Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Quanta Services (PWR), Helmerich & Payne (HP) and Apache (APA).
Quanta Services (PWR)
In a report released today, Andrew Kaplowitz from Citigroup maintained a Buy rating on Quanta Services, with a price target of $50. The company’s shares closed last Monday at $37.51.
According to TipRanks.com, Kaplowitz is a 2-star analyst with an average return of -0.1% and a 50.9% success rate. Kaplowitz covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Circor International.
Quanta Services has an analyst consensus of Strong Buy, with a price target consensus of $43.67, a 16.5% upside from current levels. In a report issued on September 10, Stifel Nicolaus also maintained a Buy rating on the stock with a $45 price target.
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Helmerich & Payne (HP)
Citigroup analyst Scott Gruber maintained a Buy rating on Helmerich & Payne today and set a price target of $50. The company’s shares closed last Monday at $42.66.
According to TipRanks.com, Gruber is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -4.6% and a 39.8% success rate. Gruber covers the Basic Materials sector, focusing on stocks such as Ncs Multistage Holdings Inc, Diamond Offshore Drilling, and Oceaneering International.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Helmerich & Payne with a $54.06 average price target.
Apache (APA)
Citigroup analyst Brian Downey maintained a Hold rating on Apache today and set a price target of $27. The company’s shares closed last Monday at $25.67.
According to TipRanks.com, Downey is a 3-star analyst with an average return of 10.3% and a 64.3% success rate. Downey covers the Basic Materials sector, focusing on stocks such as Jagged Peak Energy Inc, Whiting Petroleum Corp, and Range Resources Corp.
The word on The Street in general, suggests a Hold analyst consensus rating for Apache with a $27.20 average price target, implying a 6.8% upside from current levels. In a report issued on September 16, MKM Partners also initiated coverage with a Hold rating on the stock with a $26 price target.
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