Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Extraction Oil & Gas (NASDAQ: XOG) and Dominion Diamond (NYSE: DDC).
Extraction Oil & Gas (NASDAQ: XOG)
RBC Capital analyst Scott Hanold reiterated a Buy rating on Extraction Oil & Gas (NASDAQ: XOG) yesterday and set a price target of $25. The company’s shares closed yesterday at $16.14.
According to TipRanks.com, Hanold is a 1-star analyst with an average return of -1.6% and a 38.3% success rate. Hanold covers the Basic Materials sector, focusing on stocks such as Contango Oil & Gas Company, Sanchez Energy Corporation, and Quicksilver Resources Inc.
Currently, the analyst consensus on Extraction Oil & Gas is Strong Buy and the average price target is $25.75, representing a 59.5% upside.
In a report issued on May 8, Credit Suisse also assigned a Buy rating to the stock with a $25 price target.
Dominion Diamond (NYSE: DDC)
RBC Capital analyst Richard Hatch reiterated a Hold rating on Dominion Diamond (NYSE: DDC) yesterday and set a price target of $12. The company’s shares closed yesterday at $12.81, close to its 52-week high of $13.65.
According to TipRanks.com, Hatch is a 4-star analyst with an average return of 33.0% and a 22.2% success rate. Hatch covers the Basic Materials sector, focusing on stocks such as Randgold Resources Limited, Stillwater Mining Company, and Anglogold Ashanti Ltd.
Dominion Diamond has an analyst consensus of Moderate Buy, with a price target consensus of $12.
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