There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Halliburton (HAL) and C&J Energy Services Inc (CJ) with bullish sentiments.
Halliburton (HAL)
In a report released today, Judson Bailey from Wells Fargo maintained a Buy rating on Halliburton. The company’s shares closed last Monday at $18.95, close to its 52-week low of $16.97.
According to TipRanks.com, Bailey has 0 stars on 0-5 star ranking scale with an average return of -11.7% and a 28.1% success rate. Bailey covers the Basic Materials sector, focusing on stocks such as Select Energy Services Inc, Ranger Energy Services Inc, and Oil States International.
Currently, the analyst consensus on Halliburton is a Strong Buy with an average price target of $30.23, a 62.3% upside from current levels. In a report issued on October 8, Morgan Stanley also maintained a Buy rating on the stock with a $30.00 price target.
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C&J Energy Services Inc (CJ)
In a report released today, Christopher Voie from Wells Fargo maintained a Buy rating on C&J Energy Services Inc. The company’s shares closed last Monday at $9.37, close to its 52-week low of $8.55.
According to TipRanks.com, Voie is a 1-star analyst with an average return of -4.0% and a 37.5% success rate. Voie covers the Basic Materials sector, focusing on stocks such as Oil States International, Propetro Holding Corp, and Helmerich & Payne.
Currently, the analyst consensus on C&J Energy Services Inc is a Strong Buy with an average price target of $11.67.
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