There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Propetro Holding Corp (PUMP) and McEwen Mining (MUX) with bullish sentiments.
Propetro Holding Corp (PUMP)
In a report released today, Tom Curran from B.Riley FBR assigned a Buy rating to Propetro Holding Corp, with a price target of $17.00. The company’s shares closed last Monday at $8.61, close to its 52-week low of $7.77.
According to TipRanks.com, Curran has 0 stars on 0-5 star ranking scale with an average return of -12.2% and a 33.8% success rate. Curran covers the Basic Materials sector, focusing on stocks such as Solaris Oilfield Infrastructure Inc, Independence Contract Drilling, and Select Energy Services Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Propetro Holding Corp with a $17.33 average price target, representing a 93.0% upside. In a report issued on October 9, Wells Fargo also maintained a Buy rating on the stock.
See today’s analyst top recommended stocks >>
McEwen Mining (MUX)
B.Riley FBR analyst Adam Graf reiterated a Buy rating on McEwen Mining yesterday and set a price target of $4.20. The company’s shares closed last Monday at $1.56.
According to TipRanks.com, Graf is a 1-star analyst with an average return of -6.3% and a 35.7% success rate. Graf covers the Basic Materials sector, focusing on stocks such as Gold Standard Ventures Corp, Newmont Mining Corporation, and First Majestic Silver.
Currently, the analyst consensus on McEwen Mining is a Moderate Buy with an average price target of $3.48.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
