There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Halcon Resources (NYSE:HK) and Matador Resources (NYSE:MTDR) with bullish sentiments.
Halcon Resources (HK)
In a report released today, Jason Wangler from Imperial Capital maintained a Buy rating on Halcon Resources, with a price target of $5. The company’s shares opened today at $4.04, close to its 52-week low of $3.57.
According to TipRanks.com, Wangler is ranked 0 out of 5 stars with an average return of -2.9% and a 38.8% success rate. Wangler covers the Basic Materials sector, focusing on stocks such as Eco-Stim Energy Solutions, Mammoth Energy Services, and California Resources.
Currently, the analyst consensus on Halcon Resources is a Moderate Buy with an average price target of $5.50.
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Matador Resources (MTDR)
In a report released today, Irene Haas from Imperial Capital maintained a Buy rating on Matador Resources, with a price target of $45. The company’s shares opened today at $31.14.
Haas has an average return of 23.0% when recommending Matador Resources.
According to TipRanks.com, Haas is ranked #2909 out of 4853 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Matador Resources with a $39.44 average price target, a 26.7% upside from current levels. In a report released today, Northland Securities also reiterated a Buy rating on the stock with a $39 price target.
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