the average price target is $12.36, representing a 12.1% upside.
In a report issued on April 18, J.P. Morgan also assigned a Buy rating to the stock with a $16 price target.
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