There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Sprague Resources (NYSE:SRLP) and Unit Corp (NYSE:UNT) with bullish sentiments.
Sprague Resources (SRLP)
In a report issued on August 8, Darren Horowitz from Raymond James maintained a Buy rating on Sprague Resources. The company’s shares opened today at $24.75.
According to TipRanks.com, Horowitz is a 4-star analyst with an average return of 5.8% and a 63.4% success rate. Horowitz covers the Basic Materials sector, focusing on stocks such as Enterprise Products Partners LP, EnLink Midstream Partners, and Spectra Energy Partners.
Sprague Resources has an analyst consensus of Moderate Buy, with a price target consensus of $30.
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Unit Corp (UNT)
Raymond James analyst Marshall Adkins maintained a Buy rating on Unit Corp on August 9 and set a price target of $32. The company’s shares opened today at $25.49.
According to TipRanks.com, Adkins is a 3-star analyst with an average return of 1.8% and a 49.1% success rate. Adkins covers the Basic Materials sector, focusing on stocks such as Compressco Partners LP, Tetra Technologies, and National-Oilwell.
The word on The Street in general, suggests a Hold analyst consensus rating for Unit Corp with a $28 average price target.
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