There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on RSP Permian (NYSE: RSPP) and Superior Drilling Products (NYSE: SDPI) with bullish sentiments.
RSP Permian (NYSE: RSPP)
Roth Capital analyst John M. White reiterated a Buy rating on RSP Permian (NYSE: RSPP) today and set a price target of $64.50. The company’s shares opened today at $41.75.
According to TipRanks.com, White is a 1-star analyst with an average return of 0.0% and a 47.3% success rate. White covers the Basic Materials sector, focusing on stocks such as Evolution Petroleum Corp, Clayton Williams Energy, and Goodrich Petroleum Corp.
Currently, the analyst consensus on RSP Permian is Strong Buy and the average price target is $53.14, representing a 27.3% upside.
In a report issued on May 3, Scotiabank also maintained a Buy rating on the stock with a $51 price target.
Superior Drilling Products (NYSE: SDPI)
In a report released yesterday, Joseph Reagor from Roth Capital reiterated a Buy rating on Superior Drilling Products (NYSE: SDPI), with a price target of $1.30. The company’s shares opened today at $0.80, close to its 52-week low of $0.72.
According to TipRanks.com, Reagor is ranked 0 out of 5 stars with an average return of -2.1% and a 30.4% success rate. Reagor covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Platform Specialty Products, and Gold Standard Ventures Corp.
Superior Drilling Products has an analyst consensus of Moderate Buy, with a price target consensus of $2.
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