Analysts have been eager to weigh in on the Materials sector with new ratings on Royal Dutch Shell A (NYSE: RDS.A), Hess (NYSE: HES) and Anadarko Petroleum (NYSE: APC).
Royal Dutch Shell A (NYSE: RDS.A)
Scotiabank analyst Blake Fernandez maintained a Hold rating on Royal Dutch Shell A (NYSE: RDS.A) on May 15 and set a price target of $55. The company’s shares closed yesterday at $56.16, close to its 52-week high of $56.39.
According to TipRanks.com, Fernandez is a 1-star analyst with an average return of -0.1% and a 47.8% success rate. Fernandez covers the Basic Materials sector, focusing on stocks such as Hollyfrontier Corp, Valero Energy Corp, and Delek US Holdings.
Royal Dutch Shell A has an analyst consensus of Moderate Buy, with a price target consensus of $60.80.
Hess (NYSE: HES)
Scotiabank analyst Peter Kissel maintained a Buy rating on Hess (NYSE: HES) yesterday and set a price target of $53. The company’s shares closed yesterday at $48.78.
According to TipRanks.com, Kissel is ranked 0 out of 5 stars with an average return of -6.2% and a 34.1% success rate. Kissel covers the Basic Materials sector, focusing on stocks such as National Fuel Gas Company, Evolution Petroleum Corp, and Approach Resources Inc.
Hess has an analyst consensus of Moderate Buy, with a price target consensus of $62.20.
Anadarko Petroleum (NYSE: APC)
Scotiabank analyst Joseph Bachmann maintained a Buy rating on Anadarko Petroleum (NYSE: APC) yesterday and set a price target of $76. The company’s shares closed yesterday at $51.75, close to its 52-week low of $47.51.
According to TipRanks.com, Bachmann is a 1-star analyst with an average return of -3.6% and a 43.1% success rate. Bachmann covers the Basic Materials sector, focusing on stocks such as Evolution Petroleum Corp, Approach Resources Inc, and Jagged Peak Energy Inc.
Currently, the analyst consensus on Anadarko Petroleum is Moderate Buy and the average price target is $72.33, representing a 39.8% upside.
In a report issued on May 3, Credit Suisse also maintained a Buy rating on the stock with a $82 price target.
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