Analysts’ Top Materials Picks: UR-Energy (URG), USD Partners (USDP)


There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on UR-Energy (NYSE:URG) and USD Partners (NYSE:USDP) with bullish sentiments.

UR-Energy (URG)

B.Riley FBR analyst Lucas Pipes maintained a Buy rating on UR-Energy yesterday and set a price target of $1. The company’s shares opened today at $0.72.

Pipes observed:

“We are updating our estimates for Ur-Energy (URG) following the company’s 2Q results. Last quarter, URG completed its third of three MU2 header houses at the company is on pace to achieve its production guidance of 250k–300k pounds in 2018. We are maintaining our $1 price target and Buy rating, given the company’s low cost structure and solid contract position.”

According to TipRanks.com, Pipes is a 4-star analyst with an average return of 5.9% and a 61.2% success rate. Pipes covers the Basic Materials sector, focusing on stocks such as Peabody Energy Corporation Comm, Novagold Resources Inc New, and Newmont Mining Corporation.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for UR-Energy with a $1.25 average price target.

See today’s analyst top recommended stocks >>

USD Partners (USDP)

In a report released today, Robert Balsamo from B.Riley FBR reiterated a Buy rating on USD Partners, with a price target of $14. The company’s shares opened today at $10.05.

Balsamo observed:

“We are updating our estimates for USD Partners, LP (USDP) post 2Q18 earnings and release of 10-Q filings. We are reiterating our Buy rating and $14 PT. We are not making material changes to our forecasts at this time. Our forecast does call for the extension of existing take or pay contracts at comparable rates to existing. We believe Canadian production growth and wide crude oil differentials will continue to drive demand for USDP’s Hardisty terminal and support the recontracting of its customers. Potential catalysts for the partnerships could include additional announcements regarding contract extensions and/or the execution of dropdown acquisitions from the partnerships sponsor. USDP continues to generate material excess distribution coverage (1.25x in 2Q18) and maintains low leverage at 3.4x Debt/EBITDA.”

According to TipRanks.com, Balsamo is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -7.4% and a 44.3% success rate. Balsamo covers the Basic Materials sector, focusing on stocks such as EnLink Midstream Partners, EnLink Midstream LLC, and Sprague Resources.

Currently, the analyst consensus on USD Partners is a Moderate Buy with an average price target of $14.

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