Analysts have been eager to weigh in on the Materials sector with new ratings on Conocophillips (COP), Earthstone Energy (ESTE) and Dcp Midstream Partners (DCP).
Conocophillips (COP)
Wells Fargo analyst Roger Read maintained a Buy rating on Conocophillips on December 6. The company’s shares closed last Monday at $61.97.
According to TipRanks.com, Read is a 3-star analyst with an average return of 2.1% and a 55.6% success rate. Read covers the Basic Materials sector, focusing on stocks such as Canadian Natural, Valero Energy, and Phillips 66.
Conocophillips has an analyst consensus of Strong Buy, with a price target consensus of $72.10, which is a 19.5% upside from current levels. In a report issued on December 5, MKM Partners also initiated coverage with a Buy rating on the stock with a $72.00 price target.
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Earthstone Energy (ESTE)
Wells Fargo analyst Gordon Douthat maintained a Hold rating on Earthstone Energy on December 6. The company’s shares closed last Monday at $5.19.
According to TipRanks.com, Douthat is ranked 0 out of 5 stars with an average return of -7.2% and a 28.3% success rate. Douthat covers the Basic Materials sector, focusing on stocks such as Black Stone Minerals, Extraction Oil & Gas, and Jagged Peak Energy.
Earthstone Energy has an analyst consensus of Moderate Buy, with a price target consensus of $7.33.
Dcp Midstream Partners (DCP)
Wells Fargo analyst Michael Blum maintained a Hold rating on Dcp Midstream Partners on December 6. The company’s shares closed last Monday at $21.00, close to its 52-week low of $20.40.
According to TipRanks.com, Blum is a 4-star analyst with an average return of 8.5% and a 58.3% success rate. Blum covers the Basic Materials sector, focusing on stocks such as Phillips 66 Partners, NGL Energy Partners, and Energy Transfer.
Dcp Midstream Partners has an analyst consensus of Moderate Buy, with a price target consensus of $26.40, implying a 28.0% upside from current levels. In a report issued on November 26, Barclays also maintained a Hold rating on the stock with a $25.00 price target.
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