There’s a lot to be optimistic about in the Materials sector as 3 analysts just weighed in on Tenaris SA (TS), Parsley Energy (PE) and Energy Transfer LP (ET) with bullish sentiments.
Tenaris SA (TS)
Morgan Stanley analyst Robert Pulleyn maintained a Buy rating on Tenaris SA today and set a price target of $29.00. The company’s shares closed last Monday at $20.08, close to its 52-week low of $19.96.
According to TipRanks.com, Pulleyn is ranked #4578 out of 5540 analysts.
Tenaris SA has an analyst consensus of Strong Buy, with a price target consensus of $30.75.
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Parsley Energy (PE)
In a report released today, Joseph Allman from Robert W. Baird maintained a Buy rating on Parsley Energy, with a price target of $19.00. The company’s shares closed last Monday at $16.02, close to its 52-week low of $13.72.
According to TipRanks.com, Allman is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -14.2% and a 24.6% success rate. Allman covers the Basic Materials sector, focusing on stocks such as CNX Resources Corporation, Pioneer Natural, and SM Energy.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Parsley Energy with a $23.92 average price target, representing a 51.3% upside. In a report issued on September 23, Citigroup also maintained a Buy rating on the stock with a $25.00 price target.
Energy Transfer LP (ET)
Robert W. Baird analyst Ethan Bellamy maintained a Buy rating on Energy Transfer LP today and set a price target of $18.00. The company’s shares closed last Monday at $12.46, close to its 52-week low of $11.68.
According to TipRanks.com, Bellamy is ranked #4826 out of 5540 analysts.
Energy Transfer LP has an analyst consensus of Strong Buy, with a price target consensus of $20.43.
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