Analysts have been eager to weigh in on the Materials sector with new ratings on Helmerich & Payne (HP) and Owens Corning (OC).
Helmerich & Payne (HP)
In a report issued on December 6, Christopher Voie from Wells Fargo maintained a Sell rating on Helmerich & Payne. The company’s shares closed last Monday at $40.68.
According to TipRanks.com, Voie is a 1-star analyst with an average return of -8.7% and a 20.0% success rate. Voie covers the Basic Materials sector, focusing on stocks such as Oil States International, Nabors Industries, and Propetro Holding.
The word on The Street in general, suggests a Hold analyst consensus rating for Helmerich & Payne with a $44.14 average price target.
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Owens Corning (OC)
Wells Fargo analyst Truman Patterson maintained a Buy rating on Owens Corning on December 6. The company’s shares closed last Monday at $66.47, close to its 52-week high of $68.72.
According to TipRanks.com, Patterson is a 1-star analyst with an average return of -3.4% and a 33.3% success rate. Patterson covers the Consumer Goods sector, focusing on stocks such as Sherwin-Williams Company, Mohawk Industries, and Toll Brothers.
Owens Corning has an analyst consensus of Moderate Buy, with a price target consensus of $72.44, representing a 7.3% upside. In a report issued on November 21, Deutsche Bank also initiated coverage with a Buy rating on the stock with a $75.00 price target.
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